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Comprehensive Income (Loss) and Equity (Tables) | 9 Months Ended
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Oct. 02, 2021
Equity [Abstract] |
Summary of Changes, Net of Tax, in Accumulated Other Comprehensive Loss | A summary of changes, net of tax, in accumulated other comprehensive loss for the three and nine months ended October 2, 2021, is shown below (in millions):
| Three Months Ended October 2, 2021 |  | Nine Months Ended October 2, 2021
Defined benefit plans: |  |  |
Balance at beginning of period | $ | (276.3) |  |  | $ | (276.9) |
Reclassification adjustments (net of tax expense of $0.3 million and $1.0 million in the three and nine months ended October 2, 2021, respectively) | 2.0 |  |  | 6.0 |
Other comprehensive income (loss) recognized during the period (net of tax impact of $— million in the three and nine months ended October 2, 2021) | 2.5 |  |  | (0.9) |
Balance at end of period | $ | (271.8) |  |  | $ | (271.8) |
Derivative instruments and hedging: |  |  |
Balance at beginning of period | $ | 20.2 |  |  | $ | 12.6 |
Reclassification adjustments (net of tax benefit of $3.6 million and $6.9 million in the three and nine months ended October 2, 2021, respectively) | (13.9) |  |  | (27.3) |
Other comprehensive income (loss) recognized during the period (net of tax benefit (expense) of $3.5 million and ($1.7) million in the three and nine months ended October 2, 2021, respectively) | (14.3) |  |  | 6.7 |
Balance at end of period | $ | (8.0) |  |  | $ | (8.0) |
Foreign currency translation: |  |  |
Balance at beginning of period | $ | (471.7) |  |  | $ | (440.8) |
Other comprehensive loss recognized during the period (net of tax expense of $1.4 million and $2.9 million in the three and nine months ended October 2, 2021, respectively) | (51.1) |  |  | (82.0) |
Balance at end of period | $ | (522.8) |  |  | $ | (522.8) |
Total accumulated other comprehensive loss | $ | (802.6) |  |  | $ | (802.6) |
A summary of changes, net of tax, in accumulated other comprehensive loss for the three and nine months ended October 3, 2020, is shown below (in millions):
| Three Months Ended October 3, 2020 |  | Nine Months Ended October 3, 2020
Defined benefit plans: |  |  |
Balance at beginning of period | $ | (211.7) |  |  | $ | (217.6) |
Reclassification adjustments (net of tax expense of $0.6 million and $1.3 million in the three and nine months ended October 3, 2020, respectively) | 11.0 |  |  | 13.1 |
Other comprehensive loss recognized during the period (net of tax benefit of $5.4 million in the three and nine months ended October 3, 2020) | (29.7) |  |  | (25.9) |
Balance at end of period | $ | (230.4) |  |  | $ | (230.4) |
Derivative instruments and hedging: |  |  |
Balance at beginning of period | $ | (50.4) |  |  | $ | 9.8 |
Reclassification adjustments (net of tax expense of $0.1 million and $1.8 million in the three and nine months ended October 3, 2020, respectively) | 3.9 |  |  | 9.2 |
Other comprehensive income (loss) recognized during the period (net of tax benefit (expense) of ($6.3) million and $9.6 million in the three and nine months ended October 3, 2020, respectively) | 14.8 |  |  | (50.7) |
Balance at end of period | $ | (31.7) |  |  | $ | (31.7) |
Foreign currency translation: |  |  |
Balance at beginning of period | $ | (660.9) |  |  | $ | (564.9) |
Other comprehensive income (loss) recognized during the period (net of tax benefit of $2.9 million and $0.7 million in the three and nine months ended October 3, 2020, respectively) | 83.3 |  |  | (12.7) |
Balance at end of period | $ | (577.6) |  |  | $ | (577.6) |
Total accumulated other comprehensive loss | $ | (839.7) |  |  | $ | (839.7) |
Schedule of Share Repurchases | Share repurchases since the reinstatement through October 2, 2021, are shown below (in millions except for shares and per share amounts):
Nine Months Ended |  | As of October 2, 2021
October 2, 2021 (1) |
Aggregate Repurchases |  | Cash Paid for Repurchases |  | Number of Shares |  | Average Price per Share (2) |  | Remaining Purchase Authorization
$ | 100.3 |  |  | $ | 99.3 |  |  | 589,717 |  |  | $ | 170.03 |  |  | $ | 1,329.7 |
(1) From reinstatement through October 2, 2021 (2) Excludes commissions Dividends declared and paid are shown below (in millions):
| Nine Months Ended
| October 2, 2021 |  | October 3, 2020 (1)
Dividends declared | $ | 61.1 |  |  | $ | 46.8 |
Dividends paid | 60.7 |  |  | 52.0 |
(1) Prior to March 2020 suspension

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