Accumulated Other Comprehensive (Loss) Income

12 Months Ended

Dec. 30, 2022

Accumulated Other Comprehensive (Loss) Income

Accumulated Other Comprehensive Loss

The following table includes the changes in accumulated other comprehensive loss by component for the years ended December 30, 2022 and December 31, 2021 (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




Balance at January 1, 2021	$	(49.6)		$	(3.3)		$	(24.1)	$	(77.0)
Other comprehensive income (loss) before reclassifications	10.3		(3)	(14.1)		(2)	14.5		10.7
Amounts reclassified from accumulated other comprehensive loss	(1.6)		(4)	—			1.0		(0.6)
Net current period other comprehensive income (loss)	8.7			(14.1)			15.5		10.1
Balance at December 31, 2021	$	(40.9)		$	(17.4)		$	(8.6)	$	(66.9)
Other comprehensive income (loss) before reclassifications	67.1		(3)	(18.6)		(2)	(4.1)		44.4
Amounts reclassified from accumulated other comprehensive loss	(20.2)			—			1.2		(19.0)
Net current period other comprehensive income (loss)	46.9			(18.6)			(2.9)		25.4
Balance at December 30, 2022	$	6.0		$	(36.0)		$	(11.5)	$	(41.5)

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

(2) Includes a loss of $4.8 million for the year ended December 30, 2022 and a loss of $6.1 million for the year ended December 31, 2021 related to intra-entity foreign currency transactions that are of a long-term-investment nature.

(3) Includes a tax effect of $(5.8) million for the year ended December 30, 2022 and $(2.7) million for the year ended December 31, 2021.

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

13. Accumulated Other Comprehensive Loss (continued)

The following table includes details about amounts reclassified from accumulated other comprehensive loss by component for the years ended December 30, 2022 and December 31, 2021 (U.S. dollars in millions):


	Amount of (gain) loss reclassified from accumulated other comprehensive loss
Details about accumulated other comprehensive loss components	December 30, 2022		December 31, 2021		Affected line item in the statement where net income is presented
Cash flow hedges:
Designated as hedging instruments:
Foreign currency cash flow hedges	$	(31.4)	$	(5.4)	Net sales
Foreign currency cash flow hedges	6.5		(0.7)		Cost of products sold

Interest rate swaps	4.7		11.3		Interest expense
Bunker fuel swaps no longer designated as hedging instruments	—		(5.8)		Cost of products sold
Bunker fuel swaps no longer designated as hedging instruments	—		(1.0)		Other expense, net
Total	$	(20.2)	$	(1.6)

Amortization of retirement benefits:


Actuarial losses	0.8		1.0		Other expense, net
Curtailment and settlement losses	0.4		—		Other expense, net
Total	$	1.2	$	1.0