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Comprehensive Income and Equity (Tables) | 3 Months Ended
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Apr. 02, 2022
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 months ended April 2, 2022, is shown below (in millions):
| Three Months Ended April 2, 2022 |  |
Defined benefit plans: |  |  |
Balance at beginning of period | $ | (199.4) |  |  |
Reclassification adjustments (net of tax expense of $0.3 million) | 1.4 |  |  |
Other comprehensive loss recognized during the period (net of tax impact of $— million) | (0.5) |  |  |
Balance at end of period | $ | (198.5) |  |  |
Derivative instruments and hedging: |  |  |
Balance at beginning of period | $ | (18.6) |  |  |
Reclassification adjustments (net of tax benefit of $1.4 million) | (6.6) |  |  |
Other comprehensive gain recognized during the period (net of tax expense of $7.9 million) | 31.6 |  |  |
Balance at end of period | $ | 6.4 |  |  |
Foreign currency translation: |  |  |
Balance at beginning of period | $ | (552.2) |  |  |
Other comprehensive loss recognized during the period (net of tax expense of $0.4 million) | (18.3) |  |  |
Balance at end of period | $ | (570.5) |  |  |
Total accumulated other comprehensive loss | $ | (762.6) |  |  |
A summary of changes, net of tax, in accumulated other comprehensive loss for the three months ended April 3, 2021, is shown below (in millions):
| Three Months Ended April 3, 2021 |  |
Defined benefit plans: |  |  |
Balance at beginning of period | $ | (276.9) |  |  |
Reclassification adjustments (net of tax expense of $0.4 million) | 2.2 |  |  |
Other comprehensive loss recognized during the period (net of tax impact of $— million) | (0.9) |  |  |
Balance at end of period | $ | (275.6) |  |  |
Derivative instruments and hedging: |  |  |
Balance at beginning of period | $ | 12.6 |  |  |
Reclassification adjustments (net of tax benefit of $1.4 million) | (5.3) |  |  |
Other comprehensive income recognized during the period (net of tax expense of $0.7 million) | 2.3 |  |  |
Balance at end of period | $ | 9.6 |  |  |
Foreign currency translation: |  |  |
Balance at beginning of period | $ | (440.8) |  |  |
Other comprehensive loss recognized during the period (net of tax expense of $2.1 million) | (83.6) |  |  |
Balance at end of period | $ | (524.4) |  |  |
Total accumulated other comprehensive loss | $ | (790.4) |  |  |
Schedule of Dividends Declared and Paid | Dividends declared and paid are shown below (in millions):
| Three Months Ended
| April 2, 2022 |  | April 3, 2021
Dividends declared | $ | 46.8 |  |  | $ | 15.3 |
Dividends paid | 47.4 |  |  | 15.7 |

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