Analysis of accumulated other comprehensive (loss) income

6 Months Ended

Jun. 29, 2024

Equity [Abstract]

Analysis of accumulated other comprehensive (loss) income

Analysis of accumulated other comprehensive (loss) income

Changes in accumulated other comprehensive (loss) income by component, net of tax, were as follows:

(dollars in millions)	Post- retirement benefits		Cumulative translation adjustment		Cash flow hedges		Accumulated OCI attributable to shareholders		Non-controlling interests		Accumulated OCI
As of December 30, 2023	$	(15.3)	$	(832.3)	$	19.1	$	(828.5)	$	(78.4)	$	(906.9)
Foreign currency translation	(0.1)		(119.0)		—		(119.1)		(19.5)		(138.6)
Cash flow hedges movements	—		—		(0.5)		(0.5)		—		(0.5)
Post-retirement benefit movements	(0.9)		—		—		(0.9)		—		(0.9)
Other comprehensive loss	(1.0)		(119.0)		(0.5)		(120.5)		(19.5)		(140.0)
As of June 29, 2024	$	(16.3)	$	(951.3)	$	18.6	$	(949.0)	$	(97.9)	$	(1,046.9)

(dollars in millions)	Post- retirement benefits		Cumulative translation adjustment		Cash flow hedges		Accumulated OCI attributable to shareholders		Non-controlling interests		Accumulated OCI
As of December 31, 2022	$	0.6	$	(950.0)	$	31.6	$	(917.8)	$	(64.6)	$	(982.4)
Foreign currency translation	(3.2)		90.8		—		87.6		(23.6)		64.0
Cash flow hedges movements	—		—		5.6		5.6		—		5.6
Post-retirement benefit movements	(1.3)		—		—		(1.3)		—		(1.3)
Other comprehensive (loss) income	(4.5)		90.8		5.6		91.9		(23.6)		68.3
As of July 1, 2023	$	(3.9)	$	(859.2)	$	37.2	$	(825.9)	$	(88.2)	$	(914.1)