XML 33 R20.htm IDEA: XBRL DOCUMENT v3.25.3
Accumulated Other Comprehensive Income (Loss) (Notes)
 9 Months Ended
Sep. 27, 2025
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 September 27, 2025 and September 28, 2024 is as follows:
(In millions)Foreign
currency
translation		DerivativesPensionTotal
Balance at June 29, 2024$(127.0)$(13.4)$(9.5)$(149.9)
Other comprehensive income (loss) before reclassifications (1)
12.8 (6.2)— 6.6 
Amounts reclassified from accumulated other comprehensive loss— (0.7)
(2)
(0.5)
(3)
(1.2)
Income tax expense— 0.2 0.2 0.4 
Net reclassifications— (0.5)(0.3)(0.8)
Net current-period other comprehensive income (loss) (1)
12.8 (6.7)(0.3)5.8 
Balance at September 28, 2024$(114.2)$(20.1)$(9.8)$(144.1)
Balance at June 28, 2025$(107.5)$(22.6)$(6.9)$(137.0)
Other comprehensive income (loss) before reclassifications (1)
(10.8)2.9 — (7.9)
Amounts reclassified from accumulated other comprehensive income— 1.4 
(2)
(0.5)
(3)
0.9 
Income tax benefit— (0.3)0.1 (0.2)
Net reclassifications— 1.1 (0.4)0.7 
Net current-period other comprehensive income (loss) (1)
(10.8)4.0 (0.4)(7.2)
Balance at September 27, 2025$(118.3)$(18.6)$(7.3)$(144.2)
(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.
(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 September 27, 2025 and September 28, 2024 is as follows:
(In millions)Foreign
currency
translation		DerivativesPensionTotal
Balance at December 30, 2023$(116.3)$(17.1)$(8.8)$(142.2)
Other comprehensive income (loss) before reclassifications (1)
1.9 (0.3)— 1.6 
Amounts reclassified from accumulated other comprehensive income (loss)0.2 (3.6)
(2)
(1.3)
(3)
(4.7)
Income tax expense— 0.9 0.3 1.2 
Net reclassifications0.2 (2.7)(1.0)(3.5)
Net current-period other comprehensive income (loss) (1)
2.1 (3.0)(1.0)(1.9)
Balance at September 28, 2024$(114.2)$(20.1)$(9.8)$(144.1)
Balance at December 28, 2024$(132.8)$(8.7)$(6.3)$(147.8)
Other comprehensive income (loss) before reclassifications (1)
14.5 (8.0)— 6.5 
Amounts reclassified from accumulated other comprehensive income (loss)— (2.6)
(2)
(1.3)
(3)
(3.9)
Income tax expense— 0.7 0.3 1.0 
Net reclassifications— (1.9)(1.0)(2.9)
Net current-period other comprehensive income (loss) (1)
14.5 (9.9)(1.0)3.6 
Balance at September 27, 2025$(118.3)$(18.6)$(7.3)$(144.2)
(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.