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Accumulated Other Comprehensive Income (Loss) - (Tables) | 9 Months Ended
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Sep. 30, 2023
Equity [Abstract] |
Schedule of Net Changes in Accumulated OCI by Component, Net of Tax | Below is a summary of net changes in Accumulated OCI by component and net of tax for the three months ended September 30, 2023:
(Amounts in millions) | Foreign Currency Translation |  | Cash Flow Hedges |  | Defined Benefit Pension and Postretirement Plans |  | Total
Balance as of July 1, 2023 | $ | (254.2) |  |  | $ | 6.5 |  |  | $ | (263.0) |  |  | $ | (510.7) |
Other comprehensive loss before reclassifications | (52.3) |  |  | — |  |  | — |  |  | (52.3) |
Amounts reclassified from Accumulated OCI | — |  |  | (0.4) |  |  | 0.1 |  |  | (0.3) |
Net other comprehensive income (loss) | (52.3) |  |  | (0.4) |  |  | 0.1 |  |  | (52.6) |
Balance as of September 30, 2023 | $ | (306.5) |  |  | $ | 6.1 |  |  | $ | (262.9) |  |  | $ | (563.3) |
Below is a summary of net changes in Accumulated OCI by component and net of tax for the nine months ended September 30, 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 loss before reclassifications | (34.0) |  |  | — |  |  | — |  |  | (34.0) |
Amounts reclassified from Accumulated OCI | — |  |  | (1.2) |  |  | 0.2 |  |  | (1.0) |
Net other comprehensive income (loss) | (34.0) |  |  | (1.2) |  |  | 0.2 |  |  | (35.0) |
Balance as of September 30, 2023 | $ | (306.5) |  |  | $ | 6.1 |  |  | $ | (262.9) |  |  | $ | (563.3) |
Below is a summary of net changes in Accumulated OCI by component and net of tax for the three months ended October 1, 2022:
(Amounts in millions) | Foreign Currency Translation |  | Cash Flow Hedges |  | Defined Benefit Pension and Postretirement Plans |  | Total
Balance as of July 2, 2022 | $ | (265.1) |  |  | $ | 8.1 |  |  | $ | (200.7) |  |  | $ | (457.7) |
Other comprehensive loss before reclassifications | (127.6) |  |  | — |  |  | — |  |  | (127.6) |
Amounts reclassified from Accumulated OCI | — |  |  | (0.4) |  |  | 3.4 |  |  | 3.0 |
Net other comprehensive income (loss) | (127.6) |  |  | (0.4) |  |  | 3.4 |  |  | (124.6) |
Balance as of October 1, 2022 | $ | (392.7) |  |  | $ | 7.7 |  |  | $ | (197.3) |  |  | $ | (582.3) |
Below is a summary of net changes in Accumulated OCI by component and net of tax for the nine months ended October 1, 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 | (247.6) |  |  | — |  |  | — |  |  | (247.6) |
Amounts reclassified from Accumulated OCI | — |  |  | (1.2) |  |  | 10.4 |  |  | 9.2 |
Net other comprehensive income (loss) | (247.6) |  |  | (1.2) |  |  | 10.4 |  |  | (238.4) |
Balance as of October 1, 2022 | $ | (392.7) |  |  | $ | 7.7 |  |  | $ | (197.3) |  |  | $ | (582.3) |
Schedule of Reclassifications Out of Accumulated OCI | The reclassifications out of Accumulated OCI for the three and nine month periods ended September 30, 2023, and October 1, 2022, are as follows:
| Amount Reclassified from Accumulated OCI |  |
| Three Months Ended |  | Nine Months Ended |  |
(Amounts in millions) | September 30, 2023 |  | October 1, 2022 |  | September 30, 2023 |  | October 1, 2022 |  | Statement of Earnings Presentation
Gains on cash flow hedges: |  |  |  |  |  |  |  |  |
Treasury locks | $ | 0.4 |  |  | $ | 0.4 |  |  | $ | 1.2 |  |  | $ | 1.2 |  |  | Interest expense
Income tax expense | — |  |  | — |  |  | — |  |  | — |  |  | Income tax expense
Net of tax | 0.4 |  |  | 0.4 |  |  | 1.2 |  |  | 1.2 |  |  |
Amortization of net unrecognized losses | $ | (0.1) |  |  | $ | (4.6) |  |  | $ | (0.2) |  |  | $ | (13.8) |  |  | See footnote below*
Income tax benefit | — |  |  | 1.2 |  |  | — |  |  | 3.4 |  |  | Income tax expense
Net of tax | (0.1) |  |  | (3.4) |  |  | (0.2) |  |  | (10.4) |  |  |
Total reclassifications for the period, net of tax | $ | 0.3 |  |  | $ | (3.0) |  |  | $ | 1.0 |  |  | $ | (9.2) |  |  |
* | These Accumulated OCI components are included in the computation of net periodic pension and postretirement health care costs; see Note 9 and Note 10 for additional information.

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