XML 311 R25.htm IDEA: XBRL DOCUMENT
v3.23.2

ACCUMULATED OTHER COMPREHENSIVE INCOME | 9 Months Ended
--- | ---
Jul. 02, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
ACCUMULATED OTHER COMPREHENSIVE INCOME | ACCUMULATED OTHER COMPREHENSIVE INCOME The change in the components of AOCI for the nine month period ended July 2, 2023, was as follows:
(in millions) |  | Foreign Currency Translation |  | Derivative Instruments |  | Defined Benefit Pension |  | Total
Balance at September 30, 2022 |  | $ | (285.9) |  |  | $ | 16.8 |  |  | $ | (34.0) |  |  | $ | (303.1) |
Other comprehensive income (loss) before reclassification |  | 26.6 |  |  | (25.4) |  |  | (2.3) |  |  | (1.1) |
Net reclassification for (gain) loss to income from continuing operations |  | — |  |  | (2.5) |  |  | 0.9 |  |  | (1.6) |
Other comprehensive income (loss) before tax |  | 26.6 |  |  | (27.9) |  |  | (1.4) |  |  | (2.7) |
Deferred tax effect |  | 8.8 |  |  | 7.2 |  |  | 1.2 |  |  | 17.2 |
Other comprehensive income (loss), net of tax |  | 35.4 |  |  | (20.7) |  |  | (0.2) |  |  | 14.5 |
Less: other comprehensive income from continuing operations attributable to non-controlling interest |  | 0.2 |  |  | — |  |  | — |  |  | 0.2 |
Less: other comprehensive income from discontinued operations attributable to non-controlling interest |  | 0.1 |  |  | — |  |  | — |  |  | 0.1 |
Other comprehensive income (loss) attributable to controlling interest |  | 35.1 |  |  | (20.7) |  |  | (0.2) |  |  | 14.2 |
Balance at January 1, 2023 |  | (250.8) |  |  | (3.9) |  |  | (34.2) |  |  | (288.9) |
Other comprehensive income (loss) before reclassification |  | 14.6 |  |  | (7.1) |  |  | 0.1 |  |  | 7.6 |
Net reclassification for loss (gain) to income from continuing operations |  | — |  |  | 4.9 |  |  | (0.7) |  |  | 4.2 |
Net reclassification for gain to income from discontinued operations |  | — |  |  | (0.1) |  |  | — |  |  | (0.1) |
Other comprehensive income (loss) before tax |  | 14.6 |  |  | (2.3) |  |  | (0.6) |  |  | 11.7 |
Deferred tax effect |  | 3.7 |  |  | 0.7 |  |  | 0.1 |  |  | 4.5 |
Other comprehensive income (loss), net of tax |  | 18.3 |  |  | (1.6) |  |  | (0.5) |  |  | 16.2 |
Less: other comprehensive income from continuing operations attributable to non-controlling interest |  | 0.1 |  |  | — |  |  | — |  |  | 0.1 |
Less: other comprehensive income from discontinued operations attributable to non-controlling interest |  | 0.1 |  |  | — |  |  | — |  |  | 0.1 |
Other comprehensive income (loss) attributable to controlling interest |  | 18.1 |  |  | (1.6) |  |  | (0.5) |  |  | 16.0 |
Balance at April 2, 2023 |  | (232.7) |  |  | (5.5) |  |  | (34.7) |  |  | (272.9) |
Other comprehensive income (loss) before reclassification |  | 11.6 |  |  | (9.0) |  |  | (1.2) |  |  | 1.4 |
Net reclassification for loss to income from continuing operations |  | — |  |  | 3.6 |  |  | 1.0 |  |  | 4.6 |
Net reclassification for loss (gain) to income from discontinued operations |  | — |  |  | 2.4 |  |  | (0.1) |  |  | 2.3 |
Other comprehensive income (loss) before tax |  | 11.6 |  |  | (3.0) |  |  | (0.3) |  |  | 8.3 |
Deferred tax effect |  | (0.4) |  |  | 0.8 |  |  | — |  |  | 0.4 |
Other comprehensive income (loss), net of tax |  | 11.2 |  |  | (2.2) |  |  | (0.3) |  |  | 8.7 |
Deconsolidation of discontinued operations |  | 26.6 |  |  | — |  |  | (0.5) |  |  | $ | 26.1 |
Net change to determine comprehensive income for the period |  | 37.8 |  |  | (2.2) |  |  | (0.8) |  |  | 34.8 |
Less: other comprehensive loss from discontinued operations attributable to non-controlling interest |  | (0.2) |  |  | — |  |  | — |  |  | (0.2) |
Less: Deconsolidation of discontinued operations |  | 0.7 |  |  | — |  |  | — |  |  | 0.7 |
Other comprehensive income (loss) attributable to controlling interest |  | 37.3 |  |  | (2.2) |  |  | (0.8) |  |  | 34.3 |
Balance at July 2, 2023 |  | $ | (195.4) |  |  | $ | (7.7) |  |  | $ | (35.5) |  |  | $ | (238.6) |
The following table presents reclassifications of the gain (loss) on the Condensed Consolidated Statements of Income from AOCI for the periods indicated:
(in millions) |  | Three Month Period Ended July 2, 2023 |  | Nine Month Period Ended July 2, 2023
| Foreign Currency Translation |  | Derivative Instruments |  | Defined Benefit Pension |  | Total |  | Foreign Currency Translation |  | Derivative Instruments |  | Defined Benefit Pension |  | Total
Net Sales |  | $ | — |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | 0.2 |
Cost of goods sold |  | — |  |  | (3.7) |  |  | — |  |  | (3.7) |  |  | — |  |  | (6.2) |  |  | — |  |  | (6.2) |
