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

6 Months Ended

Jun. 29, 2024

Equity [Abstract]

Schedule of Components of Accumulated Other Comprehensive Income (Loss) and Changes in Accumulated Other Comprehensive Income (Loss), 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 December 30, 2023	$	(6.5)	$	(0.3)	$	(1.2)	$	(2.7)	$	(10.6)
Other comprehensive income (loss) before reclassifications	(0.1)		(0.0)		—		2.6		2.5
Tax (expense) or benefit	—		0.0		—		(0.6)		(0.6)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	—		0.0		—		(0.2)		(0.2)
Balance as of June 29, 2024	$	(6.6)	$	(0.3)	$	(1.2)	$	(1.0)	$	(9.0)

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 December 31, 2022	$	(6.4)	$	(0.6)	$	(1.1)	$	0.1	$	(8.0)
Other comprehensive income (loss) before reclassifications	0.0		0.0		—		—		0.1
Tax (expense) or benefit	—		(0.0)		—		—		(0.0)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	—		0.1		—		(0.1)		(0.0)
Balance as of July 1, 2023	$	(6.3)	$	(0.5)	$	(1.1)	$	—	$	(8.0)

Amounts in parentheses indicate reductions to equity.

Schedule of Reclassification from Accumulated Other Comprehensive Income (Loss)

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	June 29, 2024		July 1, 2023		June 29, 2024		July 1, 2023
Derivative financial instrument
Interest rate swap	Interest expense, net	$	0.2	$	—	$	0.3	$	0.1
	Income taxes	(0.0)		—		(0.1)		(0.0)
Unrealized gains (losses) on debt securities
Gain (loss) on sale of debt securities	Selling and administrative expenses	(0.0)		0.0		(0.0)		(0.1)
	Income taxes	0.0		(0.0)		0.0		0.0
	Net of tax	$	0.1	$	0.0	$	0.2	$	0.0

Amounts in parentheses indicate reductions to profit.

Schedule of Dividends Declared and Paid Cash Dividends Per Common Share

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

	Six Months Ended
	June 29, 2024		July 1, 2023
Dividends per common share	$	0.65	$	0.64

Schedule of Shares Repurchased and Settled

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

	Six Months Ended
	June 29, 2024		July 1, 2023
Shares repurchased	0.3		—
Average price per share	$	43.53	$	—
Cash purchase price	$	(13.6)	$	—
Purchases unsettled as of quarter end	0.3		—
Prior year purchases settled in current year	(0.1)		—
Shares repurchased per cash flow	$	(13.4)	$	—