Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jul. 01, 2022

Equity [Abstract]

Schedule of accumulated other comprehensive income (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
	Six months ended July 1, 2022
Balance at December 31, 2021	$	(40.9)		$	(17.4)		$	(8.6)	$	(66.9)
Other comprehensive income (loss)     before reclassifications	44.8		(3)	(21.4)		(2)	0.1		23.5
Amounts reclassified from accumulated     other comprehensive loss	(0.4)			—			0.4		—
Net current period other comprehensive     income (loss)	44.4			(21.4)			0.5		23.5
Balance at July 1, 2022	$	3.5		$	(38.8)		$	(8.1)	$	(43.4)
	Six months ended July 2, 2021
Balance at January 1, 2021	$	(49.6)		$	(3.3)		$	(24.1)	$	(77.0)
Other comprehensive income (loss)     before reclassifications	15.2		(3)	(4.3)		(2)	(1.4)		9.5
Amounts reclassified from accumulated     other comprehensive loss	2.8		(4)	—			0.5		3.3
Net current period other comprehensive     income (loss)	18.0			(4.3)			(0.9)		12.8
Balance at July 2, 2021	$	(31.6)		$	(7.6)		$	(25.0)	$	(64.2)

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

(2) Includes a loss of $7.0 million and $3.1 million for the six months ended July 1, 2022 and six months ended July 2, 2021, respectively, on intra-entity foreign currency transactions that are of a long-term-investment nature.

(3) Includes a tax effect of $(3.6) million and $(1.6) million for the six months ended July 1, 2022 and six months ended July 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.

Amounts reclassified from accumulated other comprehensive (loss) income

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
	July 1, 2022				July 2, 2021
Details about accumulated other comprehensive loss components	Quarter ended		Six months ended		Quarter ended		Six months ended		Affected line item in the statement where net income is presented
Cash flow hedges:
Designated as hedging instruments:
Foreign currency cash flow hedges	$	(7.8)	$	(9.4)	$	0.1	$	0.7	Net sales
Foreign currency cash flow hedges	0.9		4.1		0.2		0.6		Cost of products sold
Interest rate swaps	2.1		4.9		2.9		5.7		Interest expense
Bunker fuel swaps no longer designated as hedging instruments	—		—		(1.6)		(3.2)		Cost of products sold
Bunker fuel swaps no longer designated as hedging instruments	—		—		—		(1.0)		Other expense, net
Total	$	(4.8)	$	(0.4)	$	1.6	$	2.8
Amortization of retirement benefits:
Actuarial losses	0.2		0.4		0.3		0.5		Other expense, net
Total	$	0.2	$	0.4	$	0.3	$	0.5