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Investment in Unconsolidated Affiliates
12 Months Ended
Dec. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Investment in Unconsolidated Affiliates Investments in Unconsolidated Affiliates
Tecumseh

The Company owns a 50 percent interest in an unconsolidated affiliate that acquired Tecumseh and an entity that provides financing to Tecumseh. Tecumseh is a global manufacturer of hermetically sealed compressors for residential and specialty air conditioning, household refrigerators and freezers, and commercial refrigeration applications, including air conditioning and refrigeration compressors, as well as condensing units, heat pumps, and complete refrigeration systems.
The Company’s income (loss) from unconsolidated affiliates, net of foreign tax, for 2023, 2022, and 2021 included net losses of $22.7 million, net gains of $5.2 million, and net losses of $1.7 million, respectively, for Tecumseh.

Retail Distribution

The Company owns a 28 percent noncontrolling equity interest in a limited liability company in the retail distribution business.

The Company’s income (loss) from unconsolidated affiliates, net of foreign tax, for 2023, 2022, and 2021 included net gains of $7.9 million, $4.9 million, and $0.8 million, respectively, for the retail distribution business.