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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
 6 Months Ended
Jun. 28, 2025
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 for the three and six months ended June 28, 2025:
(Millions of Dollars)Currency translation adjustment and otherLosses on cash flow hedges, net of taxGains (losses) on net investment hedges, net of taxPension (losses) gains, net of taxTotal
Balance - March 29, 2025$(2,033.7)$(25.7)$80.4 $(213.5)$(2,192.5)
Other comprehensive income (loss) before reclassifications288.4 (31.0)(36.6)(5.6)215.2 
Reclassification adjustments to earnings— (2.7)— 1.6 (1.1)
Net other comprehensive income (loss)288.4 (33.7)(36.6)(4.0)214.1 
Balance - June 28, 2025$(1,745.3)$(59.4)$43.8 $(217.5)$(1,978.4)

(Millions of Dollars)Currency translation adjustment and otherLosses on cash flow hedges, net of taxGains (losses) on net investment hedges, net of taxPension (losses) gains, net of taxTotal
Balance - December 28, 2024$(2,170.2)$(16.7)$78.4 $(212.4)$(2,320.9)
Other comprehensive income (loss) before reclassifications424.9 (39.1)(34.6)(8.3)342.9 
Reclassification adjustments to earnings— (3.6)— 3.2 (0.4)
Net other comprehensive income (loss)424.9 (42.7)(34.6)(5.1)342.5 
Balance - June 28, 2025$(1,745.3)$(59.4)$43.8 $(217.5)$(1,978.4)

The following tables summarize the changes in the balances for each component of Accumulated other comprehensive loss for the three and six months ended June 29, 2024:
(Millions of Dollars)Currency translation adjustment and other(Losses) gains on cash flow hedges, net of taxGains on net investment hedges, net of taxPension (losses) gains, net of taxTotal
Balance - March 30, 2024$(1,963.1)$(37.5)$71.4 $(256.1)$(2,185.3)
Other comprehensive (loss) income before reclassifications(47.8)1.3 1.4 0.8 (44.3)
Adjustments related to sales of businesses(6.0)— — — (6.0)
Reclassification adjustments to earnings— 0.9 — 2.2 3.1 
Net other comprehensive (loss) income(53.8)2.2 1.4 3.0 (47.2)
Balance - June 29, 2024$(2,016.9)$(35.3)$72.8 $(253.1)$(2,232.5)

(Millions of Dollars)Currency translation adjustment and other(Losses) gains on cash flow hedges, net of taxGains on net investment hedges, net of taxPension (losses) gains, net of taxTotal
Balance - December 30, 2023$(1,832.3)$(42.5)$64.9 $(259.2)$(2,069.1)
Other comprehensive (loss) income before reclassifications(178.6)6.4 7.9 1.8 (162.5)
Adjustments related to sales of businesses(6.0)— — — (6.0)
Reclassification adjustments to earnings— 0.8 — 4.3 5.1 
Net other comprehensive (loss) income(184.6)7.2 7.9 6.1 (163.4)
Balance - June 29, 2024$(2,016.9)$(35.3)$72.8 $(253.1)$(2,232.5)
Schedule of Reclassifications out of Accumulated Other Comprehensive Loss The reclassifications out of Accumulated other comprehensive loss for the three and six months ended June 28, 2025 and June 29, 2024 were as follows:
Second QuarterYear-to-DateAffected line item in Consolidated Statements of Operations And Comprehensive Income (Loss)
(Millions of Dollars)2025202420252024
Realized gains (losses) on cash flow hedges$5.1 $(0.1)$8.7 $1.6 Cost of sales
Realized losses on cash flow hedges(0.8)(1.6)(2.5)(3.1)Interest expense
Total before taxes$4.3 $(1.7)$6.2 $(1.5)
Tax effect(1.6)0.8 (2.6)0.7 Income taxes
Realized gains (losses) on cash flow hedges, net of tax$2.7 $(0.9)$3.6 $(0.8)
Amortization of defined benefit pension items:
Actuarial losses and prior service costs / credits$(2.1)$(2.8)$(4.2)$(5.6)Other, net
Settlement loss— (0.1)— (0.1)Other, net
Total before taxes$(2.1)$(2.9)$(4.2)$(5.7)
Tax effect0.5 0.7 1.0 1.4 Income taxes
Amortization of defined benefit pension items, net of tax$(1.6)$(2.2)$(3.2)$(4.3)