Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 30, 2023

Summary 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 2023 and 2022:


(Amounts in millions)	Foreign Currency Translation		Cash Flow Hedges		Defined Benefit Pension and Postretirement Plans		Total
Balance at beginning of 2022	$	(145.1)	$	8.9	$	(207.7)	$	(343.9)
Other comprehensive loss before reclassifications	(127.4)		—		(69.0)		(196.4)
Amounts reclassified from Accumulated OCI	—		(1.6)		13.6		12.0
Net other comprehensive loss	(127.4)		(1.6)		(55.4)		(184.4)
Balance as of 2022 year end	$	(272.5)	$	7.3	$	(263.1)	$	(528.3)
Other comprehensive income before reclassifications	60.7		—		19.3		80.0
Amounts reclassified from Accumulated OCI	—		(1.6)		0.4		(1.2)
Net other comprehensive income (loss)	60.7		(1.6)		19.7		78.8
Balance as of 2023 year end	$	(211.8)	$	5.7	$	(243.4)	$	(449.5)

Schedule of Reclassifications Out of Accumulated OCI

The reclassifications out of Accumulated OCI in 2023 and 2022 are as follows:


	Amounts Reclassified from Accumulated OCI				Statement of Earnings Presentation
(Amounts in millions)	2023		2022




Gains on cash flow hedges:
Treasury locks	$	1.6	$	1.6	Interest expense
Income tax expense	—		—		Income tax expense
Net of tax	1.6		1.6
Amortization of net unrecognized losses and prior service credits	(0.5)		(18.1)		See footnote below*
Income tax benefit	0.1		4.5		Income tax expense
Net of tax	(0.4)		(13.6)
Total reclassifications for the period, net of tax	$	1.2	$	(12.0)

These Accumulated OCI components are included in the computation of net periodic pension and postretirement health care costs; see Note 11 and Note 12 for additional information.