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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 6 Months Ended
Jun. 28, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Changes in our AOCI balances, net of tax were as follows (in millions):
Fair Value of Derivative Financial Instruments, net of taxForeign Currency Translation Adjustments, net of taxPost-Employment Plan Adjustments, net of taxTotal AOCI
Balance at December 31, 2024$36.9 $(196.0)$(3.3)$(162.4)
OCI before reclassifications(16.4)263.9 (0.5)247.0 
Amounts reclassified from AOCI(9.6)— — (9.6)
Other comprehensive income (loss)$(26.0)$263.9 $(0.5)$237.4 
Balance at June 28, 2025$10.9 $67.9 $(3.8)$75.0 
For additional details about the effect of the amounts reclassified from AOCI refer to Note 10.

The tax effects on the net activity related to each component of other comprehensive income (loss), were as follows (in millions):
Three Months EndedSix Months Ended
Tax (benefit) expenseJune 28, 2025June 29, 2024June 28, 2025June 29, 2024
Fair value of derivative financial instruments $(2.4)$(0.4)$(6.2)$5.7 
Foreign currency translation adjustments (53.5)— (72.3)9.7 
Post-employment plan adjustments — — — (0.1)
(Benefit) expense for income taxes related to other comprehensive income (loss) $(55.9)$(0.4)$(78.5)$15.3 
Except for the tax effects of foreign currency translation adjustments related to our foreign-denominated notes and cross-currency interest rate swaps designated as net investment hedges (refer to Note 10), income taxes were not provided for foreign currency translation. Generally, the assets and liabilities of foreign operations are translated into U.S. dollars using the current exchange rate. For those operations, changes in exchange rates generally do not affect cash flows; therefore, resulting translation adjustments are made in the Condensed Consolidated Statements of Shareholders' Equity rather than in the Condensed Consolidated Statements of Operations.