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Accumulated Other Comprehensive Loss (Tables) | 3 Months Ended
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Mar. 29, 2024
Equity [Abstract] |
Schedule of accumulated other comprehensive income (loss) | The following table includes the changes in accumulated other comprehensive loss by component (U.S. dollars in millions):
| Changes in Accumulated Other Comprehensive Loss by Component (1)
| Cash Flow Hedges |  | Foreign Currency Translation Adjustment |  | Retirement Benefit Adjustment |  | Total
| Quarter ended March 29, 2024
Balance at December 29, 2023 | $ | 3.8 |  |  | $ | (37.1) |  |  | $ | (10.0) |  |  | $ | (43.3) |
Other comprehensive income (loss) before reclassifications | 6.5 |  | (3) | (4.6) |  | (2) | (1.0) |  |  | 0.9 |
Amounts reclassified from accumulated other comprehensive loss | (0.7) |  |  | — |  |  | 0.4 |  |  | (0.3) |
Net current period other comprehensive income (loss) | 5.8 |  |  | (4.6) |  |  | (0.6) |  |  | 0.6 |
Balance at March 29, 2024 | $ | 9.6 |  |  | $ | (41.7) |  |  | $ | (10.6) |  |  | $ | (42.7) |
| Quarter ended March 31, 2023
Balance at December 30, 2022 | $ | 6.0 |  |  | $ | (36.0) |  |  | $ | (11.5) |  |  | $ | (41.5) |
Other comprehensive income (loss) before reclassifications | (0.4) |  | (3) | 2.0 |  | (2) | (0.5) |  |  | 1.1 |
Amounts reclassified from accumulated other comprehensive loss | 0.4 |  |  | — |  |  | 0.1 |  |  | 0.5 |
Net current period other comprehensive income (loss) | — |  |  | 2.0 |  |  | (0.4) |  |  | 1.6 |
Balance at March 31, 2023 | $ | 6.0 |  |  | $ | (34.0) |  |  | $ | (11.9) |  |  | $ | (39.9) |
(1) All amounts are net of tax and noncontrolling interest. (2) Includes a loss of $2.8 million and a gain of $0.8 million for the quarter ended March 29, 2024 and quarter ended March 31, 2023, respectively, on intra-entity foreign currency transactions that are of a long-term-investment nature. (3) Includes a tax effect of $0.1 million and $1.5 million for the quarter ended March 29, 2024 and quarter ended March 31, 2023, respectively.
Amounts reclassified from accumulated other comprehensive (loss) income | The following table includes details about amounts reclassified from accumulated other comprehensive loss by component (U.S. dollars in millions):
|  |  |  | Amount of (gain) loss reclassified from accumulated other comprehensive loss |  |
|  |  |  | March 29, 2024 |  |  |  | March 31, 2023 |  |
Details about accumulated other comprehensive loss components |  |  |  | Quarter ended |  |  |  | Quarter ended |  | Affected line item in the statement where net income is presented
Cash flow hedges: |  |  |  |  |  |  |  |  |  |
Designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Foreign currency cash flow hedges |  |  |  | $ | (0.3) |  |  |  |  | $ | (0.1) |  |  | Net sales
Foreign currency cash flow hedges |  |  |  | 2.1 |  |  |  |  | 2.2 |  |  | Cost of products sold
Interest rate swaps |  |  |  | (2.6) |  |  |  |  | (1.7) |  |  | Interest expense
Total |  |  |  | $ | (0.8) |  |  |  |  | $ | 0.4 |  |  |
Amortization of retirement benefits: |  |  |  |  |  |  |  |  |  |
Actuarial losses |  |  |  | 0.2 |  |  |  |  | 0.1 |  |  | Other expense, net
Curtailment and settlement losses |  |  |  | 0.3 |  |  |  |  | — |  |  | Asset impairment and other charges, net
Total |  |  |  | $ | 0.5 |  |  |  |  | $ | 0.1 |  |  |

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