XML 82 R68.htm IDEA: XBRL DOCUMENT v3.23.3
Derivative Instruments and Hedging Activities - Effect of Cash Flow Hedges Included in AOCI (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Sep. 30, 2023
Oct. 01, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Amount of Gain/(Loss) Recorded in OCI, Cash flow hedges $ 10.9 $ 67.0 $ 3.9 $ 55.9
Cash flow hedge gain (loss) reclassified to earnings, net 6.4 (0.8) 16.6 (3.5)
Gain (loss) from components excluded from assessment of cash flow hedge effectiveness, net, total 0.3 (1.3) 0.0 (2.1)
Foreign currency cash flow hedge loss to be reclassified during next 12 months 1.2   1.2  
Interest Expense, net        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Amount of gain or (loss) reclassified from AOCI into earnings , Foreign currency forward contracts 0.0 0.0 0.0 0.0
Gain (loss) recognized in earnings on derivatives related to amounts excluded from effectiveness testing, Interest rate swap agreements 0.0 0.0 0.0 0.0
Amount excluded from effectiveness testing recognized using a systematic and rational amortization approach 0.0 0.0 0.0 0.0
Net Sales        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Amount of gain or (loss) reclassified from AOCI into earnings , Foreign currency forward contracts (0.2) 0.4 0.0 0.9
Amount excluded from effectiveness testing recognized using a systematic and rational amortization approach 0.2 (0.2) 0.4 (0.3)
Cost of Sales        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Amount of gain or (loss) reclassified from AOCI into earnings , Foreign currency forward contracts 0.2 (1.7) 0.4 (2.9)
Amount excluded from effectiveness testing recognized using a systematic and rational amortization approach 0.1 (0.1) 0.1 (0.1)
Other (income) expense, net        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Amount of gain or (loss) reclassified from AOCI into earnings , Foreign currency forward contracts 0.0 0.0 0.0 0.0
Amount excluded from effectiveness testing recognized using a systematic and rational amortization approach 0.0 (1.0) (0.5) (1.7)
Interest rate swap agreements | Interest Expense, net        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Amount of Gain/(Loss) Recorded in OCI, Cash flow hedges 17.7 65.4 20.9 59.2
Amount of gain or (loss) reclassified from AOCI into earnings, Interest rate swap agreements 6.4 0.5 16.2 (1.4)
Interest rate swap agreements | Net Sales        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Amount of gain or (loss) reclassified from AOCI into earnings, Interest rate swap agreements 0.0 0.0 0.0 0.0
Interest rate swap agreements | Cost of Sales        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Amount of gain or (loss) reclassified from AOCI into earnings, Interest rate swap agreements 0.0 0.0 0.0 0.0
Foreign currency forward contracts        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Amount of Gain/(Loss) Recorded in OCI, Cash flow hedges (6.8) 1.6 (17.0) (3.3)
Cross-currency swap        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Amount of Gain/(Loss) Recorded in OCI, Net investment hedges 40.1 90.5 (0.1) 124.7
Cross-currency swap | Interest Expense, net        
Derivative Instruments and Hedging Activities Disclosures [Line Items]        
Amount excluded from effectiveness testing recognized using a systematic and rational amortization approach $ 6.4 $ (6.7) $ 19.2 $ (10.9)