Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 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
	Six months ended June 30, 2023
Balance at December 30, 2022	$	6.0		$	(36.0)		$	(11.5)	$	(41.5)
Other comprehensive income (loss)     before reclassifications	6.3		(3)	2.7		(2)	(0.4)		8.6
Amounts reclassified from accumulated     other comprehensive loss	(2.0)			—			0.4		(1.6)
Net current period other comprehensive     income (loss)	4.3			2.7			—		7.0
Balance at June 30, 2023	$	10.3		$	(33.3)		$	(11.5)	$	(34.5)
	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)

15.  Accumulated Other Comprehensive Loss (continued)

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

(2) Includes losses of $0.4 million and $7.0 million for the six months ended June 30, 2023 and six months ended July 1, 2022, respectively, on intra-entity foreign currency transactions that are of a long-term-investment nature.

(3) Includes a tax effect of $1.4 million and $(3.6) million for the six months ended June 30, 2023 and six months ended July 1, 2022, respectively.

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
	June 30, 2023				July 1, 2022
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	$	(0.2)	$	(0.3)	$	(7.8)	$	(9.4)	Net sales
Foreign currency cash flow hedges	—		2.2		0.9		4.1		Cost of products sold
Interest rate swaps	(2.2)		(3.9)		2.1		4.9		Interest expense
Total	$	(2.4)	$	(2.0)	$	(4.8)	$	(0.4)
Amortization of retirement benefits:
Actuarial losses	0.2		0.3		0.2		0.4		Other expense, net
Curtailment and settlement losses	0.1		0.1		—		—		Other expense, net
Total	$	0.3	$	0.4	$	0.2	$	0.4