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Accumulated Other Comprehensive Loss (Tables) | 6 Months Ended
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Jun. 28, 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
| Six months ended June 28, 2024
Balance at December 29, 2023 | $ | 3.8 |  |  | $ | (37.1) |  |  | $ | (10.0) |  |  | $ | (43.3) |
Other comprehensive income (loss) before reclassifications | 9.1 |  | (3) | (6.7) |  | (2) | (1.4) |  |  | 1.0 |
Amounts reclassified from accumulated other comprehensive loss | (2.3) |  |  | — |  |  | 0.4 |  |  | (1.9) |
Net current period other comprehensive income (loss) | 6.8 |  |  | (6.7) |  |  | (1.0) |  |  | (0.9) |
Balance at June 28, 2024 | $ | 10.6 |  |  | $ | (43.8) |  |  | $ | (11.0) |  |  | $ | (44.2) |
| Six months ended June 30, 2023
Balance at December 30, 2022 | $ | 6.0 |  |  | $ | (36.0) |  |  | $ | (11.5) |  |  | $ | (41.5) |
Other comprehensive income (loss) before reclassifications | 6.3 |  | (3) | 2.7 |  | (2) | (0.4) |  |  | 8.6 |
Amounts reclassified from accumulated other comprehensive loss | (2.0) |  |  | — |  |  | 0.4 |  |  | (1.6) |
Net current period other comprehensive income (loss) | 4.3 |  |  | 2.7 |  |  | — |  |  | 7.0 |
Balance at June 30, 2023 | $ | 10.3 |  |  | $ | (33.3) |  |  | $ | (11.5) |  |  | $ | (34.5) |
(1) All amounts are net of tax and noncontrolling interest. (2) Includes losses of $4.2 million and $0.4 million for the six months ended June 28, 2024 and six months ended June 30, 2023, respectively, on intra-entity foreign currency transactions that are of a long-term-investment nature. (3) Includes a tax effect of $0.2 million and $1.4 million for the six months ended June 28, 2024 and six months ended June 30, 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 |  |
|  | June 28, 2024 |  | June 30, 2023 |  |
Details about accumulated other comprehensive loss components |  | Quarter ended |  | Six months ended |  | Quarter ended |  | Six months ended |  | Affected line item in the statement where net income is presented
Cash flow hedges: |  |  |  |  |  |  |  |  |  |
Designated as hedging instruments: |  |  |  |  |  |  |  |  |  |
Foreign currency cash flow hedges |  | $ | (0.5) |  |  | $ | (0.8) |  |  | $ | (0.2) |  |  | $ | (0.3) |  |  | Net sales
Foreign currency cash flow hedges |  | 0.9 |  |  | 3.1 |  |  | — |  |  | 2.2 |  |  | Cost of products sold
Interest rate swaps |  | (2.0) |  |  | (4.6) |  |  | (2.2) |  |  | (3.9) |  |  | Interest expense
Total |  | $ | (1.6) |  |  | $ | (2.3) |  |  | $ | (2.4) |  |  | $ | (2.0) |  |  |
Amortization of retirement benefits: |  |  |  |  |  |  |  |  |  |
Actuarial losses |  | — |  |  | 0.4 |  |  | 0.2 |  |  | 0.3 |  |  | Other expense, net
Curtailment and settlement losses |  | 0.4 |  |  | 0.7 |  |  | 0.1 |  |  | 0.1 |  |  | Asset impairment and other charges, net
Total |  | $ | 0.4 |  |  | $ | 1.1 |  |  | $ | 0.3 |  |  | $ | 0.4 |  |  |

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