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Net Investment Hedge
6 Months Ended
Jul. 02, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Net Investment Hedge Net Investment HedgeAll of our euro denominated notes were issued by Belden Inc., a USD functional currency entity. As of July 2, 2023, €567.8 million of our outstanding foreign denominated debt is designated as a net investment hedge on the foreign currency risk of our net investment in our euro foreign operations. The objective of the hedge is to protect the net investment in the foreign operation against adverse changes in the euro exchange rate. The transaction gain or loss is reported in the translation adjustment section of other comprehensive income. For the six months ended July 2, 2023 and July 3, 2022, the transaction gain (loss) associated with the net investment hedge reported in other comprehensive income was $(13.0) million and $53.5 million, respectively. In 2022, we de-designated €200.0 million of our outstanding debt that was previously designated as a net investment hedge. After the de-designation, transaction gains or losses associated with this €200.0 million of debt are reported in income from continuing operations.