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Accumulated Other Comprehensive Income (Tables) | 6 Months Ended
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Jun. 28, 2025
Equity [Abstract] |
Changes in Accumulated Other Comprehensive Income (Loss) | The change in accumulated other comprehensive income (loss) during the quarters ended June 28, 2025 and June 29, 2024 is as follows:
(In millions) | Foreign currency translation |  | Derivatives |  | Pension |  | Total
Balance at March 30, 2024 | $ | (124.2) |  |  | $ | (14.6) |  |  | $ | (9.1) |  |  | $ | (147.9) |
Other comprehensive income (loss) before reclassifications (1) | (2.8) |  |  | 1.3 |  |  | — |  |  | (1.5) |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | (0.2) |  | (2) | (0.4) |  | (3) | (0.6) |
Income tax expense | — |  |  | 0.1 |  |  | — |  |  | 0.1 |
Net reclassifications | — |  |  | (0.1) |  |  | (0.4) |  |  | (0.5) |
Net current-period other comprehensive income (loss) (1) | (2.8) |  |  | 1.2 |  |  | (0.4) |  |  | (2.0) |
Balance at June 29, 2024 | $ | (127.0) |  |  | $ | (13.4) |  |  | $ | (9.5) |  |  | $ | (149.9) |
Balance at March 29, 2025 | $ | (125.1) |  |  | $ | (13.6) |  |  | $ | (6.6) |  |  | $ | (145.3) |
Other comprehensive income (loss) before reclassifications (1) | 17.6 |  |  | (7.2) |  |  | — |  |  | 10.4 |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | (2.5) |  | (2) | (0.4) |  | (3) | (2.9) |
Income tax expense | — |  |  | 0.7 |  |  | 0.1 |  |  | 0.8 |
Net reclassifications | — |  |  | (1.8) |  |  | (0.3) |  |  | (2.1) |
Net current-period other comprehensive income (loss) (1) | 17.6 |  |  | (9.0) |  |  | (0.3) |  |  | 8.3 |
Balance at June 28, 2025 | $ | (107.5) |  |  | $ | (22.6) |  |  | $ | (6.9) |  |  | $ | (137.0) |
(1)Other comprehensive income (loss) is reported net of taxes and noncontrolling interest. (2)Amounts related to foreign currency derivatives used to manage the volatility associated with inventory purchases in various currencies and 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 June 28, 2025 and June 29, 2024 is as follows:
(In millions) | Foreign currency translation |  | Derivatives |  | Pension |  | Total
Balance at December 30, 2023 | $ | (116.3) |  |  | $ | (17.1) |  |  | $ | (8.8) |  |  | $ | (142.2) |
Other comprehensive income (loss) before reclassifications (1) | (10.9) |  |  | 5.9 |  |  | — |  |  | (5.0) |
Amounts reclassified from accumulated other comprehensive income (loss) | 0.2 |  |  | (2.9) |  | (2) | (0.8) |  | (3) | (3.5) |
Income tax expense | — |  |  | 0.7 |  |  | 0.1 |  |  | 0.8 |
Net reclassifications | 0.2 |  |  | (2.2) |  |  | (0.7) |  |  | (2.7) |
Net current-period other comprehensive income (loss) (1) | (10.7) |  |  | 3.7 |  |  | (0.7) |  |  | (7.7) |
Balance at June 29, 2024 | $ | (127.0) |  |  | $ | (13.4) |  |  | $ | (9.5) |  |  | $ | (149.9) |
Balance at December 28, 2024 | $ | (132.8) |  |  | $ | (8.7) |  |  | $ | (6.3) |  |  | $ | (147.8) |
Other comprehensive income (loss) before reclassifications (1) | 25.3 |  |  | (10.9) |  |  | — |  |  | 14.4 |
Amounts reclassified from accumulated other comprehensive income (loss) | — |  |  | (4.0) |  | (2) | (0.8) |  | (3) | (4.8) |
Income tax expense | — |  |  | 1.0 |  |  | 0.2 |  |  | 1.2 |
Net reclassifications | — |  |  | (3.0) |  |  | (0.6) |  |  | (3.6) |
Net current-period other comprehensive income (loss) (1) | 25.3 |  |  | (13.9) |  |  | (0.6) |  |  | 10.8 |
Balance at June 28, 2025 | $ | (107.5) |  |  | $ | (22.6) |  |  | $ | (6.9) |  |  | $ | (137.0) |
(1)Other comprehensive income (loss) is reported net of taxes and noncontrolling interest. (2)Amounts related to foreign currency derivatives used to manage the volatility associated with inventory purchases in various currencies and 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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