Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 28, 2025

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
	Quarter ended March 28, 2025
Balance at December 27, 2024	$	5.6		$	(45.2)		$	(10.8)	$	(50.4)
Other comprehensive income (loss) before reclassifications	(3.6)			6.9		(2)	(0.4)		2.9
Amounts reclassified from accumulated other comprehensive loss	1.2			—			0.1		1.3
Net current period other comprehensive income (loss)	(2.4)			6.9			(0.3)		4.2
Balance at March 28, 2025	$	3.2		$	(38.3)		$	(11.1)	$	(46.2)


	Quarter ended March 29, 2024
Balance at December 29, 2023	$	3.8		$	(37.1)		$	(10.0)	$	(43.3)
Other comprehensive income (loss) before reclassifications	6.5		(3)	(4.6)		(2)	(1.0)		0.9
Amounts reclassified from accumulated other comprehensive loss	(0.7)			—			0.4		(0.3)
Net current period other comprehensive income (loss)	5.8			(4.6)			(0.6)		0.6
Balance at March 29, 2024	$	9.6		$	(41.7)		$	(10.6)	$	(42.7)

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

(2) Includes a gain of $3.5 million and a loss of $2.8 million for the quarters ended March 28, 2025 and March 29, 2024, respectively, on intra-entity foreign currency transactions that are of a long-term-investment nature.

(3) Includes a tax effect of $0.1 million for the quarter ended March 29, 2024.

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
	Quarter ended
Details about accumulated other comprehensive loss components	March 28, 2025		March 29, 2024			Affected line item in the statement where net income is presented
Cash flow hedges:
Designated as hedging instruments:
Foreign currency cash flow hedges	$	1.9		$	(0.3)		Net sales

Foreign currency cash flow hedges	0.2			2.1			Cost of products sold
Interest rate swaps	(0.9)			(2.6)			Interest expense


Total	$	1.2		$	(0.8)
Amortization of retirement benefits:
Actuarial losses	$	0.1		$	0.2		Other expense, net
Curtailment and settlement losses	—			0.3			Other expense, net
Total	$	0.1		$	0.5