XML 58 R46.htm IDEA: XBRL DOCUMENT v3.25.4
Accumulated Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 27, 2025
Equity [Abstract]  
Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

The reclassifications out of accumulated other comprehensive income (loss) for the years ended December 27, 2025 and December 28, 2024 were as follows:

 

(In millions)

 

 

 

 

 

 

 

 

Details about Accumulated Other
Comprehensive Income (Loss) Components

 

 

 

 

 

 

 

Affected Line Item in the
Consolidated Statements of Income

 

 

2025

 

 

2024

 

 

 

Gains (losses) on cash flow hedges

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

1.3

 

 

$

(0.4

)

 

Cost of products sold

Interest rate contracts

 

 

12.6

 

 

 

12.6

 

 

Interest expense

  Total before tax

 

 

13.9

 

 

 

12.2

 

 

 

  Tax expense

 

 

(3.2

)

 

 

(2.2

)

 

 

  Net of tax

 

$

10.7

 

 

$

10.0

 

 

 

Defined benefit plan items (a)

 

 

 

 

 

 

 

 

Recognition of actuarial (losses) gains

 

$

—

 

 

$

(18.3

)

 

Other (income) expense, net

  Tax benefit

 

 

—

 

 

 

6.2

 

 

 

  Net of tax

 

$

—

 

 

$

(12.1

)

 

 

Total reclassifications for the period, net of tax

 

$

10.7

 

 

$

(2.1

)

 

 

(a) These accumulated other comprehensive (loss) income components are included in the computation of net periodic benefit cost. Refer to Note 14, “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, 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

 

Amounts classified into accumulated other
   comprehensive (loss) income

 

32.4

 

 

0.2

 

 

(0.1

)

 

32.5

 

Amounts reclassified into earnings

 

—

 

 

(10.7

)

 

—

 

 

(10.7

)

Net current period other comprehensive (loss) income

 

32.4

 

 

(10.5

)

 

(0.1

)

 

21.8

 

Balance at December 27, 2025

$

6.8

 

$

67.6

 

$

(10.2

)

$

64.2