Other non-operating expense (income), net |  | — |  |  | — |  |  | (1.0) |  |  | (1.0) |  |  | — |  |  | — |  |  | (1.2) |  |  | (1.2) |
Income from discontinued operations, net of tax |  | (26.6) |  |  | (2.4) |  |  | 0.6 |  |  | (28.4) |  |  | (26.6) |  |  | (2.3) |  |  | 0.6 |  |  | (28.3) |
The change in the components of AOCI for the nine month period ended July 3, 2022, was as follows:
(in millions) |  | Foreign Currency Translation |  | Derivative Instruments |  | Defined Benefit Pension |  | Total
Balance at September 30, 2021 |  | $ | (194.8) |  |  | $ | 6.4 |  |  | $ | (46.9) |  |  | $ | (235.3) |
Other comprehensive income before reclassification |  | 6.8 |  |  | 1.2 |  |  | 0.6 |  |  | 8.6 |
Net reclassification for (gain) loss to income from continuing operations |  | — |  |  | (2.1) |  |  | 1.0 |  |  | (1.1) |
Net reclassification for gain to income from discontinued operations |  | — |  |  | (0.5) |  |  | — |  |  | (0.5) |
Other comprehensive income (loss) before tax |  | 6.8 |  |  | (1.4) |  |  | 1.6 |  |  | 7.0 |
Deferred tax effect |  | (4.5) |  |  | 4.5 |  |  | (2.9) |  |  | (2.9) |
Other comprehensive income (loss), net of tax |  | 2.3 |  |  | 3.1 |  |  | (1.3) |  |  | 4.1 |
Less: other comprehensive income from continuing operations attributable to non-controlling interest |  | 0.1 |  |  | — |  |  | — |  |  | 0.1 |
Other comprehensive income (loss) attributable to controlling interest |  | 2.2 |  |  | 3.1 |  |  | (1.3) |  |  | 4.0 |
Balance at January 2, 2022 |  | (192.6) |  |  | 9.5 |  |  | (48.2) |  |  | (231.3) |
Other comprehensive (loss) income before reclassification |  | (1.6) |  |  | 6.4 |  |  | 1.0 |  |  | 5.8 |
Net reclassification for (gain) loss to income from continuing operations |  | — |  |  | (1.5) |  |  | 1.0 |  |  | (0.5) |
Net reclassification for gain to income from discontinued operations |  | — |  |  | (0.7) |  |  | — |  |  | (0.7) |
Other comprehensive (loss) income before tax |  | (1.6) |  |  | 4.2 |  |  | 2.0 |  |  | 4.6 |
Deferred tax effect |  | (3.1) |  |  | (1.0) |  |  | (0.6) |  |  | (4.7) |
Other comprehensive (loss) income, net of tax |  | (4.7) |  |  | 3.2 |  |  | 1.4 |  |  | (0.1) |
Less: other comprehensive loss from continuing operations attributable to non-controlling interest |  | (0.1) |  |  | — |  |  | — |  |  | (0.1) |
Other comprehensive (loss) income attributable to controlling interest |  | (4.6) |  |  | 3.2 |  |  | 1.4 |  |  | — |
Balance at April 3, 2022 |  | (197.2) |  |  | 12.7 |  |  | (46.8) |  |  | (231.3) |
Other comprehensive (loss) income before reclassification |  | (26.7) |  |  | 4.3 |  |  | 2.3 |  |  | (20.1) |
Net reclassification for (gain) loss to income from continuing operations |  | — |  |  | (4.9) |  |  | 1.1 |  |  | (3.8) |
Net reclassification for gain to income from discontinued operations |  | — |  |  | (0.9) |  |  | (0.1) |  |  | (1.0) |
Other comprehensive (loss) income before tax |  | (26.7) |  |  | (1.5) |  |  | 3.3 |  |  | (24.9) |
Deferred tax effect |  | (6.6) |  |  | 0.9 |  |  | (0.9) |  |  | (6.6) |
Other comprehensive loss, net of tax |  | (33.3) |  |  | (0.6) |  |  | 2.4 |  |  | (31.5) |
Less: other comprehensive loss from continuing operations attributable to non-controlling interest |  | (0.1) |  |  | — |  |  | — |  |  | (0.1) |
Less: other comprehensive loss from discontinued operations attributable to non-controlling interest |  | (0.3) |  |  | — |  |  | — |  |  | (0.3) |
Other comprehensive (loss) income attributable to controlling interest |  | (32.9) |  |  | (0.6) |  |  | 2.4 |  |  | (31.1) |
Balance at July 3, 2022 |  | $ | (230.1) |  |  | $ | 12.1 |  |  | $ | (44.4) |  |  | $ | (262.4) |
The following table presents reclassifications of the gain (loss) on the Condensed Consolidated Statements of Income from AOCI for the periods indicated:
(in millions) |  | Three Month Period Ended July 3, 2022 |  | Nine Month Period Ended July 3, 2022
| Derivative Instruments |  | Defined Benefit Pension |  | Total |  | Derivative Instruments |  | Defined Benefit Pension |  | Total
Net Sales |  | $ | 0.1 |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | 0.1 |
Cost of goods sold |  | 4.8 |  |  | — |  |  | 4.8 |  |  | 8.4 |  |  | — |  |  | 8.4 |
Other non-operating expense (income), net |  | — |  |  | (1.1) |  |  | (1.1) |  |  | — |  |  | (3.1) |  |  | (3.1) |
Income from discontinued operations, net of tax |  | 0.9 |  |  | 0.1 |  |  | 1.0 |  |  | 2.1 |  |  | 0.1 |  |  | 2.2 |

X
- 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//1943274/2147483586/944-220-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//1943274/2147483589/942-220-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
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration