Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Accumulated Other Comprehensive 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 March 31, 2023
Balance at December 30, 2022	$	6.0		$	(36.0)		$	(11.5)	$	(41.5)
Other comprehensive income (loss)     before reclassifications	(0.4)		(3)	2.0		(2)	(0.5)		1.1
Amounts reclassified from accumulated     other comprehensive loss	0.4			—			0.1		0.5
Net current period other comprehensive     income (loss)	—			2.0			(0.4)		1.6
Balance at March 31, 2023	$	6.0		$	(34.0)		$	(11.9)	$	(39.9)
	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)

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

(2) Includes a gain of $0.8 million and a loss of $2.6 million for the quarter ended March 31, 2023 and quarter ended April 1, 2022, respectively, on intra-entity foreign currency transactions that are of a long-term-investment nature.

(3) Includes a tax effect of $1.5 million and $(3.0) million for the quarter ended March 31, 2023 and quarter ended April 1, 2022, respectively.

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	March 31, 2023		April 1, 2022		Affected line item in the statement where net income is presented
Cash flow hedges:
Designated as hedging instruments:
Foreign currency cash flow hedges	$	(0.1)	$	(1.6)	Net sales
Foreign currency cash flow hedges	2.2		3.2		Cost of products sold
Interest rate swaps	(1.7)		2.7		Interest expense
Total	$	0.4	$	4.3
Amortization of retirement benefits:
Actuarial losses	0.1		0.2		Other expense, net
Total	$	0.1	$	0.2