A summary of changes in accumulated other comprehensive loss, net of tax, in the three and six months ended July 4, 2026, is shown below (in millions): | | | | | | | | | | | | | Three Months Ended July 4, 2026 | | Six Months Ended July 4, 2026 | | Defined benefit plans: | | | | | Balance at beginning of period | $ | (99.9) | | | $ | (100.7) | | | Reclassification adjustments | (0.1) | | | (0.2) | | | Other comprehensive income recognized during the period | 0.8 | | | 1.7 | | | Balance at end of period | $ | (99.2) | | | $ | (99.2) | | | Derivative instruments and hedging: | | | | | Balance at beginning of period | $ | 147.3 | | | $ | 146.2 | | Reclassification adjustments (net of tax benefit of $9.7 million and $17.3 million in the three and six months ended July 4, 2026, respectively) | (39.7) | | | (69.0) | | Other comprehensive income recognized during the period (net of tax expense of $17.7 million and $25.6 million in the three and six months ended July 4, 2026, respectively) | 70.4 | | | 100.8 | | | Balance at end of period | $ | 178.0 | | | $ | 178.0 | | | Foreign currency translation: | | | | | Balance at beginning of period | $ | (597.3) | | | $ | (589.8) | | Other comprehensive loss recognized during the period (net of tax expense of $1.9 million and $1.5 million in the three and six months ended July 4, 2026, respectively) | (3.9) | | | (11.4) | | | Balance at end of period | $ | (601.2) | | | $ | (601.2) | | | | | | | Total accumulated other comprehensive loss | $ | (522.4) | | | $ | (522.4) | |
A summary of changes in accumulated other comprehensive loss, net of tax, in the three and six months ended June 28, 2025, is shown below (in millions): | | | | | | | | | | | | | Three Months Ended June 28, 2025 | | Six Months Ended June 28, 2025 | | Defined benefit plans: | | | | | Balance at beginning of period | $ | (91.5) | | | $ | (91.1) | | Reclassification adjustments (net of tax benefit of $1.0 million and $1.1 million in the three and six months ended June 28, 2025, respectively) | 0.9 | | | 0.6 | | | Other comprehensive loss recognized during the period | (2.9) | | | (3.0) | | | Balance at end of period | $ | (93.5) | | | $ | (93.5) | | | Derivative instruments and hedging: | | | | | Balance at beginning of period | $ | (58.6) | | | $ | (133.7) | | Reclassification adjustments (net of tax expense of $0.2 million and $2.9 million in the three and six months ended June 28, 2025, respectively) | 1.3 | | | 11.2 | | Other comprehensive income recognized during the period (net of tax expense of $31.7 million and $49.1 million in the three and six months ended June 28, 2025, respectively) | 120.8 | | | 186.0 | | | Balance at end of period | $ | 63.5 | | | $ | 63.5 | | | Foreign currency translation: | | | | | Balance at beginning of period | $ | (799.6) | | | $ | (908.9) | | Other comprehensive income recognized during the period (net of tax benefit of $3.8 million and $5.1 million in the three and six months ended June 28, 2025, respectively) | 190.0 | | | 299.3 | | | Balance at end of period | $ | (609.6) | | | $ | (609.6) | | | | | | | Total accumulated other comprehensive loss | $ | (639.6) | | | $ | (639.6) | |
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