Black & Decker 2015 Annual Report Download - page 98
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84
K. ACCUMULATED OTHER COMPREHENSIVE LOSS
The following table summarizes the changes in the accumulated balances for each component of accumulated other
comprehensive loss:
(Millions of Dollars)
Currency
translation
adjustment and
other
Unrealized
(losses) gains
on cash flow
hedges, net of
tax
Unrealized
(losses) gains
on net
investment
hedges, net of
tax Pension (losses)
gains, net of tax Total
Balance - December 28, 2013 ..................... $ (70.5) $ (77.3) $ (76.8) $ (274.4) $ (499.0)
Other comprehensive (loss) income before
reclassifications ........................................... (726.3) 18.9 39.6 (116.0)(783.8)
Reclassification adjustments to earnings..... — 7.5 — 5.1 12.6
Net other comprehensive (loss) income ...... (726.3) 26.4 39.6 (110.9)(771.2)
Balance - January 3, 2015 ........................... (796.8) (50.9)(37.2)(385.3)(1,270.2)
Other comprehensive (loss) income before
reclassifications ........................................... (504.1) 21.2 49.0 21.3 (412.6)
Reclassification adjustments to earnings..... —(22.4) — 11.0 (11.4)
Net other comprehensive (loss) income ...... (504.1) (1.2) 49.0 32.3 (424.0)
Balance - January 2, 2016......................... $ (1,300.9) $ (52.1) $ 11.8 $ (353.0) $ (1,694.2)
(Millions of Dollars) 2015 2014
Components of accumulated other comprehensive loss Reclassification
adjustments Reclassification
adjustments Affected line item in Consolidated
Statements of Operations And
Comprehensive Income (Loss)
Unrealized gain on cash flow hedges ........................... $ 57.4 $ 0.2 Cost of sales
Unrealized losses on cash flow hedges......................... (15.1)(15.1) Interest Expense
Tax effect...................................................................... (19.9)7.4 Income taxes on continuing
operations
Unrealized gains (losses) on cash flow hedges, net of
tax ................................................................................. $ 22.4 $(7.5)
Amortization of defined benefit pension items:
Actuarial losses and prior service costs / credits .......... $(9.7)$(4.7) Cost of sales
Actuarial losses and prior service costs / credits .......... (6.4)(3.2)Selling, general and
administrative
Total before taxes.......................................................... (16.1)(7.9)
Tax effect...................................................................... 5.1 2.8 Income taxes on continuing
operations
Amortization of defined benefit pension items, net of
tax ................................................................................. $(11.0)$(5.1)