Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 27, 2025

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 27, 2025
Balance, March 28, 2025	$	(277.0)	$	3.9	(273.1)
Other comprehensive income before reclassifications:
Increase	138.6		—		138.6
Income tax impact	11.1		—		11.1
Other comprehensive income before reclassifications, net of income taxes	149.7		—		149.7
Amounts reclassified from accumulated other comprehensive loss:
Decrease	—		(0.1)		(0.1)
Income tax impact	—		—		—
Amounts reclassified from accumulated other comprehensive loss, net of income taxes	—		(0.1)		(0.1)
Net current period other comprehensive income (loss), net of income taxes	149.7		(0.1)		149.6
Balance, June 27, 2025	$	(127.3)	$	3.8	$	(123.5)

	Foreign Currency Translation Adjustments		Unrealized Pension Costs		Total Accumulated Other Comprehensive Loss
Three Months Ended June 28, 2024
Balance, March 28, 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
Six Months Ended June 27, 2025
Balance, December 31, 2024	$	(375.1)	$	4.0	(371.1)
Other comprehensive income before reclassifications:
Increase	231.4		—		231.4
Income tax impact	16.4		—		16.4
Other comprehensive income before reclassifications, net of income taxes	247.8		—		247.8
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 income (loss), net of income taxes	247.8		(0.2)		247.6
Balance, June 27, 2025	$	(127.3)	$	3.8	$	(123.5)

	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)