Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Apr. 04, 2026

Changes in Accumulated Other Comprehensive Income (Loss)

The change in accumulated other comprehensive income (loss) during the quarters ended April 4, 2026 and March 29, 2025 is as follows:


(In millions)	Foreign currency translation		Derivatives			Pension			Total
Balance at December 28, 2024	$	(132.8)	$	(8.7)		$	(6.3)		$	(147.8)
Other comprehensive income (loss) before reclassifications (1)	7.7		(3.7)			—			4.0
Amounts reclassified from accumulated other comprehensive loss	—		(1.5)		(2)	(0.4)		(3)	(1.9)
Income tax expense	—		0.3			0.1			0.4
Net reclassifications	—		(1.2)			(0.3)			(1.5)
Net current-period other comprehensive income (loss) (1)	7.7		(4.9)			(0.3)			2.5
Balance at March 29, 2025	$	(125.1)	$	(13.6)		$	(6.6)		$	(145.3)

Balance at January 3, 2026	$	(110.3)	$	(17.1)		$	1.0		$	(126.4)
Other comprehensive income (loss) before reclassifications (1)	(7.7)		5.5			—			(2.2)
Amounts reclassified from accumulated other comprehensive income	—		0.7		(2)	—			0.7
Income tax benefit	—		(0.3)			—			(0.3)
Net reclassifications	—		0.4			—			0.4
Net current-period other comprehensive income (loss) (1)	(7.7)		5.9			—			(1.8)
Balance at April 4, 2026	$	(118.0)	$	(11.2)		$	1.0		$	(128.2)

(1)Other comprehensive income (loss) is reported net of taxes and noncontrolling interest.

(2)Amounts related to foreign currency derivatives used to manage the volatility associated with inventory purchases in various currencies and deemed to be highly effective are included in cost of goods sold. Amounts related to foreign currency derivatives that are no longer deemed to be highly effective are included in other income.

(3)Amounts reclassified are included in the computation of net pension expense.