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Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity (Tables)

9 Months Ended

Sep. 28, 2024

Equity [Abstract]

Schedule of Components of Accumulated Other Comprehensive Income (Loss) and Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax

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 Adjustment						Unrealized Gains (Losses) on Debt Securities						Pension and Post-retirement Liabilities						Derivative Financial Instrument						Accumulated Other Comprehensive Income (Loss)
Balance as of December 30, 2023						$	(6.5)					$	(0.3)					$	(1.2)					$	(2.7)					$	(10.6)
Other comprehensive income (loss) before reclassifications						(0.1)						0.3						—						0.4						0.7
Tax (expense) or benefit						—						(0.1)						—						(0.1)						(0.2)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax						—						0.0						—						(0.4)						(0.3)
Balance as of September 28, 2024						$	(6.6)					$	0.0					$	(1.2)					$	(2.7)					$	(10.4)

Amounts in parentheses indicate reductions to equity.

						Foreign Currency Translation Adjustment						Unrealized Gains (Losses) on Debt Securities						Pension and Post-retirement Liabilities						Derivative Financial Instrument						Accumulated 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 reclassifications						(0.2)						(0.0)						—						—						(0.2)
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 September 30, 2023						$	(6.5)					$	(0.6)					$	(1.1)					$	—					$	(8.2)

Amounts in parentheses indicate reductions to equity.

Schedule of Reclassification from Accumulated Other Comprehensive Income (Loss)

The following table details the reclassifications from accumulated other comprehensive income (loss):

									Three Months Ended												Nine Months Ended
Details about Accumulated Other Comprehensive Income (Loss) Components			Affected Line Item in the Statement Where Net Income is Presented						September 28, 2024						September 30, 2023						September 28, 2024						September 30, 2023
Derivative financial instrument
Interest rate swap			Interest expense, net						$	0.2					$	—					$	0.5					$	0.1
			Income taxes						(0.0)						—						(0.1)						(0.0)
Unrealized gains (losses) on debt securities
Gain (loss) on sale of debt securities			Selling and administrative expenses						(0.0)						0.0						(0.1)						(0.1)
			Income taxes						0.0						(0.0)						0.0						0.0
			Net of tax						$	0.1					$	0.0					$	0.3					$	0.0

Amounts in parentheses indicate reductions to profit.

Schedule of Dividends Declared and Paid Cash Dividends Per Common Share

The Corporation declared and paid cash dividends per common share as follows:

			Nine Months Ended
			September 28, 2024						September 30, 2023
Dividends per common share			$	0.98					$	0.96

Schedule of Shares Repurchased and Settled

The following table summarizes shares repurchased and settled by the Corporation:

			Nine Months Ended
			September 28, 2024						September 30, 2023
Shares repurchased			0.5						—
Average price per share			$	46.48					$	—
Cash purchase price			$	(25.4)					$	—
Purchases unsettled as of quarter end			0.7						—
Prior year purchases settled in current year			(0.1)						—
Shares repurchased per cash flow			$	(24.8)					$	—

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Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity.

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-Name Accounting Standards Codification
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Tabular disclosure of the components of accumulated other comprehensive income (loss).

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-Name Accounting Standards Codification
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