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Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity
 6 Months Ended
Jul. 01, 2023
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity Accumulated Other Comprehensive Income (Loss) and Shareholders’ Equity
The following tables summarize the components of accumulated other comprehensive income (loss) and the changes in accumulated other comprehensive income (loss), net of tax, as applicable:
Foreign Currency Translation AdjustmentUnrealized Gains (Losses) on Debt SecuritiesPension and Post-retirement LiabilitiesDerivative Financial InstrumentAccumulated Other Comprehensive Income (Loss)
Balance as of December 31, 2022$(6.4)$(0.6)$(1.1)$0.1 $(8.0)
Other comprehensive income (loss) before reclassifications0.0 0.0 — — 0.1 
Tax (expense) or benefit— (0.0)— — (0.0)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax— 0.1 — (0.1)(0.0)
Balance as of July 1, 2023$(6.3)$(0.5)$(1.1)$— $(8.0)
Amounts in parentheses indicate reductions to equity.

Foreign Currency Translation AdjustmentUnrealized Gains (Losses) on Debt SecuritiesPension and Post-retirement LiabilitiesDerivative Financial InstrumentAccumulated Other Comprehensive Income (Loss)
Balance as of January 1, 2022$(0.7)$0.1 $(5.4)$(0.7)$(6.8)
Other comprehensive income (loss) before reclassifications(1.8)(0.6)— 1.1 (1.3)
Tax (expense) or benefit— 0.1 — (0.3)(0.1)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax— 0.0 — 0.1 0.1 
Balance as of July 2, 2022$(2.5)$(0.4)$(5.4)$0.3 $(8.1)
Amounts in parentheses indicate reductions to equity.

Interest Rate Swap Termination
In April 2022, the Corporation terminated its interest rate swap agreement and received cash proceeds of $0.4 million, the fair value of the swap on the termination date. The proceeds were recorded as cash provided by operating activities in the Condensed Consolidated Statement of Cash Flows. The $0.4 million gain from the termination of this interest rate swap agreement was recorded to "Accumulated other comprehensive income (loss)" and has been fully amortized to interest expense as of April 1, 2023.

The following table details the reclassifications from accumulated other comprehensive income (loss):
Three Months EndedSix Months Ended
Details about Accumulated Other Comprehensive Income (Loss) ComponentsAffected Line Item in the Statement Where Net Income is PresentedJuly 1,
2023		July 2,
2022		July 1,
2023		July 2,
2022
Derivative financial instrument
Interest rate swapInterest expense, net$— $0.1 $0.1 $(0.2)
Income taxes— (0.0)(0.0)0.0 
Unrealized gains (losses) on debt securities
Gain (loss) on sale of debt securitiesSelling and administrative expenses0.0 0.0 (0.1)0.0 
Income tax expense(0.0)(0.0)0.0 (0.0)
Net of tax$0.0 $0.0 $0.0 $(0.1)
Amounts in parentheses indicate reductions to profit.
Dividend
The Corporation declared and paid cash dividends per common share as follows:
Six Months Ended
July 1,
2023		July 2,
2022
Dividends per common share$0.64 $0.63 

Stock Repurchase
The following table summarizes shares repurchased and settled by the Corporation:
Six Months Ended
July 1,
2023		July 2,
2022
Shares repurchased— 1.7 
Average price per share$— $38.11 
Cash purchase price$— $(63.9)
Prior year purchases settled in current year— (1.3)
Shares repurchased per cash flow$— $(65.2)

As of July 1, 2023, $234.0 million of the Corporation’s Board of Directors’ ("Board") current repurchase authorizations remained unspent.