BUSINESS OVERVIEW (Tables)

9 Months Ended

Sep. 29, 2023

The changes in AOCI by component are summarized below ($ in millions):


	Foreign currency translation adjustments		Pension & post-retirement plan benefit adjustments (a)			Total
For the Three Months Ended September 29, 2023:
Balance, June 30, 2023	$	(295.4)	$	(24.5)		$	(319.9)
Other comprehensive income (loss) before reclassifications, net of income taxes	(46.0)		(0.4)			(46.4)
Amounts reclassified from AOCI into income:
Increase (decrease)	—		0.6		(b)	0.6
Income tax impact	—		(0.1)			(0.1)
Amounts reclassified from AOCI into income, net of income taxes	—		0.5			0.5
Net current period other comprehensive income (loss), net of income taxes	(46.0)		0.1			(45.9)
Balance, September 29, 2023	$	(341.4)	$	(24.4)		$	(365.8)

For the Three Months Ended September 30, 2022:
Balance, July 1, 2022	$	(280.7)	$	(61.4)		$	(342.1)
Other comprehensive income (loss) before reclassifications, net of income taxes	(112.4)		—			(112.4)
Amounts reclassified from AOCI into income:
Increase (decrease)	—		1.2		(b)	1.2
Income tax impact	—		(0.4)			(0.4)
Amounts reclassified from AOCI into income, net of income taxes	—		0.8			0.8
Net current period other comprehensive income (loss), net of income taxes	(112.4)		0.8			(111.6)
Balance, September 30, 2022	$	(393.1)	$	(60.6)		$	(453.7)


	Foreign currency translation adjustments		Pension & post-retirement plan benefit adjustments (a)			Total
For the Nine Months Ended September 29, 2023:
Balance, December 31, 2022	$	(301.4)	$	(24.3)		$	(325.7)
Other comprehensive income (loss) before reclassifications, net of income taxes	(40.0)		(0.4)			(40.4)
Amounts reclassified from AOCI into income:
Increase (decrease)	—		0.2		(b)	0.2
Income tax impact	—		0.1			0.1
Amounts reclassified from AOCI into income, net of income taxes	—		0.3			0.3
Net current period other comprehensive income (loss)	(40.0)		(0.1)			(40.1)
Balance, September 29, 2023	$	(341.4)	$	(24.4)		$	(365.8)

For the Nine Months Ended September 30, 2022:
Balance, December 31, 2021	$	(122.7)	$	(62.3)		$	(185.0)
Other comprehensive income (loss) before reclassifications, net of income taxes	(273.1)		—			(273.1)
Amounts reclassified from AOCI into income:
Increase (decrease)	2.7		2.3		(b)	5.0
Income tax impact	—		(0.6)			(0.6)
Amounts reclassified from AOCI into income, net of income taxes	2.7		1.7			4.4
Net current period other comprehensive income (loss)	(270.4)		1.7			(268.7)
Balance, September 30, 2022	$	(393.1)	$	(60.6)		$	(453.7)

(a) Includes balances relating to defined benefit plans, supplemental executive retirement plans, and other postretirement employee benefit plans.
(b) This component of AOCI is included in the computation of net periodic pension cost (refer to Note 12 in our most recently filed Form 10-K for additional details).