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Accumulated Other Comprehensive Loss | 6 Months Ended
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Jun. 27, 2025
Equity [Abstract] |
Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive 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. 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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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/220/tableOfContent + Details
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