The effects of derivative financial instruments on the statements of comprehensive income for the twenty-six weeks ended June 28, 2025 and June 29, 2024 were as follows:
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(In millions) |
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Classification and Amount of Gain (Loss) Recognized in Income on Hedging Relationships |
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Twenty-Six Weeks Ended June 28, 2025 |
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Cost of products sold |
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Interest expense |
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Other income, net |
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Total amounts per Consolidated Statements of Comprehensive Income |
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$ |
1,238.7 |
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$ |
59.8 |
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$ |
8.2 |
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Gain (loss) on fair value hedging relationships |
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Foreign exchange contracts: |
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Hedged items |
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- |
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- |
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4.4 |
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Derivative designated as hedging instruments |
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- |
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- |
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(2.6 |
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Gain on net investment hedging relationships |
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1.7 |
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Gain (loss) on cash flow hedging relationships |
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Foreign exchange contracts: |
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Amount of gain or (loss) reclassified from accumulated other comprehensive (loss) income into income |
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- |
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- |
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- |
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Commodity contracts: |
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Amount of gain or (loss) reclassified from accumulated other comprehensive (loss) income into income |
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- |
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- |
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- |
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Interest rate contracts: |
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Amount of gain or (loss) reclassified from accumulated other comprehensive (loss) income into income |
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- |
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6.3 |
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- |
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(In millions) |
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Classification and Amount of Gain (Loss) Recognized in Income on Hedging Relationships |
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Twenty-Six Weeks Ended June 29, 2024 |
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Cost of products sold |
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Interest expense |
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Other income, net |
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Total amounts per Consolidated Statements of Comprehensive Income |
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$ |
1,320.9 |
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$ |
62.4 |
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$ |
3.6 |
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Gain (loss) on fair value hedging relationships |
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Foreign exchange contracts: |
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Hedged items |
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- |
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- |
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1.9 |
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Derivative designated as hedging instruments |
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- |
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- |
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(2.8 |
) |
Gain on net investment hedging relationships |
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0.3 |
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Gain (loss) on cash flow hedging relationships |
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Foreign exchange contracts: |
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Amount of gain or (loss) reclassified from accumulated other comprehensive (loss) income into income |
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0.4 |
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- |
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- |
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Commodity contracts: |
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Amount of gain or (loss) reclassified from accumulated other comprehensive (loss) income into income |
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- |
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- |
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- |
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Interest rate contracts: |
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Amount of gain or (loss) reclassified from accumulated other comprehensive (loss) income into income |
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- |
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6.3 |
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- |
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The effects of derivative financial instruments on the statements of comprehensive income for the thirteen weeks ended June 28, 2025 were as follows:
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(In millions) |
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Classification and Amount of Gain (Loss) Recognized in Income on Hedging Relationships |
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Thirteen Weeks Ended June 28, 2025 |
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Cost of products sold |
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Interest expense |
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Other income, net |
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Total amounts per Consolidated Statements of Comprehensive Income |
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$ |
660.1 |
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$ |
31.2 |
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$ |
7.3 |
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Gain (loss) on fair value hedging relationships |
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Foreign exchange contracts: |
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Hedged items |
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- |
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- |
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1.4 |
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Derivative designated as hedging instruments |
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- |
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- |
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- |
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Gain on net investment hedging relationships |
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0.7 |
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Gain (loss) on cash flow hedging relationships |
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Foreign exchange contracts: |
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Amount of gain or (loss) reclassified from accumulated other comprehensive (loss) income into income |
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0.4 |
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- |
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- |
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Commodity contracts: |
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Amount of gain or (loss) reclassified from accumulated other comprehensive (loss) income into income |
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- |
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- |
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- |
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Interest rate contracts: |
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Amount of gain or (loss) reclassified from accumulated other comprehensive (loss) income into income |
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- |
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3.2 |
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- |
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(In millions) |
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Classification and Amount of Gain (Loss) Recognized in Income on Hedging Relationships |
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Thirteen Weeks Ended June 29, 2024 |
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Cost of products sold |
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Interest expense |
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Other income, net |
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Total amounts per Consolidated Statements of Comprehensive Income |
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$ |
699.0 |
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$ |
32.3 |
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$ |
3.7 |
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Gain (loss) on fair value hedging relationships |
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Foreign exchange contracts: |
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Hedged items |
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- |
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- |
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1.1 |
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Derivative designated as hedging instruments |
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- |
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- |
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(0.9 |
) |
Gain on net investment hedging relationships |
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0.3 |
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Gain (loss) on cash flow hedging relationships |
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Foreign exchange contracts: |
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Amount of gain or (loss) reclassified from accumulated other comprehensive (loss) income into income |
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0.3 |
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- |
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- |
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Commodity contracts: |
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Amount of gain or (loss) reclassified from accumulated other comprehensive (loss) income into income |
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- |
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- |
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- |
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Interest rate contracts: |
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Amount of gain or (loss) reclassified from accumulated other comprehensive (loss) income into income |
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- |
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3.1 |
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- |
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