Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 27, 2026

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 27, 2026
Balance at December 26, 2025	$	1.9	$	(24.8)		$	(15.3)	$	(38.2)
Other comprehensive (loss) income before reclassifications	9.7		(4.7)		(2)	0.4		5.4
Amounts reclassified from accumulated other comprehensive (loss) income	(1.3)		—			0.2		(1.1)
Net current period other comprehensive income (loss)	8.4		(4.7)			0.6		4.3
Balance at March 27, 2026	$	10.3	$	(29.5)		$	(14.7)	$	(33.9)


	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)

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

(2) Includes a loss of $2.3 million and a gain of $3.5 million for the quarters ended March 27, 2026 and March 28, 2025, respectively, on intra-entity foreign currency transactions that are of a long-term-investment nature.

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 27, 2026		March 28, 2025			Affected line item in the statement where net income is presented
Cash flow hedges:
Designated as hedging instruments:
Foreign currency cash flow hedges	$	(0.7)		$	1.9		Net sales

Foreign currency cash flow hedges	(0.3)			0.2			Cost of products sold
Interest rate swaps	(0.3)			(0.9)			Interest expense


Total	$	(1.3)		$	1.2
Amortization of retirement benefits:
Actuarial losses	$	0.2		$	0.1		Other expense, net

Total	$	0.2		$	0.1