| Schedule of Changes in Accumulated Other Comprehensive Income |
The changes in AOCI by component are summarized below ($ in millions): | | | | | | | | | | | | | | | | | | | Foreign
currency
translation
adjustments | | Pension & post-retirement plan benefit adjustments (a) | | Total | | For the Three Months Ended June 27, 2025: | | | | | | | Balance, March 28, 2025 | $ | (361.3) | | | $ | (34.0) | | | $ | (395.3) | | Other comprehensive income (loss) before reclassifications: | | | | | | Increase (decrease): | 120.7 | | | — | | | 120.7 | | Income tax impact | (12.7) | | | — | | | (12.7) | | | Other comprehensive income (loss) before reclassifications, net of income taxes | 108.0 | | | — | | | 108.0 | | Amounts reclassified from AOCI into income: | | | | | | | Increase (decrease) | — | | (d) | — | | (c, d) | — | | | Income tax impact | — | | | — | | (d) | — | | Amounts reclassified from AOCI into income, net of income taxes | — | | | — | | | — | | | Net current period other comprehensive income (loss), net of income taxes | 108.0 | | | — | | | 108.0 | | | Balance, June 27, 2025 | $ | (253.3) | | | $ | (34.0) | | | $ | (287.3) | | | | | | | | | For the Three Months Ended June 28, 2024: | | | | | | | Balance, March 29, 2024 | $ | (368.2) | | | $ | (34.3) | | | $ | (402.5) | | Other comprehensive income (loss) before reclassifications: | | | | | | | Increase (decrease): | (33.1) | | | — | | | (33.1) | | | Income tax impact | 5.0 | | | — | | | 5.0 | | | Other comprehensive income (loss) before reclassifications, net of income taxes | (28.1) | | | — | | | (28.1) | | Amounts reclassified from AOCI into income: | | | | | | | Increase (decrease) | 7.0 | | (b) | 0.1 | | | 7.1 | | | Income tax impact | — | | | (0.1) | | | (0.1) | | Amounts reclassified from AOCI into income, net of income taxes | 7.0 | | | — | | | 7.0 | | | Net current period other comprehensive income (loss), net of income taxes | (21.1) | | | — | | | (21.1) | | | Balance, June 28, 2024 | $ | (389.3) | | | $ | (34.3) | | | $ | (423.6) | | | (a) Includes balances relating to defined benefit plans, supplemental executive retirement plans, and other postretirement employee benefit plans. | (b) This amount relates to the cumulative translation adjustment recognized in earnings upon the Invetech Divestiture. Refer to Note 1 for additional details. | (c) This component of AOCI is included in the computation of net periodic pension cost (refer to Note 10 in our 2024 Annual Report on Form 10-K for additional details). | (d) Amount was rounded to zero. | |
| | | | | | | | | | | | | | | | | | | Foreign
currency
translation
adjustments | | Pension & post-retirement plan benefit adjustments (a) | | Total | | For the Six Months Ended June 27, 2025: | | | | | | | Balance, December 31, 2024 | $ | (431.4) | | | $ | (34.0) | | | $ | (465.4) | | Other comprehensive income (loss) before reclassifications: | | | | | | Increase (decrease): | 198.7 | | | — | | | 198.7 | | Income tax impact | (20.6) | | | — | | | (20.6) | | Other comprehensive income (loss) before reclassifications, net of income taxes | 178.1 | | | — | | | 178.1 | | | Amounts reclassified from AOCI into income: | | | | | | | Increase (decrease) | — | | (d) | — | | (c, d) | — | | | Income tax impact | — | | | — | | (d) | — | | | Amounts reclassified from AOCI into income, net of income taxes | — | | | — | | | — | | | Net current period other comprehensive income (loss) | 178.1 | | | — | | | 178.1 | | | Balance, June 27, 2025 | $ | (253.3) | | | $ | (34.0) | | | $ | (287.3) | | | | | | | | | For the Six Months Ended June 28, 2024: | | | | | | | Balance, December 31, 2023 | $ | (291.7) | | | $ | (34.4) | | | $ | (326.1) | | Other comprehensive income (loss) before reclassifications: | | | | | | | Increase (decrease): | (113.2) | | | — | | | (113.2) | | | Income tax impact | 8.6 | | | — | | | 8.6 | | | Other comprehensive income (loss) before reclassifications, net of income taxes | (104.6) | | | — | | | (104.6) | | | Amounts reclassified from AOCI into income: | | | | | | | Increase (decrease) | 7.0 | | (b) | 0.2 | | (c) | 7.2 | | | Income tax impact | — | | | (0.1) | | | (0.1) | | | Amounts reclassified from AOCI into income, net of income taxes | 7.0 | | | 0.1 | | | 7.1 | | | Net current period other comprehensive income (loss) | (97.6) | | | 0.1 | | | (97.5) | | | Balance, June 28, 2024 | $ | (389.3) | | | $ | (34.3) | | | $ | (423.6) | | | | | | | | (a) Includes balances relating to defined benefit plans, supplemental executive retirement plans, and other postretirement employee benefit plans. | (b) This amount relates to the cumulative translation adjustment recognized in earnings upon the Invetech Divestiture. Refer to Note 1 for additional details. | (c) This component of AOCI is included in the computation of net periodic pension cost (refer to Note 10 in our 2024 Annual Report on Form 10-K for additional details). | (d) Amount was rounded to zero. |
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