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Accumulated Other Comprehensive Income (Loss) (Tables) | 12 Months Ended
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Dec. 28, 2024
Equity [Abstract] |
Reclassifications Out of Accumulated Other Comprehensive Income (Loss) | The reclassifications out of accumulated other comprehensive income (loss) for the years ended December 28, 2024 and December 30, 2023 were as follows:
(In millions) |  |  |  |  |  |  |  |
Details about Accumulated Other Comprehensive Income (Loss) Components |  |  |  |  |  |  |  | Affected Line Item in the Consolidated Statements of Income
|  | 2024 |  |  | 2023 |  |  |
Gains (losses) on cash flow hedges |  |  |  |  |  |  |  |
Foreign exchange contracts |  | $ | (0.4 | ) |  | $ | 5.2 |  |  | Cost of products sold
Interest rate contracts |  |  | 12.6 |  |  |  | 9.0 |  |  | Interest expense
Commodity contracts |  |  | — |  |  |  | (0.2 | ) |  | Cost of products sold
Total before tax |  |  | 12.2 |  |  |  | 14.0 |  |  |
Tax expense |  |  | (2.2 | ) |  |  | (2.8 | ) |  |
Net of tax |  | $ | 10.0 |  |  | $ | 11.2 |  |  |
Defined benefit plan items (a) |  |  |  |  |  |  |  |
Recognition of actuarial (losses) gains |  | $ | (18.3 | ) |  | $ | 0.5 |  |  | Other expense (income), net
Tax benefit |  |  | 6.2 |  |  |  | 5.5 |  |  |
Net of tax |  | $ | (12.1 | ) |  | $ | 6.0 |  |  |
Total reclassifications for the period, net of tax |  | $ | (2.1 | ) |  | $ | 17.2 |  |  |
(a) These accumulated other comprehensive (loss) income components are included in the computation of net periodic benefit cost. Refer to Note 15, “Defined Benefit Plans,” for additional information.
After-Tax Components of and Changes in Accumulated Other Comprehensive (Loss) Income | The after-tax components of and changes in accumulated other comprehensive (loss) income were as follows:
(In millions) | Foreign Currency Adjustments |  | Derivative Hedging Gain (Loss) |  | Defined Benefit Plan Adjustments |  | Accumulated Other Comprehensive (Loss) Income |
Balance at December 31, 2021 | $ | 3.3 |  | $ | 2.9 |  | $ | (30.8 | ) | $ | (24.6 | )
Amounts classified into accumulated other comprehensive (loss) income |  | (23.4 | ) |  | 99.6 |  |  | (14.6 | ) |  | 61.6 |
Amounts reclassified into earnings |  | — |  |  | (6.2 | ) |  | (1.7 | ) |  | (7.9 | )
Net current period other comprehensive (loss) income |  | (23.4 | ) |  | 93.4 |  |  | (16.3 | ) |  | 53.7 |
Distribution of Masterbrand |  | 8.0 |  |  | (2.8 | ) |  | 3.1 |  |  | 8.3 |
Balance at December 31, 2022 | $ | (12.1 | ) | $ | 93.5 |  | $ | (44.0 | ) | $ | 37.4 |
Amounts classified into accumulated other comprehensive (loss) income |  | 17.4 |  |  | 3.7 |  |  | 15.8 |  |  | 36.9 |
Other |  | — |  |  | — |  |  | 6.2 |  |  | 6.2 |
Amounts reclassified into earnings |  | — |  |  | (11.2 | ) |  | (6.0 | ) |  | (17.2 | )
Net current period other comprehensive (loss) income |  | 17.4 |  |  | (7.5 | ) |  | 16.0 |  |  | 25.9 |
Balance at December 30, 2023 | $ | 5.3 |  | $ | 86.0 |  | $ | (28.0 | ) | $ | 63.3 |
Amounts classified into accumulated other comprehensive (loss) income |  | (30.9 | ) |  | 2.1 |  |  | 5.8 |  |  | (23.0 | )
Amounts reclassified into earnings |  | — |  |  | (10.0 | ) |  | 12.1 |  |  | 2.1 |
Net current period other comprehensive (loss) income |  | (30.9 | ) |  | (7.9 | ) |  | 17.9 |  |  | (20.9 | )
Balance at December 28, 2024 | $ | (25.6 | ) | $ | 78.1 |  | $ | (10.1 | ) | $ | 42.4 |

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