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Comprehensive Income and Equity (Tables)

3 Months Ended

Mar. 29, 2025

Equity [Abstract]

Schedule of Changes, Net of Tax, in Accumulated Other Comprehensive Loss

A summary of changes, net of tax, in accumulated other comprehensive loss in the three months ended March 29, 2025, is shown below (in millions):

			Three Months Ended March 29, 2025
Defined benefit plans:
Balance at beginning of period			$	(91.1)
Reclassification adjustments (net of tax benefit of $0.1 million)			(0.3)
Other comprehensive loss recognized during the period			(0.1)
Balance at end of period			$	(91.5)
Derivative instruments and hedging:
Balance at beginning of period			$	(133.7)
Reclassification adjustments (net of tax expense of $2.7 million)			9.9
Other comprehensive income recognized during the period (net of tax expense of $17.4 million)			65.2
Balance at end of period			$	(58.6)
Foreign currency translation:
Balance at beginning of period			$	(908.9)
Other comprehensive income recognized during the period (net of tax benefit of $1.3 million)			109.3
Balance at end of period			$	(799.6)
Total accumulated other comprehensive loss			$	(949.7)

A summary of changes, net of tax, in accumulated other comprehensive loss in the three months ended March 30, 2024, is shown below (in millions):

			Three Months Ended March 30, 2024
Defined benefit plans:
Balance at beginning of period			$	(107.3)
Reclassification adjustments			(0.3)
Other comprehensive income recognized during the period (net of tax benefit of $0.3 million)			0.4
Balance at end of period			$	(107.2)
Derivative instruments and hedging:
Balance at beginning of period			$	107.9
Reclassification adjustments (net of tax benefit of $9.3 million)			(34.9)
Other comprehensive income recognized during the period (net of tax expense of $13.1 million)			48.4
Balance at end of period			$	121.4
Foreign currency translation:
Balance at beginning of period			$	(689.4)
Other comprehensive loss recognized during the period (net of tax expense of $0.6 million)			(79.8)
Balance at end of period			$	(769.2)
Total accumulated other comprehensive loss			$	(755.0)

Schedule of Common Stock Repurchase Program

Share repurchases in the first three months of 2025 and the remaining repurchase authorization as of March 29, 2025, are shown below (in millions, except for share and per share amounts):

Three Months Ended March 29, 2025																								As of March 29, 2025
Aggregate Repurchases (1)						Cash Paid for Repurchases (1)						Number of Shares						Average Price per Share (1)						Remaining Purchase Authorization
$	25.0					$	25.0					263,003						$	95.06					$	1,074.9

(1)     Excludes excise tax and commissions

Schedule of Dividends Declared and Paid

Dividends declared and paid are shown below (in millions):

			Three Months Ended
			March 29, 2025						March 30, 2024
Dividends declared			$	43.7					$	44.9
Dividends paid			43.3						45.5

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