Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 28, 2024

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 2024 and 2023:


(Amounts in millions)	Foreign Currency Translation		Cash Flow Hedges		Defined Benefit Pension and Postretirement Plans		Total
Balance at beginning of 2023	$	(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)
Other comprehensive loss before reclassifications	(108.8)		—		(21.1)		(129.9)
Amounts reclassified from Accumulated OCI	—		(1.7)		6.1		4.4
Net other comprehensive loss	(108.8)		(1.7)		(15.0)		(125.5)
Balance as of 2024 year end	$	(320.6)	$	4.0	$	(258.4)	$	(575.0)

Schedule of Reclassifications Out of Accumulated OCI

The reclassifications out of Accumulated OCI in 2024 and 2023 are as follows:


	Amounts Reclassified from Accumulated OCI				Statement of Earnings Presentation
(Amounts in millions)	2024		2023




Gains on cash flow hedges:
Treasury locks	$	1.7	$	1.6	Interest expense
Income tax expense	—		—		Income tax expense
Net of tax	1.7		1.6
Amortization of net unrecognized losses and prior service credits	(8.1)		(0.5)		See footnote below*
Income tax benefit	2.0		0.1		Income tax expense
Net of tax	(6.1)		(0.4)
Total reclassifications for the period, net of tax	$	(4.4)	$	1.2

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.