Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 28, 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 June 28, 2024
Balance, March 29, 2024	$	(289.9)	$	6.3	$	(283.6)
Other comprehensive loss before reclassifications:
Decrease	(16.9)		—		(16.9)
Income tax impact	(0.9)		—		(0.9)
Other comprehensive loss before reclassifications, net of income taxes	(17.8)		—		(17.8)
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	(17.8)		(0.2)		(18.0)
Balance, June 28, 2024	$	(307.7)	$	6.1	$	(301.6)

	Foreign Currency Translation Adjustments		Unrealized Pension Costs		Total Accumulated Other Comprehensive Loss
Three Months Ended June 30, 2023
Balance, March 31, 2023	$	(225.7)	$	15.1	$	(210.6)
Other comprehensive loss before reclassifications:
Decrease	(26.7)		—		(26.7)
Income tax impact	0.8		—		0.8
Other comprehensive loss before reclassifications, net of income taxes	(25.9)		—		(25.9)
Amounts reclassified from accumulated other comprehensive loss:
Decrease	—		(0.5)		(0.5)
Income tax impact	—		0.1		0.1
Amounts reclassified from accumulated other comprehensive loss, net of income taxes	—		(0.4)		(0.4)
Net current period other comprehensive loss, net of income taxes	(25.9)		(0.4)		(26.3)
Balance, June 30, 2023	$	(251.6)	$	14.7	$	(236.9)

	Foreign Currency Translation Adjustments		Unrealized Pension Costs		Total Accumulated Other Comprehensive Loss
Six Months Ended June 28, 2024
Balance, December 31, 2023	$	(223.7)	$	6.5	$	(217.2)
Other comprehensive loss before reclassifications:
Decrease	(80.2)		—		(80.2)
Income tax impact	(3.8)		—		(3.8)
Other comprehensive loss before reclassifications, net of income taxes	(84.0)		—		(84.0)
Amounts reclassified from accumulated other comprehensive loss:
Decrease	—		(0.4)		(0.4)
Income tax impact	—		—		—
Amounts reclassified from accumulated other comprehensive loss, net of income taxes	—		(0.4)		(0.4)
Net current period other comprehensive loss, net of income taxes	(84.0)		(0.4)		(84.4)
Balance, June 28, 2024	$	(307.7)	$	6.1	$	(301.6)

	Foreign Currency Translation Adjustments		Unrealized Pension Costs		Total Accumulated Other Comprehensive Loss
Six Months Ended June 30, 2023
Balance, December 31, 2022	$	(240.5)	$	15.4	$	(225.1)
Other comprehensive loss before reclassifications:
Decrease	(12.6)		—		(12.6)
Income tax impact	1.5		—		1.5
Other comprehensive loss before reclassifications, net of income taxes	(11.1)		—		(11.1)
Amounts reclassified from accumulated other comprehensive loss:
Decrease	—		(0.9)		(0.9)
Income tax impact	—		0.2		0.2
Amounts reclassified from accumulated other comprehensive loss, net of income taxes	—		(0.7)		(0.7)
Net current period other comprehensive loss, net of income taxes	(11.1)		(0.7)		(11.8)
Balance, June 30, 2023	$	(251.6)	$	14.7	$	(236.9)