Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 29, 2024

Equity [Abstract]

Accumulated Other Comprehensive Loss

ACCUMULATED OTHER COMPREHENSIVE LOSS

The changes in accumulated other comprehensive loss by component are summarized below ($ in millions).

	Foreign Currency Translation Adjustments		Unrealized Pension Costs		Total Accumulated Other Comprehensive Loss
Three Months Ended March 29, 2024
Balance, December 31, 2023	$	(223.7)	$	6.5	$	(217.2)
Other comprehensive loss before reclassifications:
Decrease	(63.3)		—		(63.3)
Income tax impact	(2.9)		—		(2.9)
Other comprehensive loss before reclassifications, net of income taxes	(66.2)		—		(66.2)
Amounts reclassified from accumulated other comprehensive loss:
Decrease	—		(0.2)		(0.2)
Income tax impact	—		—		—
Amounts reclassified from accumulated other comprehensive loss, net of income taxes	—		(0.2)		(0.2)
Net current period other comprehensive loss, net of income taxes	(66.2)		(0.2)		(66.4)
Balance, March 29, 2024	$	(289.9)	$	6.3	$	(283.6)

	Foreign Currency Translation Adjustments		Unrealized Pension Costs		Total Accumulated Other Comprehensive Loss
Three Months Ended March 31, 2023
Balance, December 31, 2022	$	(240.5)	$	15.4	$	(225.1)
Other comprehensive loss before reclassifications:
Increase	14.1		—		14.1
Income tax impact	0.7		—		0.7
Other comprehensive loss before reclassifications, net of income taxes	14.8		—		14.8
Amounts reclassified from accumulated other comprehensive loss:
Decrease	—		(0.4)		(0.4)
Income tax impact	—		0.1		0.1
Amounts reclassified from accumulated other comprehensive loss, net of income taxes	—		(0.3)		(0.3)
Net current period other comprehensive loss, net of income taxes	14.8		(0.3)		14.5
Balance, March 31, 2023	$	(225.7)	$	15.1	$	(210.6)