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Accumulated Other Comprehensive Income (Loss) (Tables) | 6 Months Ended
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Jun. 28, 2025
Equity [Abstract] |
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 for the twenty-six and thirteen weeks ended June 28, 2025, and June 29, 2024, were as follows:
(In millions) |  | Foreign Currency Adjustments |  |  | Derivative Hedging Gain (Loss) |  |  | Defined Benefit Plan Adjustments |  |  | Accumulated Other Comprehensive Loss |
Balance at December 30, 2023 |  | $ | 5.3 |  |  | $ | 86.0 |  |  | $ | (28.0 | ) |  | $ | 63.3 |
Amounts classified into accumulated other comprehensive (loss) income |  |  | (16.8 | ) |  |  | 1.7 |  |  |  | (0.1 | ) |  |  | (15.2 | )
Amounts reclassified from accumulated other comprehensive (loss) income |  |  | - |  |  |  | (5.1 | ) |  |  | - |  |  |  | (5.1 | )
Net current-period other comprehensive (loss) income |  |  | (16.8 | ) |  |  | (3.4 | ) |  |  | (0.1 | ) |  |  | (20.3 | )
Balance at June 29, 2024 |  | $ | (11.5 | ) |  | $ | 82.6 |  |  | $ | (28.1 | ) |  | $ | 43.0 |
Balance at December 28, 2024 |  | $ | (25.6 | ) |  | $ | 78.1 |  |  | $ | (10.1 | ) |  | $ | 42.4 |
Amounts classified into accumulated other comprehensive (loss) income |  |  | 31.9 |  |  |  | 1.2 |  |  |  | 1.1 |  |  |  | 34.2 |
Amounts reclassified from accumulated other comprehensive (loss) income |  |  | - |  |  |  | (6.3 | ) |  |  | - |  |  |  | (6.3 | )
Net current-period other comprehensive (loss) income |  |  | 31.9 |  |  |  | (5.1 | ) |  |  | 1.1 |  |  |  | 27.9 |
Balance at June 28, 2025 |  | $ | 6.3 |  |  | $ | 73.0 |  |  | $ | (9.0 | ) |  | $ | 70.3 |
(In millions) |  | Foreign Currency Adjustments |  |  | Derivative Hedging Gain (Loss) |  |  | Defined Benefit Plan Adjustments |  |  | Accumulated Other Comprehensive Loss |
Balance at March 30, 2024 |  | $ | (5.0 | ) |  | $ | 84.5 |  |  | $ | (28.2 | ) |  | $ | 51.3 |
Amounts classified into accumulated other comprehensive (loss) income |  |  | (6.5 | ) |  |  | 0.7 |  |  |  | 0.1 |  |  |  | (5.7 | )
Amounts reclassified from accumulated other comprehensive (loss) income |  |  | - |  |  |  | (2.6 | ) |  |  | - |  |  |  | (2.6 | )
Net current-period other comprehensive (loss) income |  |  | (6.5 | ) |  |  | (1.9 | ) |  |  | 0.1 |  |  |  | (8.3 | )
Balance at June 29, 2024 |  | $ | (11.5 | ) |  | $ | 82.6 |  |  | $ | (28.1 | ) |  | $ | 43.0 |
Balance at March 29, 2025 |  | $ | (17.2 | ) |  | $ | 75.1 |  |  | $ | (9.2 | ) |  | $ | 48.7 |
Amounts classified into accumulated other comprehensive (loss) income |  |  | 23.5 |  |  |  | 1.4 |  |  |  | 0.2 |  |  |  | 25.1 |
Amounts reclassified from accumulated other comprehensive (loss) income |  |  | - |  |  |  | (3.5 | ) |  |  | - |  |  |  | (3.5 | )
Net current-period other comprehensive (loss) income |  |  | 23.5 |  |  |  | (2.1 | ) |  |  | 0.2 |  |  |  | 21.6 |
Balance at June 28, 2025 |  | $ | 6.3 |  |  | $ | 73.0 |  |  | $ | (9.0 | ) |  | $ | 70.3 |
Reclassifications Out of Accumulated Other Comprehensive (Loss) Income | The reclassifications out of accumulated other comprehensive loss for the twenty-six and thirteen weeks ended June 28, 2025, and June 29, 2024, 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
|  | Twenty-Six Weeks Ended June 28, 2025 |  |  | Twenty-Six Weeks Ended June 29, 2024 |  |  |
Gains (losses) on cash flow hedges |  |  |  |  |  |  |  |
Foreign exchange contracts |  | $ | - |  |  | $ | 0.4 |  |  | Cost of products sold
Interest rate contracts |  |  | 6.3 |  |  |  | 6.3 |  |  | Interest expense
Total before tax |  |  | 6.3 |  |  |  | 6.7 |  |  |
Tax expense |  |  | - |  |  |  | (1.6 | ) |  |
Total reclassifications for the period |  | $ | 6.3 |  |  | $ | 5.1 |  |  |
(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
|  | Thirteen Weeks Ended June 28, 2025 |  |  | Thirteen Weeks Ended June 29, 2024 |  |  |
Gains (losses) on cash flow hedges |  |  |  |  |  |  |  |
Foreign exchange contracts |  | $ | 0.4 |  |  | $ | 0.3 |  |  | Cost of products sold
Interest rate contracts |  |  | 3.2 |  |  |  | 3.1 |  |  | Interest expense
Total before tax |  |  | 3.6 |  |  |  | 3.4 |  |  |
Tax expense |  |  | (0.1 | ) |  |  | (0.8 | ) |  |
Total reclassifications for the period |  | $ | 3.5 |  |  | $ | 2.6 |  |  |

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