Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 27, 2025

Below is a summary of net changes in Accumulated OCI by component and net of tax for the three months ended September 27, 2025:


(Amounts in millions)	Foreign Currency Translation		Cash Flow Hedges		Defined Benefit Pension and Postretirement Plans		Total
Balance as of June 28, 2025	$	(155.2)	$	3.2	$	(250.5)	$	(402.5)
Other comprehensive income before reclassifications	5.2		—		—		5.2
Amounts reclassified from Accumulated OCI	—		(0.4)		4.0		3.6
Net other comprehensive income (loss)	5.2		(0.4)		4.0		8.8
Balance as of September 27, 2025	$	(150.0)	$	2.8	$	(246.5)	$	(393.7)

Below is a summary of net changes in Accumulated OCI by component and net of tax for the nine months ended September 27, 2025:


(Amounts in millions)	Foreign Currency Translation		Cash Flow Hedges		Defined Benefit Pension and Postretirement Plans		Total
Balance as of December 28, 2024	$	(320.6)	$	4.0	$	(258.4)	$	(575.0)
Other comprehensive income before reclassifications	170.6		—		—		170.6
Amounts reclassified from Accumulated OCI	—		(1.2)		11.9		10.7
Net other comprehensive income (loss)	170.6		(1.2)		11.9		181.3
Balance as of September 27, 2025	$	(150.0)	$	2.8	$	(246.5)	$	(393.7)

Below is a summary of net changes in Accumulated OCI by component and net of tax for the three months ended September 28, 2024:


(Amounts in millions)	Foreign Currency Translation		Cash Flow Hedges		Defined Benefit Pension and Postretirement Plans		Total
Balance as of June 29, 2024	$	(269.4)	$	4.9	$	(240.3)	$	(504.8)
Other comprehensive income before reclassifications	79.0		—		—		79.0
Amounts reclassified from Accumulated OCI	—		(0.4)		1.5		1.1
Net other comprehensive income (loss)	79.0		(0.4)		1.5		80.1
Balance as of September 28, 2024	$	(190.4)	$	4.5	$	(238.8)	$	(424.7)

Below is a summary of net changes in Accumulated OCI by component and net of tax for the nine months ended September 28, 2024:


(Amounts in millions)	Foreign Currency Translation		Cash Flow Hedges		Defined Benefit Pension and Postretirement Plans		Total
Balance as of December 30, 2023	$	(211.8)	$	5.7	$	(243.4)	$	(449.5)
Other comprehensive income before reclassifications	21.4		—		—		21.4
Amounts reclassified from Accumulated OCI	—		(1.2)		4.6		3.4
Net other comprehensive income (loss)	21.4		(1.2)		4.6		24.8
Balance as of September 28, 2024	$	(190.4)	$	4.5	$	(238.8)	$	(424.7)

The reclassifications out of Accumulated OCI for the three and nine month periods ended September 27, 2025, and September 28, 2024, are as follows:


	Amount Reclassified from Accumulated OCI
	Three Months Ended				Nine Months Ended
(Amounts in millions)	September 27, 2025		September 28, 2024		September 27, 2025		September 28, 2024		Statement of Earnings Presentation






Gains on cash flow hedges:
Treasury locks	$	0.4	$	0.4	$	1.2	$	1.2	Interest expense
Income tax expense	—		—		—		—		Income tax expense
Net of tax	0.4		0.4		1.2		1.2

Amortization of net unrecognized losses and prior service costs	$	(5.3)	$	(2.0)	$	(15.9)	$	(6.0)	See footnote below*
Income tax benefit	1.3		0.5		4.0		1.4		Income tax expense
Net of tax	(4.0)		(1.5)		(11.9)		(4.6)
Total reclassifications for the period, net of tax	$	(3.6)	$	(1.1)	$	(10.7)	$	(3.4)



*			These Accumulated OCI components are included in the computation of net periodic pension and postretirement health care costs; see Note 9 and Note 10 for additional information.