Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jul. 04, 2026

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.