Accumulated Other Comprehensive (Loss) Income - (Tables)

3 Months Ended

Mar. 30, 2024

Schedule of Changes in Accumulated Other Comprehensive (Loss) Income by Component

Changes in AOCI by component for the three months ended March 30, 2024 and April 1, 2023 were as follows:


(in millions of U.S. dollars) 1	Gains and Losses on Derivative Instruments		Pension Benefit Plan Items		Currency Translation Adjustment Items		Total






Balance as of December 30, 2023	$	—	$	(0.8)	$	(104.3)	$	(105.1)
OCI before reclassifications	(2.3)		—		(5.5)		(7.8)
Amounts reclassified from AOCI 2	1.6		—		—		1.6
Net current-period OCI	(0.7)		—		(5.5)		(6.2)
Balance as of March 30, 2024	$	(0.7)	$	(0.8)	$	(109.8)	$	(111.3)







Balance as of December 31, 2022	$	—	$	1.2	$	(83.4)	$	(82.2)
OCI before reclassifications	—		—		(6.6)		(6.6)

Net current-period OCI	—		—		(6.6)		(6.6)
Balance as of April 1, 2023	$	—	$	1.2	$	(90.0)	$	(88.8)

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1All amounts are net of tax. Amounts in parentheses indicate debits.

2During the three months ended March 30, 2024, $2.2 million of losses were reclassified from AOCI related to the amounts excluded from the effectiveness testing recognized in earnings for the foreign exchange forward contracts. The effect of the loss was included in Other income, net on the Consolidated Statements of Operations. The tax impact of the losses was $0.6 million recorded within Income tax expense on the Consolidated Statements of Operations. There were no amounts reclassified from AOCI during the three months ended April 1, 2023.