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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
12 Months Ended
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 taxGains (losses) on net investment hedges, net of taxPension (losses) gains, net of taxTotal
Balance - December 31, 2022$(1,907.4)$(44.5)$73.8 $(241.4)$(2,119.5)
Other comprehensive income (loss) before reclassifications75.1 (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)20242023
Components of Accumulated other comprehensive lossReclassification adjustmentsReclassification adjustmentsAffected line item in Consolidated Statements of Operations
Realized gains (losses) on cash flow hedges$2.0 $(0.6)Cost of sales
Realized losses on cash flow hedges(6.1)(6.1)Interest expense
Total before taxes(4.1)(6.7)
Tax effect2.6 3.1 Income taxes
Realized losses on cash flow hedges, net of tax$(1.5)$(3.6)
Actuarial losses and prior service costs / credits$(11.1)$(11.1)Other, net
Settlement losses
(3.5)(1.0)Other, net
Total before taxes(14.6)(12.1)
Tax effect2.8 3.0 Income taxes
Amortization of defined benefit pension items, net of tax$(11.8)$(9.1)