ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Foreign currency translation adjustments, hedging activities and pension and post-retirement benefit adjustments are included in Accumulated Other Comprehensive Income (Loss) ("AOCI") a component of Total Equity.

The following tables present changes in AOCI by component for the three and nine months ended September 30, 2022 and October 2, 2021 (in millions):

	Three Months Ended
September 30, 2022	Hedging Activities		Pension and Post Retirement Benefit Adjustments		Foreign Currency Translation Adjustments		Total
Beginning Balance	$	2.9	$	(13.5)	$	(321.6)	$	(332.2)
Other Comprehensive Loss before Reclassifications	(4.6)		—		(179.5)		(184.1)
Tax Impact	1.1		—		—		1.1
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	(2.1)		0.2		—		(1.9)
Tax Impact	0.5		—		—		0.5
Net Current Period Other Comprehensive (Loss) Income	(5.1)		0.2		(179.5)		(184.4)
Ending Balance	$	(2.2)	$	(13.3)	$	(501.1)	$	(516.6)
October 2, 2021	Hedging Activities		Pension and Post Retirement Benefit Adjustments		Foreign Currency Translation Adjustments		Total
Beginning Balance	$	34.1	$	(30.4)	$	(167.8)	$	(164.1)
Other Comprehensive (Loss) Income before Reclassifications	(4.5)		0.1		(15.5)		(19.9)
Tax Impact	1.1		—		—		1.1
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	(14.6)		0.4		—		(14.2)
Tax Impact	3.5		(0.1)		—		3.4
Net Current Period Other Comprehensive (Loss) Income	(14.5)		0.4		(15.5)		(29.6)
Ending Balance	$	19.6	$	(30.0)	$	(183.3)	$	(193.7)

	Nine Months Ended
September 30, 2022	Hedging Activities		Pension and Post Retirement Benefit Adjustments		Foreign Currency Translation Adjustments		Total
Beginning Balance	$	21.0	$	(14.3)	$	(201.8)	$	(195.1)
Other Comprehensive (Loss) Income before Reclassifications	(13.6)		0.5		(299.3)		(312.4)
Tax Impact	3.3		—		—		3.3
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	(16.9)		0.6		—		(16.3)
Tax Impact	4.0		(0.1)		—		3.9
Net Current Period Other Comprehensive (Loss) Income	(23.2)		1.0		(299.3)		(321.5)
Ending Balance	$	(2.2)	$	(13.3)	$	(501.1)	$	(516.6)
October 2, 2021	Hedging Activities		Pension and Post Retirement Benefit Adjustments		Foreign Currency Translation Adjustments		Total
Beginning Balance	$	23.5	$	(31.1)	$	(155.7)	$	(163.3)
Other Comprehensive Income (Loss) before Reclassifications	32.2		0.1		(27.6)		4.7
Tax Impact	(7.7)		—		—		(7.7)
Amounts Reclassified from Accumulated Other Comprehensive Income (Loss)	(37.4)		1.3		—		(36.1)
Tax Impact	9.0		(0.3)		—		8.7
Net Current Period Other Comprehensive (Loss) Income	(3.9)		1.1		(27.6)		(30.4)
Ending Balance	$	19.6	$	(30.0)	$	(183.3)	$	(193.7)

The Condensed Consolidated Statements of Income line items affected by the hedging activities reclassified from AOCI in the tables above are disclosed in Note 13.

The reclassification amounts for pension and post-retirement benefit adjustments in the tables above are part of net periodic benefit costs recorded in Other Income, Net (see also Note 8).