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Accumulated Other Comprehensive Income (Loss) (Tables) | 3 Months Ended
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Mar. 30, 2025
Equity [Abstract] |
Schedule of Changes in AOCI by Component | The changes in accumulated other comprehensive income (loss) (“AOCI”) by component, net of tax, as applicable, for the first quarter ended March 30, 2025, and March 31, 2024, are as follows (in millions):
| Foreign Currency Translation |  | Cash Flow Hedges |  | Pension and Postretirement Benefits |  | Total
Balance at December 29, 2024 | $ | (602.3) |  |  | $ | (2.2) |  |  | $ | (235.4) |  |  | $ | (839.9) |
Other comprehensive income (loss) before reclassifications | 150.8 |  |  | 0.6 |  |  | — |  |  | 151.4 |
Amounts reclassified from AOCI | — |  |  | 0.7 |  |  | 1.5 |  |  | 2.2 |
Net other comprehensive income (loss) | 150.8 |  |  | 1.3 |  |  | 1.5 |  |  | 153.6 |
Balance at March 30, 2025 | $ | (451.5) |  |  | $ | (0.9) |  |  | $ | (233.9) |  |  | $ | (686.3) |
| Foreign Currency Translation |  | Cash Flow Hedges |  | Pension and Postretirement Benefits |  | Total
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) |
Schedule of Reclassification out of Accumulated Other Comprehensive Income | The reclassifications out of AOCI to net income for the first quarter ended March 30, 2025, and March 31, 2024 are as follows (in millions):
|  | Amount Reclassified from AOCI for the Quarter Ended March 30, 2025 |  | Amount Reclassified from AOCI for the Quarter Ended March 31, 2024 |  | Statement of Income (Loss) Presentation
(Gain) loss on cash flow hedges: |  |  |  |  |  |
Loss (gain) recognized in income on derivatives |  | $ | 0.9 |  |  | $ | (9.3) |  |  | See Note 13
Income tax impact |  | (0.2) |  |  | 2.4 |  |  | Provision for income taxes
Total |  | $ | 0.7 |  |  | $ | (6.9) |  |  |
Amortization of defined benefit pension and postretirement plan items: |  |  |  |  |  |
Amortization of prior service cost |  | $ | 0.1 |  |  | $ | (0.1) |  |  | Costs and expenses
Amortization of net actuarial loss |  | 1.8 |  |  | 2.9 |  |  | Costs and expenses
Total before tax |  | 1.9 |  |  | 2.8 |  |  |
Income tax impact |  | (0.4) |  |  | (0.7) |  |  | Provision for income taxes
Total |  | $ | 1.5 |  |  | $ | 2.1 |  |  |

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