XML 314 R30.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Accumulated Other Comprehensive (Loss) Income
 12 Months Ended
Dec. 31, 2022
Stockholders' Equity Note [Abstract]  
Consolidated Accumulated Other Comprehensive (Loss) Income Consolidated Accumulated Other Comprehensive (Loss) Income
Changes in consolidated accumulated other comprehensive (loss) income (“AOCI”) by component for the years ended December 31, 2022, January 1, 2022 and January 2, 2021 were as follows:

(in millions of U.S. dollars) 1
Gains and Losses on Derivative InstrumentsPension Benefit Plan ItemsCurrency Translation Adjustment ItemsTotal
Balance December 28, 2019$11.2 $(1.0)$(78.7)$(68.5)
    OCI before reclassifications(8.7)(0.1)(6.9)(15.7)
    Amounts reclassified from AOCI(2.5)— — (2.5)
Net current-period OCI(11.2)(0.1)(6.9)(18.2)
Balance January 2, 2021$— $(1.1)$(85.6)$(86.7)
    OCI before reclassifications— (0.6)18.2 17.6 
    Amounts reclassified from AOCI— — — — 
Net current-period OCI— (0.6)18.2 17.6 
Balance January 1, 2022$— $(1.7)$(67.4)$(69.1)
    OCI before reclassifications— 2.9 (15.7)(12.8)
    Amounts reclassified from AOCI— — (0.3)(0.3)
Net current-period OCI— 2.9 (16.0)(13.1)
Balance December 31, 2022$— $1.2 $(83.4)$(82.2)
______________________
1     All amounts are net of tax. Amounts in parentheses indicate debits.
The following table summarizes the amounts reclassified from AOCI to total net income (loss) for the years ended December 31, 2022, January 1, 2022 and January 2, 2021:

(in millions of U.S. dollars)For the Year EndedAffected Line Item in the Statement Where Net Income Is Presented
Details About
AOCI Components 1
December 31, 2022January 1, 2022January 2, 2021
Gains and losses on derivative instruments
Foreign currency and commodity hedges$— $— $0.1 Cost of sales
Commodity hedges 2
$— $— $2.4 Gain on sale of discontinued operations
$— $— $2.5 Total before taxes
— — — Tax (expense) or benefit
$— $— $2.5 Net of tax
Foreign currency translation adjustments$0.3 $— $— Impairment charges
Total reclassifications for the period$0.3 $— $2.5 Net of tax
______________________
1     Amounts in parenthesis indicate debits.
2     Net of $1.3 million of associated tax impact that resulted in a decrease to the gain on the sale of discontinued operations for the year ended January 2, 2021.