Other Comprehensive Earnings (Loss) (Tables)

9 Months Ended

Sep. 25, 2022

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Schedule of Other Comprehensive Income (Loss), Tax Effect

The following table presents the related tax effects on changes in other comprehensive earnings (loss) for the quarters and nine months ended September 25, 2022 and September 26, 2021.


	Quarter Ended			Nine months ended
	September 25, 2022		September 26, 2021	September 25, 2022		September 26, 2021

Other comprehensive earnings (loss), tax effect:
Tax expense on unrealized holding gains	$	—	0.1	$	0.1	—
Tax expense on cash flow hedging activities	(1.7)		(0.3)	(2.1)		(0.7)


Reclassifications to earnings, tax effect:
Tax expense (benefit) on cash flow hedging activities	0.6		(0.3)	0.5		(0.3)

Amortization of unrecognized pension and postretirement amounts	—		(0.1)	(0.1)		(0.2)

Total tax effect on other comprehensive loss	$	(1.1)	(0.6)	$	(1.6)	(1.2)

Schedule of Accumulated Other Comprehensive Earnings (Loss), Net of Tax

Changes in the components of accumulated other comprehensive earnings (loss), net of tax for the nine months ended September 25, 2022 and September 26, 2021 are as follows:


	Pension and Postretirement Amounts		Gains (Losses) on Derivative Instruments	Unrealized Holding Gains (Losses) on Available- for-Sale Securities	Foreign Currency Translation Adjustments	Total Accumulated Other Comprehensive Loss
2022
Balance at December 26, 2021	$	(35.1)	(6.0)	0.2	(194.4)	(235.3)
Current period other comprehensive earnings (loss)	0.3		13.4	(0.3)	(103.0)	(89.6)
Balance at September 25, 2022	$	(34.8)	7.4	(0.1)	(297.4)	(324.9)

2021
Balance at December 27, 2020	$	(40.7)	(22.1)	0.3	(132.5)	(195.0)

Current period other comprehensive earnings (loss)	0.6		9.5	(0.1)	(23.6)	(13.6)
Balance at September 26, 2021	$	(40.1)	(12.6)	0.2	(156.1)	(208.6)