| Schedule of Changes in Balances to Components of Accumulated Other Comprehensive Loss |
The following tables summarize the changes in the balances for each component of Accumulated other comprehensive loss for the three and six months ended July 4, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Millions of Dollars) | | Currency translation adjustment and other | | Cash flow hedges, net of tax | | Net investment hedges, net of tax | | Pension and other postretirement benefits, net of tax | | Total | | Balance - April 4, 2026 | | $ | (1,808.4) | | | $ | (29.7) | | | $ | 54.0 | | | $ | (215.3) | | | $ | (1,999.4) | | | Other comprehensive (loss) income before reclassifications | | (27.5) | | | 3.4 | | | (5.9) | | | 4.1 | | | (25.9) | | | | | | | | | | | | | | Reclassification adjustments to earnings | | — | | | 1.5 | | | (0.5) | | | 4.6 | | | 5.6 | | | Net other comprehensive (loss) income | | (27.5) | | | 4.9 | | | (6.4) | | | 8.7 | | | (20.3) | | | Balance - July 4, 2026 | | $ | (1,835.9) | | | $ | (24.8) | | | $ | 47.6 | | | $ | (206.6) | | | $ | (2,019.7) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Millions of Dollars) | | Currency translation adjustment and other | | Cash flow hedges, net of tax | | Net investment hedges, net of tax | | Pension and other postretirement benefits, net of tax | | Total | | Balance - January 3, 2026 | | $ | (1,761.6) | | | $ | (43.2) | | | $ | 48.9 | | | $ | (214.5) | | | $ | (1,970.4) | | | Other comprehensive (loss) income before reclassifications | | (74.3) | | | 14.2 | | | — | | | 0.5 | | | (59.6) | | | | | | | | | | | | | | Reclassification adjustments to earnings | | — | | | 4.2 | | | (1.3) | | | 7.4 | | | 10.3 | | | Net other comprehensive (loss) income | | (74.3) | | | 18.4 | | | (1.3) | | | 7.9 | | | (49.3) | | | Balance - July 4, 2026 | | $ | (1,835.9) | | | $ | (24.8) | | | $ | 47.6 | | | $ | (206.6) | | | $ | (2,019.7) | |
The following tables summarize the changes in the balances for each component of Accumulated other comprehensive loss for the three and six months ended June 28, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Millions of Dollars) | | Currency translation adjustment and other | | Cash flow hedges, net of tax | | Net investment hedges, net of tax | | Pension and other postretirement benefits, net of tax | | Total | | Balance - March 29, 2025 | | $ | (2,033.7) | | | $ | (25.7) | | | $ | 80.4 | | | $ | (213.5) | | | $ | (2,192.5) | | | Other comprehensive income (loss) before reclassifications | | 288.4 | | | (31.0) | | | (36.6) | | | (5.6) | | | 215.2 | | | | | | | | | | | | | | Reclassification adjustments to earnings | | — | | | (2.7) | | | — | | | 1.6 | | | (1.1) | | | Net other comprehensive income (loss) | | 288.4 | | | (33.7) | | | (36.6) | | | (4.0) | | | 214.1 | | | Balance - June 28, 2025 | | $ | (1,745.3) | | | $ | (59.4) | | | $ | 43.8 | | | $ | (217.5) | | | $ | (1,978.4) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Millions of Dollars) | | Currency translation adjustment and other | | Cash flow hedges, net of tax | | Net investment hedges, net of tax | | Pension and other postretirement benefits, net of tax | | Total | | Balance - December 28, 2024 | | $ | (2,170.2) | | | $ | (16.7) | | | $ | 78.4 | | | $ | (212.4) | | | $ | (2,320.9) | | | Other comprehensive income (loss) before reclassifications | | 424.9 | | | (39.1) | | | (34.6) | | | (8.3) | | | 342.9 | | | | | | | | | | | | | | Reclassification adjustments to earnings | | — | | | (3.6) | | | — | | | 3.2 | | | (0.4) | | | Net other comprehensive income (loss) | | 424.9 | | | (42.7) | | | (34.6) | | | (5.1) | | | 342.5 | | | Balance - June 28, 2025 | | $ | (1,745.3) | | | $ | (59.4) | | | $ | 43.8 | | | $ | (217.5) | | | $ | (1,978.4) | |
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| Schedule of Reclassifications out of Accumulated Other Comprehensive Loss |
The reclassifications out of Accumulated other comprehensive loss for the three and six months ended July 4, 2026 and June 28, 2025 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Second Quarter | | Year-To-Date | | Affected line item in Consolidated Statements of Operations And Comprehensive Income | | (Millions of Dollars) | | 2026 | | 2025 | | 2026 | | 2025 | | | Realized (losses) gains on cash flow hedges | | $ | (2.5) | | | $ | 5.1 | | | $ | (6.8) | | | $ | 8.7 | | | Cost of sales | | Realized losses on cash flow hedges | | (1.2) | | | (0.8) | | | (2.6) | | | (2.5) | | | Interest expense | | Total before taxes | | $ | (3.7) | | | $ | 4.3 | | | $ | (9.4) | | | $ | 6.2 | | | | | Tax effect | | 2.2 | | | (1.6) | | | 5.2 | | | (2.6) | | | Income taxes | | Realized (losses) gains on cash flow hedges, net of tax | | $ | (1.5) | | | $ | 2.7 | | | $ | (4.2) | | | $ | 3.6 | | | | | | | | | | | | | | | | Realized gains on net investment hedges | | $ | 0.7 | | | $ | — | | | $ | 1.8 | | | $ | — | | | Other, net | | Tax effect | | (0.2) | | | — | | | (0.5) | | | — | | | Income taxes | | Realized gains on net investment hedges, net of tax | | $ | 0.5 | | | $ | — | | | $ | 1.3 | | | $ | — | | | | | | | | | | | | | | | | Amortization of defined benefit pension items: | | | | | | | | | | | | Actuarial losses and prior service costs/credits | | $ | (2.3) | | | $ | (2.1) | | | $ | (4.5) | | | $ | (4.2) | | | Other, net | | Settlement/curtailment loss | | (4.1) | | | — | | | (5.6) | | | — | | | Other, net and Restructuring Charges | | Total before taxes | | $ | (6.4) | | | $ | (2.1) | | | $ | (10.1) | | | $ | (4.2) | | | | | Tax effect | | 1.8 | | | 0.5 | | | 2.7 | | | 1.0 | | | Income taxes | | Amortization of defined benefit pension items, net of tax | | $ | (4.6) | | | $ | (1.6) | | | $ | (7.4) | | | $ | (3.2) | | | |
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