Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity (Tables)

6 Months Ended

Jul. 02, 2022

Equity [Abstract]

Schedule of Components of Accumulated Other Comprehensive Income and Changes in Accumulated Other Comprehensive Income, Net of Tax

The following tables summarize the components of accumulated other comprehensive income (loss) and the changes in accumulated other comprehensive income (loss), net of tax, as applicable:

	Foreign Currency Translation Adjustment		Unrealized Gains (Losses) on Debt Securities		Pension and Post-retirement Liabilities		Derivative Financial Instrument		Accumulated Other Comprehensive Income (Loss)
Balance as of January 1, 2022	$	(0.7)	$	0.1	$	(5.4)	$	(0.7)	$	(6.8)
Other comprehensive income (loss) before reclassifications	(1.8)		(0.6)		—		1.1		(1.3)
Tax (expense) or benefit	—		0.1		—		(0.3)		(0.1)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	—		—		—		0.1		0.1
Balance as of July 2, 2022	$	(2.5)	$	(0.4)	$	(5.4)	$	0.3	$	(8.1)

Amounts in parentheses indicate reductions to equity.

	Foreign Currency Translation Adjustment		Unrealized Gains (Losses) on Debt Securities		Pension and Post-retirement Liabilities		Derivative Financial Instrument		Accumulated Other Comprehensive Income (Loss)
Balance as of January 2, 2021	$	(1.1)	$	0.4	$	(6.7)	$	(1.8)	$	(9.2)
Other comprehensive income (loss) before reclassifications	0.1		(0.2)		—		0.1		(0.0)
Tax (expense) or benefit	—		0.0		—		(0.0)		0.0
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	—		—		—		0.4		0.4
Balance as of July 3, 2021	$	(1.0)	$	0.2	$	(6.7)	$	(1.4)	$	(8.8)

Amounts in parentheses indicate reductions to equity.

Schedule of Reclassification from Accumulated Other Comprehensive Income

The following table details the reclassifications from accumulated other comprehensive income (loss):

		Three Months Ended				Six Months Ended
Details about Accumulated Other Comprehensive Income (Loss) Components	Affected Line Item in the Statement Where Net Income is Presented	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Derivative financial instrument
Interest rate swap	Interest expense, net	$	0.1	$	(0.2)	$	(0.2)	$	(0.5)
	Income taxes	(0.0)		0.1		0.0		0.1
	Net of tax	$	0.0	$	(0.2)	$	(0.1)	$	(0.4)

Amounts in parentheses indicate reductions to profit.

Schedule of Dividends Declared and Paid Per Share

The Corporation declared and paid cash dividends per common share as follows:

	Six Months Ended
	July 2, 2022		July 3, 2021
Dividends per common share	$	0.630	$	0.615

Schedule of Share Repurchases

The following table summarizes shares repurchased and settled by the Corporation:

	Six Months Ended
	July 2, 2022		July 3, 2021
Shares repurchased	1.7		0.2
Average price per share	$	38.11	$	43.09
Cash purchase price	$	(63.9)	$	(6.7)
Purchases unsettled as of quarter end	—		0.2
Prior year purchases settled in current year	(1.3)		—
Shares repurchased per cash flow	$	(65.2)	$	(6.5)