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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables) | 9 Months Ended
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Sep. 28, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Schedule of Changes in Balances to Components of Accumulated Other Comprehensive Loss | The following tables summarize the changes in the balances for each component of Accumulated other comprehensive loss:
(Millions of Dollars) |  | Currency translation adjustment and other |  | (Losses) gains on cash flow hedges, net of tax |  | Gains (losses) on net investment hedges, net of tax |  | Pension (losses) gains, net of tax |  | Total
Balance - December 30, 2023 |  | $ | (1,832.3) |  |  | $ | (42.5) |  |  | $ | 64.9 |  |  | $ | (259.2) |  |  | $ | (2,069.1) |
Other comprehensive loss before reclassifications |  | (11.8) |  |  | (6.4) |  |  | (3.4) |  |  | (7.0) |  |  | (28.6) |
Adjustments related to sales of businesses |  | (6.0) |  |  | — |  |  | — |  |  | — |  |  | (6.0) |
Reclassification adjustments to earnings |  | — |  |  | 1.4 |  |  | — |  |  | 6.9 |  |  | 8.3 |
Net other comprehensive loss |  | (17.8) |  |  | (5.0) |  |  | (3.4) |  |  | (0.1) |  |  | (26.3) |
Balance - September 28, 2024 |  | $ | (1,850.1) |  |  | $ | (47.5) |  |  | $ | 61.5 |  |  | $ | (259.3) |  |  | $ | (2,095.4) |
(Millions of Dollars) |  | Currency translation adjustment and other |  | (Losses) gains on cash flow hedges, net of tax |  | Gains on net investment hedges, net of tax |  | Pension (losses) gains, net of tax |  | Total
Balance - December 31, 2022 |  | $ | (1,907.4) |  |  | $ | (44.5) |  |  | $ | 73.8 |  |  | $ | (241.4) |  |  | $ | (2,119.5) |
Other comprehensive (loss) income before reclassifications |  | (108.6) |  |  | 6.1 |  |  | 7.0 |  |  | (2.5) |  |  | (98.0) |
Reclassification adjustments to earnings |  | — |  |  | 2.9 |  |  | — |  |  | 7.0 |  |  | 9.9 |
Net other comprehensive (loss) income |  | (108.6) |  |  | 9.0 |  |  | 7.0 |  |  | 4.5 |  |  | (88.1) |
Balance - September 30, 2023 |  | $ | (2,016.0) |  |  | $ | (35.5) |  |  | $ | 80.8 |  |  | $ | (236.9) |  |  | $ | (2,207.6) |
Schedule of Reclassifications out of Accumulated Other Comprehensive Loss | The reclassifications out of Accumulated other comprehensive loss for the nine months ended September 28, 2024 and September 30, 2023 were as follows:
(Millions of Dollars) |  | 2024 |  | 2023 |  | Affected line item in Consolidated Statements of Operations And Comprehensive Income (Loss)
Realized gains (losses) on cash flow hedges |  | $ | 2.1 |  |  | $ | (1.1) |  |  | Cost of sales
Realized losses on cash flow hedges |  | (4.6) |  |  | (4.6) |  |  | Interest expense
Total before taxes |  | $ | (2.5) |  |  | $ | (5.7) |  |  |
Tax effect |  | 1.1 |  |  | 2.8 |  |  | Income taxes
Realized losses on cash flow hedges, net of tax |  | $ | (1.4) |  |  | $ | (2.9) |  |  |
Amortization of defined benefit pension items: |  |  |  |  |  |
Actuarial losses and prior service costs / credits |  | $ | (8.3) |  |  | $ | (8.3) |  |  | Other, net
Settlement loss |  | (0.7) |  |  | (0.6) |  |  | Other, net
Total before taxes |  | $ | (9.0) |  |  | $ | (8.9) |  |  |
Tax effect |  | 2.1 |  |  | 1.9 |  |  | Income taxes
Amortization of defined benefit pension items, net of tax |  | $ | (6.9) |  |  | $ | (7.0) |  |  |

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