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Accumulated Other Comprehensive Income (Loss) | 3 Months Ended
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Mar. 30, 2024
Equity [Abstract] |
Accumulated Other Comprehensive Income (Loss) | 9. Accumulated Other Comprehensive Income (Loss) Total accumulated other comprehensive income (loss) consists of net income and other changes in business equity from transactions and other events from sources other than stockholders. It includes currency translation gains and losses, unrealized gains and losses from derivative instruments designated as cash flow hedges, and defined benefit plan adjustments. The after-tax components of and changes in accumulated other comprehensive (loss) income for the thirteen weeks ended March 30, 2024 and April 1, 2023 were as follows:
(In millions) |  | Foreign Currency Adjustments |  |  | Derivative Hedging Gain (Loss) |  |  | Defined Benefit Plan Adjustments |  |  | Accumulated Other Comprehensive Income (Loss) |
Balance at December 31, 2022 |  | $ | (12.1 | ) |  | $ | 93.5 |  |  | $ | (44.0 | ) |  | $ | 37.4 |
Amounts classified into accumulated other comprehensive (loss) income |  |  | 8.0 |  |  |  | (5.8 | ) |  |  | (0.2 | ) |  |  | 2.0 |
Other |  |  | — |  |  |  | — |  |  |  | 6.2 |  |  |  | 6.2 |
Amounts reclassified from accumulated other comprehensive (loss) income |  |  | — |  |  |  | (2.7 | ) |  |  | — |  |  |  | (2.7 | )
Net current-period other comprehensive (loss) income |  |  | 8.0 |  |  |  | (8.5 | ) |  |  | 6.0 |  |  |  | 5.5 |
Balance at April 1, 2023 |  | $ | (4.1 | ) |  | $ | 85.0 |  |  | $ | (38.0 | ) |  | $ | 42.9 |
Balance at December 30, 2023 |  | $ | 5.3 |  |  | $ | 86.0 |  |  | $ | (28.0 | ) |  | $ | 63.3 |
Amounts classified into accumulated other comprehensive (loss) income |  |  | (10.3 | ) |  |  | 1.0 |  |  |  | (0.2 | ) |  |  | (9.5 | )
Amounts reclassified from accumulated other comprehensive (loss) income |  |  | — |  |  |  | (2.5 | ) |  |  | — |  |  |  | (2.5 | )
Net current-period other comprehensive (loss) income |  |  | (10.3 | ) |  |  | (1.5 | ) |  |  | (0.2 | ) |  |  | (12.0 | )
Balance at March 30, 2024 |  | $ | (5.0 | ) |  | $ | 84.5 |  |  | $ | (28.2 | ) |  | $ | 51.3 |
The reclassifications out of accumulated other comprehensive loss for the thirteen weeks ended March 30, 2024 and April 1, 2023 were as follows:
(In millions)
Details about Accumulated Other Comprehensive Loss Components |  | Amount Reclassified from Accumulated Other Comprehensive Loss |  |  | Affected Line Item in the Statement of Comprehensive Income
|  | March 30, 2024 |  |  | April 1, 2023 |  |  |
Gains (losses) on cash flow hedges |  |  |  |  |  |  |  |
Foreign exchange contracts |  | $ | 0.1 |  |  | $ | 2.0 |  |  | Cost of products sold
Commodity contracts |  |  | — |  |  |  | 0.2 |  |  | Cost of products sold
Interest rate contracts |  |  | 3.2 |  |  |  | 1.1 |  |  | Interest expense
|  |  | 3.3 |  |  |  | 3.3 |  |  | Total before tax
|  |  | (0.8 | ) |  |  | (0.6 | ) |  | Tax expense
Total reclassifications for the period |  | $ | 2.5 |  |  | $ | 2.7 |  |  | Net of tax

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//220/tableOfContent + Details
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