XML 30 R19.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
The changes in accumulated other comprehensive income (loss) ("AOCI") by component, net of tax, for the first quarter ended March 31, 2024 and April 2, 2023 are as follows (in millions):
Foreign Currency TranslationCash Flow Hedges and OtherPension and Postretirement BenefitsTotal
Balance at December 31, 2023
$(392.7)$8.2 $(249.6)$(634.1)
   Other comprehensive income (loss) before reclassifications(88.8)2.7 — (86.1)
   Amounts reclassified from AOCI— (6.9)2.1 (4.8)
Net other comprehensive income (loss)(88.8)(4.2)2.1 (90.9)
Balance at March 31, 2024
$(481.5)$4.0 $(247.5)$(725.0)
Foreign Currency TranslationCash Flow Hedges and OtherPension and Postretirement BenefitsTotal
Balance at January 1, 2023
$(472.3)$1.3 $(255.5)$(726.5)
   Other comprehensive income (loss) before reclassifications(4.3)9.8 — 5.5 
   Amounts reclassified from AOCI— (7.3)1.5 (5.8)
Net other comprehensive income (loss)(4.3)2.5 1.5 (0.3)
Balance at April 2, 2023
$(476.6)$3.8 $(254.0)$(726.8)


The reclassifications out of AOCI to net income for the first quarter ended March 31, 2024 and April 2, 2023 are as follows (in millions):
Amount Reclassified from AOCI for the Quarter EndedAmount Reclassified from AOCI for the Quarter EndedStatement of Income (Loss) Presentation
March 31, 2024April 2, 2023
(Gain) loss on cash flow hedges:
Gain recognized in income on derivatives$(9.3)$(9.8)See Note 13
Income tax impact2.4 2.5 Provision for income taxes
Total$(6.9)$(7.3)
Amortization of defined benefit pension and postretirement plan items:
Amortization of prior service cost$(0.1)$(0.4)Costs and expenses
Amortization of net actuarial loss2.9 2.4 Costs and expenses
Total before tax2.8 2.0 
Income tax impact(0.7)(0.5)Provision for income taxes
Total$2.1 $1.5