BUSINESS OVERVIEW (Tables)

9 Months Ended

Sep. 26, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Changes in Accumulated Other Comprehensive Income

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 26, 2025:
Balance, June 27, 2025	$	(253.3)	$	(34.0)		$	(287.3)
Other comprehensive income (loss) before reclassifications, net of income taxes	(10.7)		—			(10.7)
Amounts reclassified from AOCI into income:
Increase (decrease)	—		(0.1)		(b)	(0.1)
Income tax impact	—		—		(d)	—
Amounts reclassified from AOCI into income, net of income taxes	—		(0.1)			(0.1)
Net current period other comprehensive income (loss), net of income taxes	(10.7)		(0.1)			(10.8)
PT Separation (c)	316.1		16.2			332.3
Balance, September 26, 2025	$	52.1	$	(17.9)		$	34.2
For the Three Months Ended September 27, 2024:
Balance, June 28, 2024	$	(389.3)	$	(34.3)		$	(423.6)
Other comprehensive income (loss) before reclassifications, net of income taxes	89.3		—			89.3
Amounts reclassified from AOCI into income:
Increase (decrease)	—		0.1		(b)	0.1
Income tax impact	—		—			—
Amounts reclassified from AOCI into income, net of income taxes	—		0.1			0.1
Net current period other comprehensive income (loss), net of income taxes	89.3		0.1			89.4
Balance, September 27, 2024	$	(300.0)	$	(34.2)		$	(334.2)
(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 10 in our 2024 Annual Report on Form 10-K for additional details).
(c) Reflects the reclassification of cumulative translation adjustments as a result of the PT Separation. Refer to Note 2 for additional details.
(d) Amount was rounded to zero.

	Foreign currency translation adjustments		Pension & post-retirement plan benefit adjustments (a)			Total
For the Nine Months Ended September 26, 2025:
Balance, December 31, 2024	$	(431.4)	$	(34.0)		$	(465.4)
Other comprehensive income (loss) before reclassifications, net of income taxes	167.4		—			167.4
Amounts reclassified from AOCI into income:
Increase (decrease)	—		(0.1)		(b)	(0.1)
Income tax impact	—		—		(d)	—
Amounts reclassified from AOCI into income, net of income taxes	—		(0.1)			(0.1)
Net current period other comprehensive income (loss)	167.4		(0.1)			167.3
PT Separation (c)	316.1		16.2			332.3
Balance, September 26, 2025	$	52.1	$	(17.9)		$	34.2
For the Nine Months Ended September 27, 2024:
Balance, December 31, 2023	$	(291.7)	$	(34.4)		$	(326.1)
Other comprehensive income (loss) before reclassifications, net of income taxes	(15.3)		—			(15.3)
Amounts reclassified from AOCI into income:
Increase (decrease)	7.0		0.3		(b)	7.3
Income tax impact	—		(0.1)			(0.1)
Amounts reclassified from AOCI into income, net of income taxes	7.0		0.2			7.2
Net current period other comprehensive income (loss)	(8.3)		0.2			(8.1)
Balance, September 27, 2024	$	(300.0)	$	(34.2)		$	(334.2)
(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 10 in our 2024 Annual Report on Form 10-K for additional details).
(c) Reflects the reclassification of cumulative translation adjustments as a result of the PT Separation. Refer to Note 2 for additional details.
(d) Amount was rounded to zero.