v3.26.1
BUSINESS OVERVIEW (Tables)
6 Months Ended
Jul. 03, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive Income
The changes in AOCI by component are summarized below ($ in millions):
Foreign
currency
translation
adjustments
Pension & post-retirement plan benefit adjustments (a)
Hedge adjustmentsTotal
For the Three Months Ended July 3, 2026:
Balance, April 3, 2026$56.6 $(17.8)$2.7 $41.5 
Other comprehensive income (loss) before reclassifications:
Increase (decrease):4.7 — 1.1 5.8 
Income tax impact
(2.0)— (0.3)(2.3)
Other comprehensive income before reclassifications, net of income taxes2.7 — 0.8 3.5 
Amounts reclassified from AOCI into income, net of income taxes
— (0.1)
(b)
(0.1)(0.2)
Net current period other comprehensive income (loss), net of income taxes2.7 (0.1)0.7 3.3 
Balance, July 3, 2026$59.3 $(17.9)$3.4 $44.8 
For the Three Months Ended June 27, 2025:
Balance, March 28, 2025$(361.3)$(34.0)$— $(395.3)
Other comprehensive income (loss) before reclassifications:
Increase (decrease):120.7 — — 120.7 
Income tax impact(12.7)— — (12.7)
Other comprehensive income before reclassifications, net of income taxes108.0 — — 108.0 
Amounts reclassified from AOCI into income, net of income taxes
— — 
(c)
— — 
Net current period other comprehensive income, net of income taxes
108.0 — — 108.0 
Balance, June 27, 2025$(253.3)$(34.0)$— $(287.3)
(a) Includes balances relating to defined benefit plans, supplemental executive retirement plans, and other postretirement employee benefit plans.
(b) This component of AOCI is included in the computation of net periodic pension cost (refer to Note 9 in our 2025 Annual Report on Form 10-K for additional details).
(c) Amount was rounded to zero.
Foreign
currency
translation
adjustments
Pension & post-retirement plan benefit adjustments (a)
Hedge adjustmentsTotal
For the Six Months Ended July 3, 2026:
Balance, December 31, 2025$58.8 $(17.7)$— $41.1 
Other comprehensive income (loss) before reclassifications:
Increase (decrease):
10.6 — 4.6 15.2 
Income tax impact
(10.1)— (1.1)(11.2)
Other comprehensive income before reclassifications, net of income taxes0.5 — 3.5 4.0 
Amounts reclassified from AOCI into income, net of income taxes
— (0.2)
(b)
(0.1)(0.3)
Net current period other comprehensive income (loss), net of income taxes0.5 (0.2)3.4 3.7 
Balance, July 3, 2026$59.3 $(17.9)$3.4 $44.8 
For the Six Months Ended June 27, 2025:
Balance, December 31, 2024$(431.4)$(34.0)$— $(465.4)
Other comprehensive income (loss) before reclassifications:
Increase (decrease):198.7 — — 198.7 
Income tax impact(20.6)— — (20.6)
Other comprehensive income before reclassifications, net of income taxes178.1 — — 178.1 
Amounts reclassified from AOCI into income, net of income taxes
— — 
(c)
— — 
Net current period other comprehensive income, net of income taxes
178.1 — — 178.1 
Balance, June 27, 2025$(253.3)$(34.0)$— $(287.3)
(a) Includes balances relating to defined benefit plans, supplemental executive retirement plans, and other postretirement employee benefit plans.
(b) This component of AOCI is included in the computation of net periodic pension cost (refer to Note 9 in our 2025 Annual Report on Form 10-K for additional details).
(c) Amount was rounded to zero.