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Accumulated Other Comprehensive Loss (Tables) | 6 Months Ended
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Jun. 27, 2025
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 27, 2025
Balance at December 27, 2024 | $ | 5.6 |  |  | $ | (45.2) |  |  | $ | (10.8) |  |  | $ | (50.4) |
Other comprehensive (loss) income before reclassifications | (12.0) |  |  | 23.2 |  | (2) | (1.1) |  |  | 10.1 |
Amounts reclassified from accumulated other comprehensive loss | 3.3 |  |  | — |  |  | 0.2 |  |  | 3.5 |
Net current period other comprehensive (loss) income | (8.7) |  |  | 23.2 |  |  | (0.9) |  |  | 13.6 |
Balance at June 27, 2025 | $ | (3.1) |  |  | $ | (22.0) |  |  | $ | (11.7) |  |  | $ | (36.8) |
| 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) |
(1) All amounts are net of tax and noncontrolling interest. (2) Includes a gain of $10.6 million and a loss of $4.2 million for the six months ended June 27, 2025 and six months ended June 28, 2024, respectively, on intra-entity foreign currency transactions that are of a long-term-investment nature. (3) Includes a tax effect of $0.2 million for the six months ended June 28, 2024.
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 27, 2025 |  | June 28, 2024 |  |
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 |  | $ | 3.4 |  |  | $ | 5.4 |  |  | $ | (0.5) |  |  | $ | (0.8) |  |  | Net sales
Foreign currency cash flow hedges |  | (0.6) |  |  | (0.4) |  |  | 0.9 |  |  | 3.1 |  |  | Cost of products sold
Interest rate swaps |  | (0.8) |  |  | (1.7) |  |  | (2.0) |  |  | (4.6) |  |  | Interest expense
Total |  | $ | 2.0 |  |  | $ | 3.3 |  |  | $ | (1.6) |  |  | $ | (2.3) |  |  |
Amortization of retirement benefits: |  |  |  |  |  |  |  |  |  |
Actuarial losses |  | $ | 0.1 |  |  | 0.2 |  |  | $ | — |  |  | 0.4 |  |  | Other expense, net
Curtailment and settlement losses |  | — |  |  | — |  |  | 0.4 |  |  | 0.7 |  |  | Other expense, net and Asset impairment and other charges, net
Total |  | $ | 0.1 |  |  | $ | 0.2 |  |  | $ | 0.4 |  |  | $ | 1.1 |  |  |

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