Anixter International Inc. Financial Statement Analysis
ANIXTER INTERNATIONAL INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
The following table sets forth the changes and the end of year components of "Accumulated other comprehensive loss"
for the defined benefit plans:
(In millions)
January 3,
2020
December 28,
2018
Changes to Balance:
Beginning balance
Recognized prior service cost
Recognized net actuarial gain
Settlement
Prior service cost arising in current year
Net actuarial loss arising in current year
$
126.7 $
112.2
3.8
4.0
(8.5)
(7.5)
(0.4)
0.4
20.4
21.8
Foreign currency exchange rate changes
Ending balance
2.5
(4.2)
$
144.5
$
126.7
Components of Balance:
Prior service credit
(9.0) $
(12.8)
Net actuarial loss
153.5
139.5
$
144.5 $
126.7
Amounts in "Accumulated other comprehensive loss" expected to be recognized as components of net period pension
cost in 2020 are as follows:
(In millions)
Amortization of prior service credit
Amortization of actuarial loss
Total amortization expected
$
(3.4)
9.4
$
6.0
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