Stockholders Equity and Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 30, 2024

Stockholders' Equity and Accumulated Other Comprehensive Loss

Schedule of components of accumulated other comprehensive loss, net of related taxes

	Cumulative
	Foreign		Cumulative
	Currency		Unrecognized
	Translation		Pension
(Millions of dollars)	Adjustment		Cost			Total
Balance, December 31, 2022	$	(401)	$	(21)		$	(422)
Other comprehensive income before reclassifications		12		1			13
Amounts reclassified from AOCL to net earnings		—		1	(a)		1
Other comprehensive income, net of tax		12		2			14
Balance, April 1, 2023		(389)		(19)			(408)
Balance, December 31, 2023	$	(404)	$	(6)		$	(410)
Other comprehensive loss before reclassifications		(2)		—			(2)
Amounts reclassified from AOCL to net earnings		—		2	(a)		2
Other comprehensive income, net of tax		(2)		2			—
Balance, March 30, 2024	$	(406)	$	(4)		$	(410)

(a) This reclassification adjustment primarily represents the amortization of actuarial losses (gains) that were included in net periodic pension cost.