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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables) | 9 Months Ended
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Sep. 27, 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 nine months ended September 27, 2025:
(Millions of Dollars) |  | Currency translation adjustment and other |  | Cash flow hedges, net of tax |  | Net investment hedges, net of tax |  | Pension and other postretirement benefits, net of tax |  | Total
Balance - June 28, 2025 |  | $ | (1,745.3) |  |  | $ | (59.4) |  |  | $ | 43.8 |  |  | $ | (217.5) |  |  | $ | (1,978.4) |
Other comprehensive (loss) income before reclassifications |  | (58.4) |  |  | 12.9 |  |  | 7.9 |  |  | 3.5 |  |  | (34.1) |
Reclassification adjustments to earnings |  | — |  |  | 1.8 |  |  | (2.2) |  |  | 4.6 |  |  | 4.2 |
Net other comprehensive (loss) income |  | (58.4) |  |  | 14.7 |  |  | 5.7 |  |  | 8.1 |  |  | (29.9) |
Balance - September 27, 2025 |  | $ | (1,803.7) |  |  | $ | (44.7) |  |  | $ | 49.5 |  |  | $ | (209.4) |  |  | $ | (2,008.3) |
(Millions of Dollars) |  | Currency translation adjustment and other |  | Cash flow hedges, net of tax |  | Net investment hedges, net of tax |  | Pension and other postretirement benefits, net of tax |  | Total
Balance - December 28, 2024 |  | $ | (2,170.2) |  |  | $ | (16.7) |  |  | $ | 78.4 |  |  | $ | (212.4) |  |  | $ | (2,320.9) |
Other comprehensive income (loss) before reclassifications |  | 366.5 |  |  | (26.2) |  |  | (26.7) |  |  | (4.8) |  |  | 308.8 |
Reclassification adjustments to earnings |  | — |  |  | (1.8) |  |  | (2.2) |  |  | 7.8 |  |  | 3.8 |
Net other comprehensive income (loss) |  | 366.5 |  |  | (28.0) |  |  | (28.9) |  |  | 3.0 |  |  | 312.6 |
Balance - September 27, 2025 |  | $ | (1,803.7) |  |  | $ | (44.7) |  |  | $ | 49.5 |  |  | $ | (209.4) |  |  | $ | (2,008.3) |
The following tables summarize the changes in the balances for each component of Accumulated other comprehensive loss for the three and nine months ended September 28, 2024:
(Millions of Dollars) |  | Currency translation adjustment and other |  | Cash flow hedges, net of tax |  | Net investment hedges, net of tax |  | Pension and other postretirement benefits, net of tax |  | Total
Balance - June 29, 2024 |  | $ | (2,016.9) |  |  | $ | (35.3) |  |  | $ | 72.8 |  |  | $ | (253.1) |  |  | $ | (2,232.5) |
Other comprehensive income (loss) before reclassifications |  | 166.8 |  |  | (12.8) |  |  | (11.3) |  |  | (8.8) |  |  | 133.9 |
Reclassification adjustments to earnings |  | — |  |  | 0.6 |  |  | — |  |  | 2.6 |  |  | 3.2 |
Net other comprehensive income (loss) |  | 166.8 |  |  | (12.2) |  |  | (11.3) |  |  | (6.2) |  |  | 137.1 |
Balance - September 28, 2024 |  | $ | (1,850.1) |  |  | $ | (47.5) |  |  | $ | 61.5 |  |  | $ | (259.3) |  |  | $ | (2,095.4) |
(Millions of Dollars) |  | Currency translation adjustment and other |  | Cash flow hedges, net of tax |  | Net investment hedges, net of tax |  | Pension and other postretirement benefits, 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) |
Schedule of Reclassifications out of Accumulated Other Comprehensive Loss | The reclassifications out of Accumulated other comprehensive loss for the three and nine months ended September 27, 2025 and September 28, 2024 were as follows:
|  | Third Quarter |  | Year-to-Date |  | Affected line item in Consolidated Statements of Operations And Comprehensive Income
(Millions of Dollars) |  | 2025 |  | 2024 |  | 2025 |  | 2024 |
Realized (losses) gains on cash flow hedges |  | $ | (1.6) |  |  | $ | 0.5 |  |  | $ | 7.1 |  |  | $ | 2.1 |  |  | Cost of sales
Realized losses on cash flow hedges |  | (1.2) |  |  | (1.5) |  |  | (3.7) |  |  | (4.6) |  |  | Interest expense
Total before taxes |  | $ | (2.8) |  |  | $ | (1.0) |  |  | $ | 3.4 |  |  | $ | (2.5) |  |  |
Tax effect |  | 1.0 |  |  | 0.4 |  |  | (1.6) |  |  | 1.1 |  |  | Income taxes
Realized (losses) gains on cash flow hedges, net of tax |  | $ | (1.8) |  |  | $ | (0.6) |  |  | $ | 1.8 |  |  | $ | (1.4) |  |  |
Realized gains on net investment hedges |  | $ | 2.9 |  |  | $ | — |  |  | $ | 2.9 |  |  | $ | — |  |  | Other, net
Tax effect |  | (0.7) |  |  | — |  |  | (0.7) |  |  | — |  |  | Income taxes
Realized gains on net investment hedges, net of tax |  | $ | 2.2 |  |  | $ | — |  |  | $ | 2.2 |  |  | $ | — |  |  |
Amortization of defined benefit pension items: |  |  |  |  |  |  |  |  |  |
Actuarial losses and prior service costs / credits |  | $ | (2.2) |  |  | $ | (2.7) |  |  | $ | (6.4) |  |  | $ | (8.3) |  |  | Other, net
Settlement loss |  | (4.2) |  |  | (0.6) |  |  | (4.2) |  |  | (0.7) |  |  | Other, net
Total before taxes |  | $ | (6.4) |  |  | $ | (3.3) |  |  | $ | (10.6) |  |  | $ | (9.0) |  |  |
Tax effect |  | 1.8 |  |  | 0.7 |  |  | 2.8 |  |  | 2.1 |  |  | Income taxes
Amortization of defined benefit pension items, net of tax |  | $ | (4.6) |  |  | $ | (2.6) |  |  | $ | (7.8) |  |  | $ | (6.9) |  |  |

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