| Accumulated Other Comprehensive Income (Loss) The changes in accumulated other comprehensive income (loss) (“AOCI”) by component, net of tax, as applicable, for the second quarter and six months ended June 29, 2025, and June 30, 2024, are as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency Translation | | Cash Flow Hedges | | Pension and Postretirement Benefits | | Total | Balance at March 30, 2025 | $ | (451.5) | | | $ | (0.9) | | | $ | (233.9) | | | $ | (686.3) | | | Other comprehensive income (loss) before reclassifications | 224.4 | | | 2.6 | | | — | | | 227.0 | | | Amounts reclassified from AOCI | — | | | (0.1) | | | 1.7 | | | 1.6 | | | Net other comprehensive income (loss) | 224.4 | | | 2.5 | | | 1.7 | | | 228.6 | | Balance at June 29, 2025 | $ | (227.1) | | | $ | 1.6 | | | $ | (232.2) | | | $ | (457.7) | | | | | | | | | | | Foreign Currency Translation | | Cash Flow Hedges | | Pension and Postretirement Benefits | | Total | Balance at March 31, 2024 | $ | (481.5) | | | $ | 4.0 | | | $ | (247.5) | | | $ | (725.0) | | | Other comprehensive income (loss) before reclassifications | (5.8) | | | (2.0) | | | — | | | (7.8) | | | Amounts reclassified from AOCI | — | | | (0.3) | | | 2.1 | | | 1.8 | | | Net other comprehensive income (loss) | (5.8) | | | (2.3) | | | 2.1 | | | (6.0) | | Balance at June 30, 2024 | $ | (487.3) | | | $ | 1.7 | | | $ | (245.4) | | | $ | (731.0) | | | | | | | | | | | Foreign Currency Translation | | Cash Flow Hedges and Other | | Pension and Postretirement Benefits | | Total | Balance at December 29, 2024 | $ | (602.3) | | | $ | (2.2) | | | $ | (235.4) | | | $ | (839.9) | | | Other comprehensive income (loss) before reclassifications | 375.2 | | | 3.2 | | | — | | | 378.4 | | | Amounts reclassified from AOCI | — | | | 0.6 | | | 3.2 | | | 3.8 | | | Net other comprehensive income (loss) | 375.2 | | | 3.8 | | | 3.2 | | | 382.2 | | Balance at June 29, 2025 | $ | (227.1) | | | $ | 1.6 | | | $ | (232.2) | | | $ | (457.7) | | | | | | | | | | | Foreign Currency Translation | | Cash Flow Hedges and Other | | Pension and Postretirement Benefits | | Total | Balance at December 31, 2023 | $ | (392.7) | | | $ | 8.2 | | | $ | (249.6) | | | $ | (634.1) | | | Other comprehensive income (loss) before reclassifications | (94.6) | | | 0.7 | | | — | | | (93.9) | | | Amounts reclassified from AOCI | — | | | (7.2) | | | 4.2 | | | (3.0) | | | Net other comprehensive income (loss) | (94.6) | | | (6.5) | | | 4.2 | | | (96.9) | | Balance at June 30, 2024 | $ | (487.3) | | | $ | 1.7 | | | $ | (245.4) | | | $ | (731.0) | |
The reclassifications out of AOCI to net income for the second quarter ended June 29, 2025, and June 30, 2024 are as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | Amount Reclassified from AOCI for the Quarter Ended June 29, 2025 | | Amount Reclassified from AOCI for the Quarter Ended June 30, 2024 | | Statement of Income (Loss) Presentation | (Gain) loss on cash flow hedges: | | | | | | | (Gain) loss recognized in income on derivatives | | $ | (0.1) | | | $ | (0.4) | | | | | Income tax impact | | — | | | 0.1 | | | Provision for income taxes | | Total | | $ | (0.1) | | | $ | (0.3) | | | | | | | | | | | | Amortization of defined benefit pension and postretirement plan items: | | | | | | | | Amortization of prior service cost | | $ | — | | | $ | (0.1) | | | Costs and expenses | | Amortization of net actuarial loss | | 2.3 | | | 2.9 | | | Costs and expenses | | Total before tax | | 2.3 | | | 2.8 | | | | | Income tax impact | | (0.6) | | | (0.7) | | | Provision for income taxes | | Total | | $ | 1.7 | | | $ | 2.1 | | | |
| | | | | | | | | | | | | | | | | | | | | | | Amount Reclassified from AOCI for the Six Months Ended June 29, 2025 | | Amount Reclassified from AOCI for the Six Months Ended June 30, 2024 | | Statement of Income (Loss) Presentation | (Gain) loss on cash flow hedges: | | | | | | | (Gain) loss recognized in income on derivatives | | $ | 0.8 | | | $ | (9.7) | | | | | Income tax impact | | (0.2) | | | 2.5 | | | Provision for income taxes | | Total | | $ | 0.6 | | | $ | (7.2) | | | | | | | | | | | | Amortization of defined benefit pension and postretirement plan items: | | | | | | | | Amortization of prior service cost | | $ | 0.1 | | | $ | (0.2) | | | Costs and expenses | | Amortization of net actuarial loss | | 4.1 | | | 5.8 | | | Costs and expenses | | Total before tax | | 4.2 | | | 5.6 | | | | | Income tax impact | | (1.0) | | | (1.4) | | | Provision for income taxes | | Total | | $ | 3.2 | | | $ | 4.2 | | | |
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