Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Apr. 01, 2022

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Loss

The following table includes the changes in accumulated other comprehensive loss by component (U.S. dollars in millions): 

	Changes in Accumulated Other Comprehensive Loss by Component (1)
	Cash Flow Hedges			Foreign Currency Translation Adjustment			Retirement Benefit Adjustment		Total
	Quarter ended April 1, 2022
Balance at December 31, 2021	$	(40.9)		$	(17.4)		$	(8.6)	$	(66.9)
Other comprehensive income (loss)     before reclassifications	33.5		(3)	(7.4)		(2)	(0.3)		25.8
Amounts reclassified from accumulated     other comprehensive loss	4.3			—			0.2		4.5
Net current period other comprehensive     income (loss)	37.8			(7.4)			(0.1)		30.3
Balance at April 1, 2022	$	(3.1)		$	(24.8)		$	(8.7)	$	(36.6)
	Quarter ended April 2, 2021
Balance at January 1, 2021	$	(49.6)		$	(3.3)		$	(24.1)	$	(77.0)
Other comprehensive income (loss)     before reclassifications	24.4		(3)	(4.8)		(2)	(0.8)		18.8
Amounts reclassified from accumulated     other comprehensive loss	1.2		(4)	—			0.2		1.4
Net current period other comprehensive     income (loss)	25.6			(4.8)			(0.6)		20.2
Balance at April 2, 2021	$	(24.0)		$	(8.1)		$	(24.7)	$	(56.8)

(1) All amounts are net of tax and noncontrolling interest.

(2) Includes a loss of $2.6 million and $3.4 million for the quarter ended April 1, 2022 and quarter ended April 2, 2021, respectively, on intra-entity foreign currency transactions that are of a long-term-investment nature.

(3) Includes a tax effect of $(3.0) million and $(1.8) million for the quarter ended April 1, 2022 and quarter ended April 2, 2021, respectively.

(4) Includes amounts reclassified for both designated and dedesignated cash flow hedges. Refer to the following table for the amounts of each.

15.  Accumulated Other Comprehensive Loss (continued)

The following table includes details about amounts reclassified from accumulated other comprehensive loss by component (U.S. dollars in millions): 

	Amount of (gain) loss reclassified from accumulated other comprehensive loss
	Quarter ended
Details about accumulated other comprehensive loss components	April 1, 2022		April 2, 2021		Affected line item in the statement where net income is presented
Cash flow hedges:
Designated as hedging instruments:
Foreign currency cash flow hedges	$	(1.6)	$	0.6	Net sales
Foreign currency cash flow hedges	3.2		0.4		Cost of products sold
Interest rate swaps	2.7		2.8		Interest expense
Bunker fuel swaps no longer designated as hedging instruments	—		(1.6)		Cost of products sold
Bunker fuel swaps no longer designated as hedging instruments	—		(1.0)		Other expense, net
Total	$	4.3	$	1.2
Amortization of retirement benefits:
Actuarial losses	0.2		0.2		Other expense, net
Total	$	0.2	$	0.2