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Accumulated Other Comprehensive Income (Loss) - (Tables)

3 Months Ended

Apr. 01, 2023

Equity [Abstract]

Schedule of Net Changes in Accumulated OCI by Component, Net of Tax

The following is a summary of net changes in Accumulated OCI by component and net of tax for the three months ended April 1, 2023:

(Amounts in millions)			Foreign Currency Translation						Cash Flow Hedges						Defined Benefit Pension and Postretirement Plans						Total
Balance as of December 31, 2022			$	(272.5)					$	7.3					$	(263.1)					$	(528.3)
Other comprehensive income before reclassifications			18.1						—						—						18.1
Amounts reclassified from Accumulated OCI			—						(0.4)						—						(0.4)
Net other comprehensive income (loss)			18.1						(0.4)						—						17.7
Balance as of April 1, 2023			$	(254.4)					$	6.9					$	(263.1)					$	(510.6)

The following is a summary of net changes in Accumulated OCI by component and net of tax for the three months ended April 2, 2022:

(Amounts in millions)			Foreign Currency Translation						Cash Flow Hedges						Defined Benefit Pension and Postretirement Plans						Total
Balance as of January 1, 2022			$	(145.1)					$	8.9					$	(207.7)					$	(343.9)
Other comprehensive loss before reclassifications			(9.7)						—						—						(9.7)
Amounts reclassified from Accumulated OCI			—						(0.4)						3.4						3.0
Net other comprehensive income (loss)			(9.7)						(0.4)						3.4						(6.7)
Balance as of April 2, 2022			$	(154.8)					$	8.5					$	(204.3)					$	(350.6)

Schedule of Reclassifications Out of Accumulated OCI

The reclassifications out of Accumulated OCI for the three month periods ended April 1, 2023, and April 2, 2022, are as follows:

			Amount Reclassified from Accumulated OCI
			Three Months Ended
(Amounts in millions)			April 1, 2023						April 2, 2022															Statement of Earnings Presentation
Gains on cash flow hedges:
Treasury locks			$	0.4					$	0.4														Interest expense
Income tax expense			—						—															Income tax expense
Net of tax			0.4						0.4
Amortization of net unrecognized losses			$	—					$	(4.5)														See footnote below*
Income tax benefit			—						1.1															Income tax expense
Net of tax			—						(3.4)
Total reclassifications for the period, net of tax			$	0.4					$	(3.0)

* These Accumulated OCI components are included in the computation of net periodic pension and postretirement health care costs; see Note 10 and Note 11 for further information.

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- Definition

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

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- Definition

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

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669686-108580

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

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