Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 29, 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
	Nine months ended September 29, 2023
Balance at December 30, 2022	$	6.0		$	(36.0)		$	(11.5)	$	(41.5)
Other comprehensive income (loss)     before reclassifications	14.3		(3)	(2.8)		(2)	—		11.5
Amounts reclassified from accumulated     other comprehensive loss	(5.2)			—			0.4		(4.8)
Net current period other comprehensive     income (loss)	9.1			(2.8)			0.4		6.7
Balance at September 29, 2023	$	15.1		$	(38.8)		$	(11.1)	$	(34.8)
	Nine months ended September 30, 2022
Balance at December 31, 2021	$	(40.9)		$	(17.4)		$	(8.6)	$	(66.9)
Other comprehensive income (loss)     before reclassifications	66.4		(3)	(35.5)		(2)	0.2		31.1
Amounts reclassified from accumulated     other comprehensive loss	(10.4)			—			1.0		(9.4)
Net current period other comprehensive     income (loss)	56.0			(35.5)			1.2		21.7
Balance at September 30, 2022	$	15.1		$	(52.9)		$	(7.4)	$	(45.2)

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

(2) Includes losses of $2.7 million and $11.0 million for the nine months ended September 29, 2023 and nine months ended September 30, 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 $(5.7) million for the nine months ended September 29, 2023 and nine months ended September 30, 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
	September 29, 2023				September 30, 2022
Details about accumulated other comprehensive loss components	Quarter ended		Nine months ended		Quarter ended		Nine 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	$	(1.0)	$	(1.2)	$	(10.4)	$	(19.8)	Net sales
Foreign currency cash flow hedges	0.1		2.2		(0.2)		3.9		Cost of products sold
Interest rate swaps	(2.3)		(6.2)		0.7		5.5		Interest expense
Total	$	(3.2)	$	(5.2)	$	(9.9)	$	(10.4)
Amortization of retirement benefits:
Actuarial losses	0.1		0.4		0.2		0.6		Other expense, net
Curtailment and settlement losses	—		—		0.4		0.4		Other expense, net
Total	$	0.1	$	0.4	$	0.6	$	1.0