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Accumulated Other Comprehensive Income (Loss) (Notes) | 6 Months Ended
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Jul. 01, 2023
Equity [Abstract] |
Accumulated Other Comprehensive Income (Loss) | ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Accumulated other comprehensive income (loss) represents net earnings and any revenue, expenses, gains and losses that, under U.S. GAAP, are excluded from net earnings and recognized directly as a component of stockholders’ equity. The change in accumulated other comprehensive income (loss) during the quarters ended July 1, 2023 and July 2, 2022 is as follows:
(In millions) | Foreign currency translation |  | Derivatives |  | Pension |  | Total
Balance at April 2, 2022 | $ | (70.5) |  |  | $ | (0.7) |  |  | $ | (31.0) |  |  | $ | (102.2) |
Other comprehensive income (loss) before reclassifications (1) | (45.4) |  |  | 13.2 |  |  | — |  |  | (32.2) |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | (3.6) |  | (2) | 2.8 |  | (3) | (0.8) |
Income tax expense (benefit) | — |  |  | 0.9 |  |  | (0.5) |  |  | 0.4 |
Net reclassifications | — |  |  | (2.7) |  |  | 2.3 |  |  | (0.4) |
Net current-period other comprehensive income (loss) (1) | (45.4) |  |  | 10.5 |  |  | 2.3 |  |  | (32.6) |
Balance at July 2, 2022 | $ | (115.9) |  |  | $ | 9.8 |  |  | $ | (28.7) |  |  | $ | (134.8) |
Balance at April 1, 2023 | $ | (130.3) |  |  | $ | (4.5) |  |  | $ | (1.8) |  |  | $ | (136.6) |
Other comprehensive income (loss) before reclassifications (1) | 5.3 |  |  | (2.0) |  |  | — |  |  | 3.3 |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | (2.8) |  | (2) | (0.2) |  | (3) | (3.0) |
Income tax expense (benefit) | — |  |  | 0.8 |  |  | — |  |  | 0.8 |
Net reclassifications | — |  |  | (2.0) |  |  | (0.2) |  |  | (2.2) |
Net current-period other comprehensive income (loss) (1) | 5.3 |  |  | (4.0) |  |  | (0.2) |  |  | 1.1 |
Balance at July 1, 2023 | $ | (125.0) |  |  | $ | (8.5) |  |  | $ | (2.0) |  |  | $ | (135.5) |
(1)Other comprehensive income (loss) is reported net of taxes and noncontrolling interest. (2)Amounts related to foreign currency derivatives deemed to be highly effective are included in cost of goods sold. Amounts related to foreign currency derivatives that are no longer deemed to be highly effective are included in other income. Amounts related to the interest rate swap are included in interest expense. (3)Amounts reclassified are included in the computation of net pension expense. The change in accumulated other comprehensive income (loss) during the year-to-date periods ended July 1, 2023 and July 2, 2022 is as follows:
(In millions) | Foreign currency translation |  | Derivatives |  | Pension |  | Total
Balance at January 1, 2022 | $ | (56.8) |  |  | $ | (8.9) |  |  | $ | (33.2) |  |  | $ | (98.9) |
Other comprehensive income (loss) before reclassifications (1) | (59.1) |  |  | 21.7 |  |  | — |  |  | (37.4) |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | (4.0) |  | (2) | 5.6 |  | (3) | 1.6 |
Income tax expense (benefit) | — |  |  | 1.0 |  |  | (1.1) |  |  | (0.1) |
Net reclassifications | — |  |  | (3.0) |  |  | 4.5 |  |  | 1.5 |
Net current-period other comprehensive income (loss) (1) | (59.1) |  |  | 18.7 |  |  | 4.5 |  |  | (35.9) |
Balance at July 2, 2022 | $ | (115.9) |  |  | $ | 9.8 |  |  | $ | (28.7) |  |  | $ | (134.8) |
Balance at December 31, 2022 | $ | (133.1) |  |  | $ | 1.9 |  |  | $ | (1.7) |  |  | $ | (132.9) |
Other comprehensive income (loss) before reclassifications (1) | 3.9 |  |  | (2.9) |  |  | — |  |  | 1.0 |
Amounts reclassified from accumulated other comprehensive income (loss) | 4.2 |  |  | (10.1) |  | (2) | (0.4) |  | (3) | (6.3) |
Income tax expense (benefit) | — |  |  | 2.6 |  |  | 0.1 |  |  | 2.7 |
Net reclassifications | 4.2 |  |  | (7.5) |  |  | (0.3) |  |  | (3.6) |
Net current-period other comprehensive income (loss) (1) | 8.1 |  |  | (10.4) |  |  | (0.3) |  |  | (2.6) |
Balance at July 1, 2023 | $ | (125.0) |  |  | $ | (8.5) |  |  | $ | (2.0) |  |  | $ | (135.5) |
(1)Other comprehensive income (loss) is reported net of taxes and noncontrolling interest. (2)Amounts related to foreign currency derivatives deemed to be highly effective are included in cost of goods sold. Amounts related to foreign currency derivatives that are no longer deemed to be highly effective are included in other income. Amounts related to the interest rate swap are included in interest expense. (3)Amounts reclassified are included in the computation of net pension expense.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//220/tableOfContent + Details
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