Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 25, 2026

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 25, 2026
Balance at December 26, 2025	$	1.9	$	(24.8)		$	(15.3)	$	(38.2)
Other comprehensive income (loss) before reclassifications	12.4		(6.0)		(2)	0.5		6.9
Amounts reclassified from accumulated other comprehensive (loss) income	(7.4)		—			0.6		(6.8)
Net current period other comprehensive income	5.0		(6.0)			1.1		0.1
Balance at September 25, 2026	$	6.9	$	(30.8)		$	(14.2)	$	(38.1)


	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)

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

(2) Includes a loss of $3.1 million and a gain of $10.1 million for the nine months ended September 25, 2026 and September 26, 2025, respectively, on intra-entity foreign currency transactions that are of a long-term-investment nature.

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 25, 2026				September 26, 2025

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	$	(3.4)	$	(5.9)	$	3.8	$	9.2	Net sales

Foreign currency cash flow hedges	(0.1)		(0.5)		(1.0)		(1.5)		Cost of products sold
Interest rate swaps	(0.3)		(1.0)		(0.6)		(2.2)		Interest expense


Total	$	(3.8)	$	(7.4)	$	2.2	$	5.5
Amortization of retirement benefits:
Actuarial losses	$	0.2	$	0.6	$	0.1	$	0.3	Other expense, net
Curtailment and settlement losses	—		—		(0.1)		(0.1)		Other expense, net
Total	$	0.2	$	0.6	$	—	$	0.2