Equity (Tables)

3 Months Ended

Mar. 31, 2022

Stockholders' Equity Note [Abstract]

Basic and Diluted Earnings per share

The following table sets forth the computation of basic and diluted earnings per share:

	For the Three Months Ended
	March 31, 2022					April 1, 2021
	Income		Shares	Per Share Amount		Income		Shares	Per Share Amount
Basic EPS
Loss available to common stockholders	$	(52.8)	104.4	$	(0.51)	$	(171.6)	104.1	$	(1.65)
Income allocated to participating securities	—		—			—		—
Net loss	$	(52.8)				$	(171.6)
Diluted potential common shares			—					—
Diluted EPS
Net loss	$	(52.8)	104.4	$	(0.51)	$	(171.6)	104.1	$	(1.65)

Included in the outstanding Common Stock were 0.5 million and 1.3 million of issued but unvested shares at March 31, 2022 and April 1, 2021, respectively, which are excluded from the basic Earnings Per Share ("EPS") calculation.

Common shares of 1.1 million and 1.3 million, respectively, were excluded from diluted EPS as a result of incurring a net loss for the three months ended March 31, 2022 and April 1, 2021, as the effect would have been antidilutive. Additionally, diluted EPS for the three months ended March 31, 2022 and April 1, 2021 excludes 0.2 million and 0.2 million shares, respectively, that may be dilutive common shares in the future, but were not included in the computation of diluted EPS because the effect was either antidilutive or the performance condition was not met.

Schedule of Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Loss is summarized by component as follows:

	As of		As of
	March 31, 2022		December 31, 2021
Pension	$	26.5	$	26.6
SERP/Retiree medical	11.7		12.1
Derivatives - foreign currency hedge	(4.4)		(2.0)
Foreign currency impact on long term intercompany loan	(13.4)		(12.2)
Currency translation adjustment	(61.7)		(48.2)
Total accumulated other comprehensive loss	$	(41.3)	$	(23.7)