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Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 27, 2025
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)

9. Accumulated Other Comprehensive Income (Loss)

 

Total accumulated other comprehensive income (loss) consists of net income (loss) 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 thirty-nine and thirteen weeks ended September 27, 2025 and September 28, 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

 

 

(0.4

)

 

 

(0.2

)

 

 

(0.7

)

 

 

(1.3

)

Amounts reclassified from accumulated other
   comprehensive (loss) income

 

 

-

 

 

 

(7.5

)

 

 

(0.2

)

 

 

(7.7

)

Net current-period other comprehensive (loss) income

 

 

(0.4

)

 

 

(7.7

)

 

 

(0.9

)

 

 

(9.0

)

Balance at September 28, 2024

 

$

4.9

 

 

$

78.3

 

 

$

(28.9

)

 

$

54.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 28, 2024

 

$

(25.6

)

 

$

78.1

 

 

$

(10.1

)

 

$

42.4

 

Amounts classified into accumulated other
   comprehensive (loss) income

 

 

25.5

 

 

 

2.4

 

 

 

1.1

 

 

 

29.0

 

Amounts reclassified from accumulated other
   comprehensive (loss) income

 

 

-

 

 

 

(10.1

)

 

 

-

 

 

 

(10.1

)

Net current-period other comprehensive (loss) income

 

 

25.5

 

 

 

(7.7

)

 

 

1.1

 

 

 

18.9

 

Balance at September 27, 2025

 

$

(0.1

)

 

$

70.4

 

 

$

(9.0

)

 

$

61.3

 

 

(In millions)

 

Foreign
Currency
Adjustments

 

 

Derivative
Hedging
Gain (Loss)

 

 

Defined
Benefit
Plan
Adjustments

 

 

Accumulated
Other
Comprehensive
Loss

 

Balance at June 29, 2024

 

$

(11.5

)

 

$

82.6

 

 

$

(28.1

)

 

$

43.0

 

Amounts classified into accumulated other
   comprehensive (loss) income

 

 

16.4

 

 

 

(1.9

)

 

 

(0.6

)

 

 

13.9

 

Amounts reclassified from accumulated other
   comprehensive (loss) income

 

 

-

 

 

 

(2.4

)

 

 

(0.2

)

 

 

(2.6

)

Net current-period other comprehensive (loss) income

 

 

16.4

 

 

 

(4.3

)

 

 

(0.8

)

 

 

11.3

 

Balance at September 28, 2024

 

$

4.9

 

 

$

78.3

 

 

$

(28.9

)

 

$

54.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at June 28, 2025

 

$

6.3

 

 

$

73.0

 

 

$

(9.0

)

 

$

70.3

 

Amounts classified into accumulated other
   comprehensive (loss) income

 

 

(6.4

)

 

 

1.2

 

 

 

-

 

 

 

(5.2

)

Amounts reclassified from accumulated other
   comprehensive (loss) income

 

 

-

 

 

 

(3.8

)

 

 

-

 

 

 

(3.8

)

Net current-period other comprehensive (loss) income

 

 

(6.4

)

 

 

(2.6

)

 

 

-

 

 

 

(9.0

)

Balance at September 27, 2025

 

$

(0.1

)

 

$

70.4

 

 

$

(9.0

)

 

$

61.3

 

 

 

The reclassifications out of accumulated other comprehensive loss for the thirty-nine and thirteen weeks ended September 27, 2025 and September 28, 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

 

 

Thirty-Nine Weeks Ended September 27, 2025

 

 

Thirty-Nine Weeks Ended September 28, 2024

 

 

 

Gains (losses) on cash flow hedges

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

0.8

 

 

$

0.4

 

 

Cost of products sold

Interest rate contracts

 

 

9.4

 

 

 

9.4

 

 

Interest expense

Total before tax

 

 

10.2

 

 

 

9.8

 

 

 

Tax expense

 

 

(0.1

)

 

 

(2.3

)

 

 

Net of tax

 

$

10.1

 

 

$

7.5

 

 

 

Defined benefit plan items

 

 

 

 

 

 

 

 

Recognition of actuarial losses

 

$

-

 

 

$

0.3

 

 

Other (income) expense, net

Total before tax

 

 

-

 

 

 

0.3

 

 

 

Tax expense

 

 

-

 

 

 

(0.1

)

 

 

Net of tax

 

$

-

 

 

$

0.2

 

 

 

Total reclassifications for the period, net of tax

 

$

10.1

 

 

$

7.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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 September 27, 2025

 

 

Thirteen Weeks Ended September 28, 2024

 

 

 

Gains (losses) on cash flow hedges

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

0.8

 

 

$

-

 

 

Cost of products sold

Interest rate contracts

 

 

3.1

 

 

 

3.1

 

 

Interest expense

Total before tax

 

 

3.9

 

 

 

3.1

 

 

 

Tax expense

 

 

(0.1

)

 

 

(0.7

)

 

 

Total reclassifications for the period

 

$

3.8

 

 

$

2.4

 

 

 

Defined benefit plan items

 

 

 

 

 

 

 

 

Recognition of actuarial losses

 

$

-

 

 

$

0.3

 

 

Other (income) expense, net

Total before tax

 

 

-

 

 

 

0.3

 

 

 

Tax expense

 

 

-

 

 

 

(0.1

)

 

 

Net of tax

 

$

-

 

 

$

0.2

 

 

 

Total reclassifications for the period, net of tax

 

$

3.8

 

 

$

2.6