v3.26.1
Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 27, 2026
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)

9. Accumulated Other Comprehensive Income (Loss)

 

The after-tax components of and changes in Accumulated other comprehensive (loss) income for the twenty-six and thirteen weeks ended June 27, 2026 and June 28, 2025 were as follows:

 

(In millions)

 

Foreign
Currency
Adjustments

 

 

Derivative
Hedging
Gain (Loss)

 

 

Defined
Benefit
Plan
Adjustments

 

 

Accumulated
Other
Comprehensive
Loss

 

Balance at December 28, 2024

 

$

(25.6

)

 

$

78.1

 

 

$

(10.1

)

 

$

42.4

 

Amounts classified into accumulated other
   comprehensive (loss) income

 

 

31.9

 

 

 

1.2

 

 

 

1.1

 

 

 

34.2

 

Amounts reclassified from accumulated other
   comprehensive (loss) income

 

 

-

 

 

 

(6.3

)

 

 

-

 

 

 

(6.3

)

Net current-period other comprehensive (loss) income

 

 

31.9

 

 

 

(5.1

)

 

 

1.1

 

 

 

27.9

 

Balance at June 28, 2025

 

$

6.3

 

 

$

73.0

 

 

$

(9.0

)

 

$

70.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 27, 2025

 

$

6.8

 

 

$

67.6

 

 

$

(10.2

)

 

$

64.2

 

Amounts classified into accumulated other
   comprehensive (loss) income

 

 

(11.4

)

 

 

1.2

 

 

 

(0.2

)

 

 

(10.4

)

Amounts reclassified from accumulated other
   comprehensive (loss) income

 

 

-

 

 

 

(5.4

)

 

 

-

 

 

 

(5.4

)

Net current-period other comprehensive (loss) income

 

 

(11.4

)

 

 

(4.2

)

 

 

(0.2

)

 

 

(15.8

)

Balance at June 27, 2026

 

$

(4.6

)

 

$

63.4

 

 

$

(10.4

)

 

$

48.4

 

 

(In millions)

 

Foreign
Currency
Adjustments

 

 

Derivative
Hedging
Gain (Loss)

 

 

Defined
Benefit
Plan
Adjustments

 

 

Accumulated
Other
Comprehensive
Loss

 

Balance at March 29, 2025

 

$

(17.2

)

 

$

75.1

 

 

$

(9.2

)

 

$

48.7

 

Amounts classified into accumulated other
   comprehensive (loss) income

 

 

23.5

 

 

 

1.4

 

 

 

0.2

 

 

 

25.1

 

Amounts reclassified from accumulated other
   comprehensive (loss) income

 

 

-

 

 

 

(3.5

)

 

 

-

 

 

 

(3.5

)

Net current-period other comprehensive (loss) income

 

 

23.5

 

 

 

(2.1

)

 

 

0.2

 

 

 

21.6

 

Balance at June 28, 2025

 

$

6.3

 

 

$

73.0

 

 

$

(9.0

)

 

$

70.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at March 28, 2026

 

$

(0.7

)

 

$

65.5

 

 

$

(10.4

)

 

$

54.4

 

Amounts classified into accumulated other
   comprehensive (loss) income

 

 

(3.9

)

 

 

0.8

 

 

 

-

 

 

 

(3.1

)

Amounts reclassified from accumulated other
   comprehensive (loss) income

 

 

-

 

 

 

(2.9

)

 

 

-

 

 

 

(2.9

)

Net current-period other comprehensive (loss) income

 

 

(3.9

)

 

 

(2.1

)

 

 

-

 

 

 

(6.0

)

Balance at June 27, 2026

 

$

(4.6

)

 

$

63.4

 

 

$

(10.4

)

 

$

48.4

 

 

 

 

The reclassifications out of Accumulated other comprehensive loss for the twenty-six and thirteen weeks ended June 27, 2026 and June 28, 2025 were as follows:

 

(In millions)

Details about Accumulated Other
Comprehensive Loss Components

 

Amount Reclassified from
Accumulated Other Comprehensive Loss

 

 

Affected Line Item in
the Statement of
Comprehensive Income

 

 

Twenty-Six Weeks Ended June 27, 2026

 

 

Twenty-Six Weeks Ended June 28, 2025

 

 

 

Gains (losses) on cash flow hedges

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

0.8

 

 

$

-

 

 

Cost of products sold

Interest rate contracts

 

 

6.3

 

 

 

6.3

 

 

Interest expense

Total before tax

 

 

7.1

 

 

 

6.3

 

 

 

Tax expense

 

 

(1.7

)

 

 

-

 

 

 

Net of tax

 

$

5.4

 

 

$

6.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

Details about Accumulated Other
Comprehensive Loss Components

 

Amount Reclassified from
Accumulated Other Comprehensive Loss

 

 

Affected Line Item in
the Statement of
Comprehensive Income

 

 

Thirteen Weeks Ended June 27, 2026

 

 

Thirteen Weeks Ended June 28, 2025

 

 

 

Gains (losses) on cash flow hedges

 

 

 

 

 

 

 

 

Foreign exchange contracts

 

$

0.6

 

 

$

0.4

 

 

Cost of products sold

Interest rate contracts

 

 

3.2

 

 

 

3.2

 

 

Interest expense

Total before tax

 

 

3.8

 

 

 

3.6

 

 

 

Tax expense

 

 

(0.9

)

 

 

(0.1

)

 

 

Total reclassifications for the period

 

$

2.9

 

 

$

3.5