Other Comprehensive Earnings (Loss) (Tables)

6 Months Ended

Jun. 27, 2021

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Schedule of Other Comprehensive Income (Loss), Tax Effect

The following table presents the related tax effects on changes in other comprehensive earnings (loss) for the quarters and six months ended June 27, 2021 and June 28, 2020.

	Quarter Ended				Six Months Ended
	June 27, 2021		June 28, 2020		June 27, 2021		June 28, 2020
Other comprehensive earnings (loss), tax effect:
Tax benefit on unrealized holding gains	$	—	$	(0.7)	$	—	(0.6)
Tax expense (benefit) on cash flow hedging activities	0.6		1.4		(0.4)		(5.8)
Tax benefit on foreign currency translation adjustments	—		8.4		—		8.4
Reclassifications to earnings, tax effect:
Tax (expense) benefit on cash flow hedging activities	(0.2)		1.2		—		1.5
Amortization of unrecognized pension and postretirement amounts	(0.1)		(0.1)		(0.1)		(0.2)
Total tax effect on other comprehensive earnings (loss)	$	0.3	$	10.2	$	(0.5)	3.3

Schedule of Accumulated Other Comprehensive Earnings (Loss)

Changes in the components of accumulated other comprehensive earnings (loss) for the six months ended June 27, 2021 and June 28, 2020 are as follows:

	Pension and Postretirement Amounts		Gains (Losses) on Derivative Instruments	Unrealized Holding Gains (Losses) on Available- for-Sale Securities	Foreign Currency Translation Adjustments	Total Accumulated Other Comprehensive Loss
2021
Balance at December 27, 2020	$	(40.7)	(22.1)	0.4	(132.6)	(195.0)
Current period other comprehensive earnings (loss)	0.4		3.0	0.2	7.9	11.5
Balance at June 27, 2021	$	(40.3)	(19.1)	0.6	(124.7)	(183.5)
2020
Balance at December 29, 2019	$	(36.2)	(5.2)	(0.2)	(142.6)	(184.2)
Current period other comprehensive earnings (loss)	0.6		12.4	2.1	(139.0)	(123.9)
Balance at June 28, 2020	$	(35.6)	7.2	1.9	(281.6)	(308.1)