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Accumulated Other Comprehensive Income (Loss) (Tables)
9 Months Ended
Sep. 28, 2024
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 28, 2024:
(Amounts in millions)Foreign
Currency
Translation
Cash Flow
Hedges
Defined
Benefit
Pension and
Postretirement
Plans
Total
Balance as of June 29, 2024$(269.4)$4.9 $(240.3)$(504.8)
Other comprehensive income before reclassifications79.0 — — 79.0 
Amounts reclassified from Accumulated OCI— (0.4)1.5 1.1 
Net other comprehensive income (loss)79.0 (0.4)1.5 80.1 
Balance as of September 28, 2024$(190.4)$4.5 $(238.8)$(424.7)
Below is a summary of net changes in Accumulated OCI by component and net of tax for the nine months ended September 28, 2024:

(Amounts in millions)Foreign
Currency
Translation
Cash Flow
Hedges
Defined
Benefit
Pension and
Postretirement
Plans
Total
Balance as of December 30, 2023$(211.8)$5.7 $(243.4)$(449.5)
Other comprehensive income before reclassifications21.4 — — 21.4 
Amounts reclassified from Accumulated OCI— (1.2)4.6 3.4 
Net other comprehensive income (loss)21.4 (1.2)4.6 24.8 
Balance as of September 28, 2024$(190.4)$4.5 $(238.8)$(424.7)
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)
Schedule of Reclassifications Out of Accumulated OCI
The reclassifications out of Accumulated OCI for the three and nine month periods ended September 28, 2024, and September 30, 2023, are as follows:
Amount Reclassified from Accumulated OCI
Three Months EndedNine Months Ended
(Amounts in millions)September 28, 2024September 30, 2023September 28, 2024September 30, 2023Statement 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 tax0.4 0.4 1.2 1.2 
Amortization of net unrecognized losses
$(2.0)$(0.1)$(6.0)$(0.2)See footnote below*
Income tax benefit0.5 — 1.4 — Income tax expense
Net of tax(1.5)(0.1)(4.6)(0.2)
Total reclassifications for the period, net of tax
$(1.1)$0.3 $(3.4)$1.0 
*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 additional information.