v3.26.1
ACCUMULATED OTHER COMPREHENSIVE INCOME
 6 Months Ended
Jul. 03, 2026
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME
NOTE 5. ACCUMULATED OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustments are generally not adjusted for income taxes as they relate to indefinite investments in non-U.S. subsidiaries.
The changes in Accumulated Other Comprehensive Income (Loss) (“AOCI”) by component are summarized below:
Foreign currency translation adjustments
Pension & post-retirement plan benefit adjustments (a)
Total
For the Three Months Ended July 3, 2026:
Balance, April 3, 2026$(295.7)$(14.9)$(310.6)
Other comprehensive loss before reclassifications:
Decrease(4.7)— (4.7)
Income tax impact0.7 — 0.7 
Other comprehensive loss before reclassifications, net of income tax expense(4.0)— (4.0)
Amounts reclassified from AOCI into income:
Increase— 0.1 0.1 
Income tax impact— — 
(b)
— 
Amounts reclassified from AOCI into income, net of income tax expense — 0.1 0.1 
Net current period other comprehensive (loss) income(4.0)0.1 (3.9)
Balance, July 3, 2026$(299.7)$(14.8)$(314.5)
For the Three Months Ended June 27, 2025:
Balance, March 28, 2025$(388.7)$(16.6)$(405.3)
Other comprehensive income before reclassifications:
Increase183.8 — 183.8 
Income tax impact(16.5)— (16.5)
Other comprehensive income before reclassifications, net of income tax expense167.3 — 167.3 
Amounts reclassified from AOCI into income:
Increase— 0.5 
(c)
0.5 
Income tax impact— (0.1)(0.1)
Amounts reclassified from AOCI into income, net of income tax expense— 0.4 0.4 
Net current period other comprehensive income167.3 0.4 167.7 
Balance, June 27, 2025$(221.4)$(16.2)$(237.6)
(a) Includes balances relating to defined benefit plans, supplemental executive retirement plans, and other postretirement employee benefit plans.
(b) The income tax impact amount was rounded to zero.
(c) This component of AOCI is included in the computation of net periodic pension cost (refer to Note 10 in the Company’s Notes to the Consolidated and Combined Financial Statements included in the Form 10-K for additional details).
Foreign currency translation adjustments
Pension & post-retirement plan benefit adjustments (a)
Total
For the Six Months Ended July 3, 2026:
Balance, December 31, 2025$(229.8)$(15.1)$(244.9)
Other comprehensive loss before reclassifications:
Decrease(73.3)— (73.3)
Income tax impact3.4 — 3.4 
Other comprehensive income before reclassifications, net of income tax expense(69.9)— (69.9)
Amounts reclassified from AOCI into income:
Increase— 0.4 0.4 
Income tax impact— (0.1)(0.1)
Amounts reclassified from AOCI into income, net of income tax expense— 0.3 0.3 
Net current period other comprehensive (loss) income(69.9)0.3 (69.6)
Balance, July 3, 2026$(299.7)$(14.8)$(314.5)
For the Six Months Ended June 27, 2025:
Balance, December 31, 2024$(474.5)$(16.8)$(491.3)
Other comprehensive income before reclassifications:
Increase278.1 — 278.1 
Income tax impact(25.0)— (25.0)
Other comprehensive income before reclassifications, net of income tax expense253.1 — 253.1 
Amounts reclassified from AOCI into income:
Increase— 0.7 
(b)
0.7 
Income tax impact— (0.1)(0.1)
Amounts reclassified from AOCI into income, net of income tax expense— 0.6 0.6 
Net current period other comprehensive income253.1 0.6 253.7 
Balance, June 27, 2025$(221.4)$(16.2)$(237.6)
(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 10 in the Company’s Notes to the Consolidated and Combined Financial Statements included in the Form 10-K for additional details).