BUSINESS OVERVIEW (Tables)

9 Months Ended

Sep. 30, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Reclassification of Accumulated Other Comprehensive Income

The changes in AOCI by component are summarized below ($ in millions):

	Foreign currency translation adjustments		Pension adjustments (a)			Total
For the Three Months Ended September 30, 2022:
Balance, July 1, 2022	$	(280.7)	$	(61.4)		$	(342.1)
Other comprehensive income (loss) before reclassifications, net of income taxes	(112.4)		—			(112.4)
Amounts reclassified from accumulated other comprehensive income (loss):
Increase (decrease)	—		1.2		(b)	1.2
Income tax impact	—		(0.4)			(0.4)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	—		0.8			0.8
Net current period other comprehensive income (loss), net of income taxes	(112.4)		0.8			(111.6)
Balance, September 30, 2022	$	(393.1)	$	(60.6)		$	(453.7)
For the Three Months Ended October 1, 2021:
Balance, July 2, 2021	$	(72.1)	$	(85.2)		$	(157.3)
Other comprehensive income (loss) before reclassifications, net of income taxes	(35.7)		—			(35.7)
Amounts reclassified from accumulated other comprehensive income (loss):
Increase (decrease)	—		1.2		(b)	1.2
Income tax impact	—		(0.3)			(0.3)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	—		0.9			0.9
Net current period other comprehensive income (loss), net of income taxes	(35.7)		0.9			(34.8)
Balance, October 1, 2021	$	(107.8)	$	(84.3)		$	(192.1)

	Foreign currency translation adjustments		Pension adjustments (a)			Total
For the Nine Months Ended September 30, 2022:
Balance, December 31, 2021	$	(122.7)	$	(62.3)		$	(185.0)
Other comprehensive income (loss) before reclassifications, net of income taxes	(273.1)		—			(273.1)
Amounts reclassified from accumulated other comprehensive income (loss):
Increase (decrease)	2.7		2.3		(b)	5.0
Income tax impact	—		(0.6)			(0.6)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	2.7		1.7			4.4
Net current period other comprehensive income (loss)	(270.4)		1.7			(268.7)
Balance, September 30, 2022	$	(393.1)	$	(60.6)		$	(453.7)
For the Nine Months Ended October 1, 2021:
Balance, December 31, 2020	$	(54.0)	$	(87.1)		$	(141.1)
Other comprehensive income (loss) before reclassifications, net of income taxes	(53.8)		—			(53.8)
Amounts reclassified from accumulated other comprehensive income (loss):
Increase (decrease)	—		3.7		(b)	3.7
Income tax impact	—		(0.9)			(0.9)
Amounts reclassified from accumulated other comprehensive income (loss), net of income taxes	—		2.8			2.8
Net current period other comprehensive income (loss)	(53.8)		2.8			(51.0)
Balance, October 1, 2021	$	(107.8)	$	(84.3)		$	(192.1)
(a) Includes balances relating to defined benefit plans, supplemental executive retirement plans, and other postretirement employee benefit plans.
(b) This component of AOCI is included in the computation of net periodic pension cost (refer to Note 12 in our most recently filed Form 10-K for additional details).

Schedule of Accounts Receivable, Allowance for Credit Loss

The following is a roll forward of the aggregated allowance for credit losses related to our trade accounts receivables as of September 30, 2022 ($ in millions):

Balance, December 31, 2021	$	39.7
Provision	10.9
Write-offs	(7.7)
Foreign currency exchange and other	(1.4)
Balance, September 30, 2022	$	41.5