| Accumulated Other Comprehensive Income (Loss) Below is a summary of net changes in Accumulated OCI by component and net of tax for the three months ended July 4, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | (Amounts in millions) | Foreign
Currency
Translation | | Cash Flow
Hedges | | Defined
Benefit
Pension and
Postretirement
Plans | | Total | | Balance as of April 4, 2026 | $ | (162.2) | | | $ | 1.9 | | | $ | (215.6) | | | $ | (375.9) | | | Other comprehensive loss before reclassifications | (9.6) | | | — | | | — | | | (9.6) | | | Amounts reclassified from Accumulated OCI | — | | | (0.4) | | | 3.3 | | | 2.9 | | | Net other comprehensive income (loss) | (9.6) | | | (0.4) | | | 3.3 | | | (6.7) | | | Balance as of July 4, 2026 | $ | (171.8) | | | $ | 1.5 | | | $ | (212.3) | | | $ | (382.6) | |
Below is a summary of net changes in Accumulated OCI by component and net of tax for the six months ended July 4, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | (Amounts in millions) | Foreign
Currency
Translation | | Cash Flow
Hedges | | Defined
Benefit
Pension and
Postretirement
Plans | | Total | | Balance as of January 3, 2026 | $ | (138.3) | | | $ | 2.3 | | | $ | (218.8) | | | $ | (354.8) | | | Other comprehensive loss before reclassifications | (33.5) | | | — | | | — | | | (33.5) | | | Amounts reclassified from Accumulated OCI | — | | | (0.8) | | | 6.5 | | | 5.7 | | | Net other comprehensive income (loss) | (33.5) | | | (0.8) | | | 6.5 | | | (27.8) | | | Balance as of July 4, 2026 | $ | (171.8) | | | $ | 1.5 | | | $ | (212.3) | | | $ | (382.6) | |
Below is a summary of net changes in Accumulated OCI by component and net of tax for the three months ended June 28, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | (Amounts in millions) | Foreign
Currency
Translation | | Cash Flow
Hedges | | Defined
Benefit
Pension and
Postretirement
Plans | | Total | | Balance as of March 29, 2025 | $ | (248.6) | | | $ | 3.6 | | | $ | (254.5) | | | $ | (499.5) | | | Other comprehensive income before reclassifications | 93.4 | | | — | | | — | | | 93.4 | | | Amounts reclassified from Accumulated OCI | — | | | (0.4) | | | 4.0 | | | 3.6 | | | Net other comprehensive income (loss) | 93.4 | | | (0.4) | | | 4.0 | | | 97.0 | | | Balance as of June 28, 2025 | $ | (155.2) | | | $ | 3.2 | | | $ | (250.5) | | | $ | (402.5) | |
Below is a summary of net changes in Accumulated OCI by component and net of tax for the six months ended June 28, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | (Amounts in millions) | Foreign
Currency
Translation | | Cash Flow
Hedges | | Defined
Benefit
Pension and
Postretirement
Plans | | Total | | Balance as of December 28, 2024 | $ | (320.6) | | | $ | 4.0 | | | $ | (258.4) | | | $ | (575.0) | | | Other comprehensive income before reclassifications | 165.4 | | | — | | | — | | | 165.4 | | | Amounts reclassified from Accumulated OCI | — | | | (0.8) | | | 7.9 | | | 7.1 | | | Net other comprehensive income (loss) | 165.4 | | | (0.8) | | | 7.9 | | | 172.5 | | | Balance as of June 28, 2025 | $ | (155.2) | | | $ | 3.2 | | | $ | (250.5) | | | $ | (402.5) | | | | | | | | | |
The reclassifications out of Accumulated OCI for the three and six month periods ended July 4, 2026, and June 28, 2025, are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Amount Reclassified from Accumulated OCI | | | | Three Months Ended | | Six Months Ended | | | | (Amounts in millions) | July 4,
2026 | | June 28,
2025 | | July 4,
2026 | | June 28,
2025 | | Statement of Earnings
Presentation | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gains on cash flow hedges: | | | | | | | | | | | Treasury locks | $ | 0.4 | | | $ | 0.4 | | | $ | 0.8 | | | $ | 0.8 | | | Interest expense | | Income tax expense | — | | | — | | | — | | | — | | | Income tax expense | | Net of tax | 0.4 | | | 0.4 | | | 0.8 | | | 0.8 | | | | | | | | | | | | | | Amortization of net unrecognized losses | $ | (4.4) | | | $ | (5.4) | | | $ | (8.7) | | | $ | (10.6) | | | See footnote below* | | Income tax benefit | 1.1 | | | 1.4 | | | 2.2 | | | 2.7 | | | Income tax expense | | Net of tax | (3.3) | | | (4.0) | | | (6.5) | | | (7.9) | | | | Total reclassifications for the period, net of tax | $ | (2.9) | | | $ | (3.6) | | | $ | (5.7) | | | $ | (7.1) | | | |
| | | | | | | | | | | | | * | These Accumulated OCI components are included in the computation of net periodic pension and postretirement health care costs; see Note 10 and Note 11 for additional information. |
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