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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables) | 12 Months Ended
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Dec. 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 table summarizes the changes in the accumulated 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 31, 2022 | $ | (1,907.4) |  |  | $ | (44.5) |  |  | $ | 73.8 |  |  | $ | (241.4) |  |  | $ | (2,119.5) |
Other comprehensive income (loss) before reclassifications | 75.1 |  |  | (1.6) |  |  | (8.9) |  |  | (26.9) |  |  | 37.7 |
Reclassification adjustments to earnings | — |  |  | 3.6 |  |  | — |  |  | 9.1 |  |  | 12.7 |
Net other comprehensive income (loss) | 75.1 |  |  | 2.0 |  |  | (8.9) |  |  | (17.8) |  |  | 50.4 |
Balance - December 30, 2023 | $ | (1,832.3) |  |  | $ | (42.5) |  |  | $ | 64.9 |  |  | $ | (259.2) |  |  | $ | (2,069.1) |
Other comprehensive (loss) income before reclassifications | (331.9) |  |  | 24.3 |  |  | 13.5 |  |  | 35.0 |  |  | (259.1) |
Adjustments related to sales of businesses | (6.0) |  |  | — |  |  | — |  |  | — |  |  | (6.0) |
Reclassification adjustments to earnings | — |  |  | 1.5 |  |  | — |  |  | 11.8 |  |  | 13.3 |
Net other comprehensive (loss) income | (337.9) |  |  | 25.8 |  |  | 13.5 |  |  | 46.8 |  |  | (251.8) |
Balance - December 28, 2024 | $ | (2,170.2) |  |  | $ | (16.7) |  |  | $ | 78.4 |  |  | $ | (212.4) |  |  | $ | (2,320.9) |
Schedule of Reclassifications out of Accumulated Other Comprehensive Loss | The reclassifications out of Accumulated other comprehensive loss for the years ended December 28, 2024 and December 30, 2023 were as follows:
(Millions of Dollars) |  | 2024 |  | 2023 |  |
Components of Accumulated other comprehensive loss |  | Reclassification adjustments |  | Reclassification adjustments |  | Affected line item in Consolidated Statements of Operations
Realized gains (losses) on cash flow hedges |  | $ | 2.0 |  |  | $ | (0.6) |  |  | Cost of sales
Realized losses on cash flow hedges |  | (6.1) |  |  | (6.1) |  |  | Interest expense
Total before taxes |  | (4.1) |  |  | (6.7) |  |  |
Tax effect |  | 2.6 |  |  | 3.1 |  |  | Income taxes
Realized losses on cash flow hedges, net of tax |  | $ | (1.5) |  |  | $ | (3.6) |  |  |
Actuarial losses and prior service costs / credits |  | $ | (11.1) |  |  | $ | (11.1) |  |  | Other, net
Settlement losses |  | (3.5) |  |  | (1.0) |  |  | Other, net
Total before taxes |  | (14.6) |  |  | (12.1) |  |  |
Tax effect |  | 2.8 |  |  | 3.0 |  |  | Income taxes
Amortization of defined benefit pension items, net of tax |  | $ | (11.8) |  |  | $ | (9.1) |  |  |

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