Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 29, 2024

Equity [Abstract]

After-Tax Components of and Changes in Accumulated Other Comprehensive (Loss) Income

The after-tax components of and changes in accumulated other comprehensive (loss) income for the twenty-six and thirteen weeks ended June 29, 2024 and July 1, 2023 were as follows:

(In millions)	Foreign Currency Adjustments			Derivative Hedging Gain (Loss)			Defined Benefit Plan Adjustments			Accumulated Other Comprehensive Loss
Balance at December 31, 2022	$	(12.1	)	$	93.5		$	(44.0	)	$	37.4
Amounts classified into accumulated other    comprehensive (loss) income		13.0			4.4			(0.2	)		17.2
Other		-			-			6.2			6.2
Amounts reclassified from accumulated other    comprehensive (loss) income		-			(5.5	)		-			(5.5	)
Net current-period other comprehensive (loss) income		13.0			(1.1	)		6.0			17.9
Balance at July 1, 2023	$	0.9		$	92.4		$	(38.0	)	$	55.3
Balance at December 30, 2023	$	5.3		$	86.0		$	(28.0	)	$	63.3
Amounts classified into accumulated other    comprehensive (loss) income		(16.8	)		1.7			(0.1	)		(15.2	)
Amounts reclassified from accumulated other    comprehensive (loss) income		-			(5.1	)		-			(5.1	)
Net current-period other comprehensive (loss) income		(16.8	)		(3.4	)		(0.1	)		(20.3	)
Balance at June 29, 2024	$	(11.5	)	$	82.6		$	(28.1	)	$	43.0

(In millions)	Foreign Currency Adjustments			Derivative Hedging Gain (Loss)			Defined Benefit Plan Adjustments			Accumulated Other Comprehensive Loss
Balance at April 1, 2023	$	(4.1	)	$	85.0		$	(38.0	)	$	42.9
Amounts classified into accumulated other    comprehensive (loss) income		5.0			10.2			-			15.2
Amounts reclassified from accumulated other    comprehensive (loss) income		-			(2.8	)		-			(2.8	)
Net current-period other comprehensive (loss) income		5.0			7.4			-			12.4
Balance at July 1, 2023	$	0.9		$	92.4		$	(38.0	)	$	55.3
Balance at March 30, 2024	$	(5.0	)	$	84.5		$	(28.2	)	$	51.3
Amounts classified into accumulated other    comprehensive (loss) income		(6.5	)		0.7			0.1			(5.7	)
Amounts reclassified from accumulated other    comprehensive (loss) income		-			(2.6	)		-			(2.6	)
Net current-period other comprehensive (loss) income		(6.5	)		(1.9	)		0.1			(8.3	)
Balance at June 29, 2024	$	(11.5	)	$	82.6		$	(28.1	)	$	43.0

Reclassifications Out of Accumulated Other Comprehensive (Loss) Income

The reclassifications out of accumulated other comprehensive loss for the twenty-six and thirteen weeks ended June 29, 2024 and July 1, 2023 were as follows:

(In millions)
Details about Accumulated Other Comprehensive Loss Components	Amount Reclassified from Accumulated Other Comprehensive Loss						Affected Line Item in the Statement of Comprehensive Income
	Twenty-Six Weeks Ended June 29, 2024			Twenty-Six Weeks Ended July 1, 2023
Gains (losses) on cash flow hedges
Foreign exchange contracts	$	0.4		$	4.0		Cost of products sold
Commodity contracts		-			(0.1	)	Cost of products sold
Interest rate contracts		6.3			2.6		Interest expense
		6.7			6.5		Total before tax
		(1.6	)		(1.0	)	Tax expense
Total reclassifications for the period	$	5.1		$	5.5		Net of tax
(In millions)
Details about Accumulated Other Comprehensive Loss Components	Amount Reclassified from Accumulated Other Comprehensive Loss						Affected Line Item in the Statement of Comprehensive Income
	Thirteen Weeks Ended June 29, 2024			Thirteen Weeks Ended July 1, 2023
Gains (losses) on cash flow hedges
Foreign exchange contracts	$	0.3		$	2.0		Cost of products sold
Commodity contracts		-			(0.3	)	Cost of products sold
Interest rate contracts		3.1			1.5		Interest expense
		3.4			3.2		Total before tax
		(0.8	)		(0.4	)	Tax expense
Total reclassifications for the period	$	2.6		$	2.8		Net of tax