Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 26, 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
	Nine months ended September 26, 2025
Balance at December 27, 2024	$	5.6		$	(45.2)		$	(10.8)	$	(50.4)
Other comprehensive (loss) income before reclassifications	(9.3)			20.3		(2)	(0.7)		10.3
Amounts reclassified from accumulated other comprehensive loss	5.4			—			0.2		5.6
Net current period other comprehensive (loss) income	(3.9)			20.3			(0.5)		15.9
Balance at September 26, 2025	$	1.7		$	(24.9)		$	(11.3)	$	(34.5)


	Nine months ended September 27, 2024
Balance at December 29, 2023	$	3.8		$	(37.1)		$	(10.0)	$	(43.3)
Other comprehensive income (loss) before reclassifications	2.9		(3)	3.3		(2)	(0.9)		5.3
Amounts reclassified from accumulated other comprehensive loss	(2.4)			—			1.2		(1.2)
Net current period other comprehensive income (loss)	0.5			3.3			0.3		4.1
Balance at September 27, 2024	$	4.3		$	(33.8)		$	(9.7)	$	(39.2)

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

(2) Includes gains of $10.1 million and $0.1 million for the nine months ended September 26, 2025 and September 27, 2024, respectively, on intra-entity foreign currency transactions that are of a long-term-investment nature.

(3) Includes a tax effect of $0.2 million for the nine months ended September 27, 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
	September 26, 2025				September 27, 2024

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	$	3.8	$	9.2	$	0.7	$	(0.1)	Net sales

Foreign currency cash flow hedges	(1.0)		(1.5)		0.1		3.2		Cost of products sold
Interest rate swaps	(0.6)		(2.2)		(0.9)		(5.5)		Interest expense


Total	$	2.2	$	5.5	$	(0.1)	$	(2.4)
Amortization of retirement benefits:
Actuarial losses	$	0.1	0.3		$	0.1	0.5		Other (income) expense, net
Curtailment and settlement losses	(0.1)		(0.1)		—		0.7		Other expense, net and Asset impairment and other charges, net
Total	$	—	$	0.2	$	0.1	$	1.2