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Accumulated Other Comprehensive Income (Loss) (Tables)
6 Months Ended
Jun. 28, 2025
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 June 28, 2025:
(Amounts in millions)Foreign
Currency
Translation
Cash Flow
Hedges
Defined
Benefit
Pension and
Postretirement
Plans
Total
Balance as of March 29, 2025$(248.6)$3.6 $(254.5)$(499.5)
Other comprehensive income before reclassifications93.4 — — 93.4 
Amounts reclassified from Accumulated OCI— (0.4)4.0 3.6 
Net other comprehensive income (loss)93.4 (0.4)4.0 97.0 
Balance as of June 28, 2025$(155.2)$3.2 $(250.5)$(402.5)
Below is a summary of net changes in Accumulated OCI by component and net of tax for the six months ended June 28, 2025:
(Amounts in millions)Foreign
Currency
Translation
Cash Flow
Hedges
Defined
Benefit
Pension and
Postretirement
Plans
Total
Balance as of December 28, 2024$(320.6)$4.0 $(258.4)$(575.0)
Other comprehensive income before reclassifications165.4 — — 165.4 
Amounts reclassified from Accumulated OCI— (0.8)7.9 7.1 
Net other comprehensive income (loss)165.4 (0.8)7.9 172.5 
Balance as of June 28, 2025$(155.2)$3.2 $(250.5)$(402.5)
Below is a summary of net changes in Accumulated OCI by component and net of tax for the three months ended June 29, 2024:
(Amounts in millions)Foreign
Currency
Translation
Cash Flow
Hedges
Defined
Benefit
Pension and
Postretirement
Plans
Total
Balance as of March 30, 2024$(256.6)$5.3 $(242.0)$(493.3)
Other comprehensive loss before reclassifications(12.8)— — (12.8)
Amounts reclassified from Accumulated OCI— (0.4)1.7 1.3 
Net other comprehensive income (loss)(12.8)(0.4)1.7 (11.5)
Balance as of June 29, 2024$(269.4)$4.9 $(240.3)$(504.8)
Below is a summary of net changes in Accumulated OCI by component and net of tax for the six months ended June 29, 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 loss before reclassifications(57.6)— — (57.6)
Amounts reclassified from Accumulated OCI— (0.8)3.1 2.3 
Net other comprehensive income (loss)(57.6)(0.8)3.1 (55.3)
Balance as of June 29, 2024$(269.4)$4.9 $(240.3)$(504.8)
Schedule of Reclassifications Out of Accumulated OCI
The reclassifications out of Accumulated OCI for the three and six month periods ended June 28, 2025, and June 29, 2024, are as follows:
Amount Reclassified from Accumulated OCI
Three Months EndedSix Months Ended
(Amounts in millions)June 28, 2025June 29, 2024June 28, 2025June 29, 2024Statement of Earnings
Presentation
Gains on cash flow hedges:
Treasury locks$0.4 $0.4 $0.8 $0.8 Interest expense
Income tax expense— — — — Income tax expense
Net of tax0.4 0.4 0.8 0.8 
Amortization of net unrecognized losses:
$(5.4)$(2.2)$(10.6)$(4.0)See footnote below*
Income tax benefit1.4 0.5 2.7 0.9 Income tax expense
Net of tax(4.0)(1.7)(7.9)(3.1)
Total reclassifications for the period, net of tax
$(3.6)$(1.3)$(7.1)$(2.3)
*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.