Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income, Reclassification out of Accumulated Other Comprehensive Income (Loss) (Details)

v3.20.2
Comprehensive Income, Reclassification out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Sep. 26, 2020
Sep. 28, 2019
Jun. 27, 2020
Dec. 31, 2019
Jun. 29, 2019
Dec. 31, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]                
Pension Settlement Charge $ (200,000) $ (294,100,000) $ 1,100,000 $ (294,100,000)        
Loss on Disposal of Discontinued Operations, Net of Tax [1] (400,000) (3,500,000) (1,500,000) (45,000,000.0)        
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 175,700,000 (189,600,000) 353,600,000 49,200,000        
Income Tax Expense (Benefit) (38,900,000) (43,300,000) (74,900,000) (93,800,000)        
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent 136,800,000 (232,900,000) 278,700,000 (44,600,000)        
Accumulated Other Comprehensive Income (Loss), Net of Tax (51,900,000) (53,300,000) (51,900,000) (53,300,000) $ (60,600,000) $ (53,400,000) $ (346,500,000) $ (363,100,000)
Prior Service Credits 200,000 100,000 500,000 500,000        
Net Actuarial Losses (100,000) (600,000) (400,000) (5,700,000)        
Other Comprehensive Income (Loss), Defined Benefit Plan, Settlement and Curtailment Gain (Loss), before Tax 0 (294,100,000) [2] 0 (294,100,000) [2]        
Defined Benefit Items, Earnings Before Income Taxes 100,000 (294,600,000) 100,000 (299,300,000)        
Defined Benefit Items, Income Tax Provision 0.0 (16,100,000) [2] 0.0 (14,900,000) [2]        
Defined Benefit Items, Net Earnings From Continuing Operations 100,000 (310,700,000) 100,000 (314,200,000)        
Derivatives, Earnings Before Income Taxes 1,300,000 2,500,000 7,700,000 7,600,000        
Derivatives, Income Tax Provision (200,000) (700,000) (1,900,000) (2,200,000)        
Derivatives, Net Earnings From Continuing Operations 1,100,000 1,800,000 5,800,000 5,400,000        
Income Tax Expense (Benefit), Due to Pension Settlement   17,200,000   17,200,000        
Effective Income Tax Rate Reconciliation, Pension Settlement Charge, Income Tax Expense (Benefit)   (74,200,000)   (74,200,000)        
Effective Income Tax Rate Reconciliation, Pension Settlement Charge, Gross   91,400,000   91,400,000        
Interest Expense [Member] | Interest Rate Contract [Member]                
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]                
Derivatives, Earnings Before Income Taxes (100,000) (100,000) (400,000) (400,000)        
Cost of Sales [Member] | Foreign Exchange Contracts [Member]                
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]                
Derivatives, Earnings Before Income Taxes 1,400,000 2,600,000 8,100,000 8,000,000.0        
Cost of Sales [Member] | Commodity Contract [Member]                
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]                
Derivatives, Earnings Before Income Taxes (0.0) 0 (0.0) 0        
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]                
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]                
Accumulated Other Comprehensive Income (Loss), Net of Tax (32,900,000) (47,100,000) (32,900,000) (47,100,000) (45,100,000) (37,600,000) (33,700,000) (48,900,000)
Accumulated Defined Benefit Plans Adjustment, Net Prior Service Attributable to Parent [Member]                
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]                
Accumulated Other Comprehensive Income (Loss), Net of Tax (3,400,000) (2,900,000) (3,400,000) (2,900,000) (3,300,000) (3,000,000.0) (6,400,000) (6,100,000)
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member]                
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]                
Accumulated Other Comprehensive Income (Loss), Net of Tax (7,100,000) (2,300,000) (7,100,000) (2,300,000) (6,900,000) (7,300,000) (301,500,000) (306,200,000)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]                
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]                
Accumulated Other Comprehensive Income (Loss), Net of Tax (8,500,000) (1,000,000.0) (8,500,000) (1,000,000.0) $ (5,300,000) $ (5,500,000) $ (4,900,000) $ (1,900,000)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Foreign Currency Adjustment Attributable to Parent [Member]                
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]                
Loss on Disposal of Discontinued Operations, Net of Tax 0 0 0 (13,900,000)        
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 0 0 0 (13,900,000)        
Income Tax Expense (Benefit) 0 0 0 100,000        
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $ 0 $ 0 $ 0 $ (13,800,000)        
[1] (C) Loss on disposal of discontinued operations, net of tax, for the three months ended September 26, 2020 includes a pre-tax loss of $0.5 million and a tax benefit of $0.1 million. Loss on disposal of discontinued operations, net of tax, for the nine months ended September 26, 2020 includes a pre-tax loss of $2.0 million and a tax benefit of $0.5 million. Loss on disposal of discontinued operations, net of tax, for the three months ended September 28, 2019 includes a pre-tax loss of $4.7 million and a tax benefit of $1.2 million. Loss on disposal of discontinued operations, net of tax, for the nine months ended September 28, 2019 includes a pre-tax loss of $52.4 million and a tax benefit of $7.4 million.
[2]
(A) In the third quarter of 2019, the Company fully exited its qualified defined benefit pension plans and as a result, recorded a pre-tax settlement charge of $294.1 million. The income tax impact of the settlement action was a net provision of $17.2 million, consisting of an income tax benefit of $74.2 million associated with the pension settlement charge netted against an income tax charge of $91.4 million resulting from the release of disproportionate tax effects in Accumulated Other Comprehensive Income.

Refer to Note 14 – Postretirement Benefits and Note 13 – Income Taxes in the Notes to Condensed Consolidated Financial Statements for further information on the pension settlement and related income tax consequences, respectively.