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Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

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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Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss).

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

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