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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
9 Months Ended
Sep. 27, 2025
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Changes in Balances to Components of Accumulated Other Comprehensive Loss
The following tables summarize the changes in the balances for each component of Accumulated other comprehensive loss for the three and nine months ended September 27, 2025:
(Millions of Dollars)Currency translation adjustment and otherCash flow hedges, net of taxNet investment hedges, net of taxPension and other postretirement benefits, net of taxTotal
Balance - June 28, 2025$(1,745.3)$(59.4)$43.8 $(217.5)$(1,978.4)
Other comprehensive (loss) income before reclassifications(58.4)12.9 7.9 3.5 (34.1)
Reclassification adjustments to earnings— 1.8 (2.2)4.6 4.2 
Net other comprehensive (loss) income (58.4)14.7 5.7 8.1 (29.9)
Balance - September 27, 2025$(1,803.7)$(44.7)$49.5 $(209.4)$(2,008.3)

(Millions of Dollars)Currency translation adjustment and otherCash flow hedges, net of taxNet investment hedges, net of taxPension and other postretirement benefits, net of taxTotal
Balance - December 28, 2024$(2,170.2)$(16.7)$78.4 $(212.4)$(2,320.9)
Other comprehensive income (loss) before reclassifications366.5 (26.2)(26.7)(4.8)308.8 
Reclassification adjustments to earnings— (1.8)(2.2)7.8 3.8 
Net other comprehensive income (loss)366.5 (28.0)(28.9)3.0 312.6 
Balance - September 27, 2025$(1,803.7)$(44.7)$49.5 $(209.4)$(2,008.3)

The following tables summarize the changes in the balances for each component of Accumulated other comprehensive loss for the three and nine months ended September 28, 2024:
(Millions of Dollars)Currency translation adjustment and otherCash flow hedges, net of taxNet investment hedges, net of taxPension and other postretirement benefits, net of taxTotal
Balance - June 29, 2024$(2,016.9)$(35.3)$72.8 $(253.1)$(2,232.5)
Other comprehensive income (loss) before reclassifications166.8 (12.8)(11.3)(8.8)133.9 
Reclassification adjustments to earnings— 0.6 — 2.6 3.2 
Net other comprehensive income (loss)166.8 (12.2)(11.3)(6.2)137.1 
Balance - September 28, 2024$(1,850.1)$(47.5)$61.5 $(259.3)$(2,095.4)

(Millions of Dollars)Currency translation adjustment and otherCash flow hedges, net of taxNet investment hedges, net of taxPension and other postretirement benefits, net of taxTotal
Balance - December 30, 2023$(1,832.3)$(42.5)$64.9 $(259.2)$(2,069.1)
Other comprehensive loss before reclassifications(11.8)(6.4)(3.4)(7.0)(28.6)
Adjustments related to sales of businesses(6.0)— — — (6.0)
Reclassification adjustments to earnings— 1.4 — 6.9 8.3 
Net other comprehensive loss(17.8)(5.0)(3.4)(0.1)(26.3)
Balance - September 28, 2024$(1,850.1)$(47.5)$61.5 $(259.3)$(2,095.4)
Schedule of Reclassifications out of Accumulated Other Comprehensive Loss The reclassifications out of Accumulated other comprehensive loss for the three and nine months ended September 27, 2025 and September 28, 2024 were as follows:
Third QuarterYear-to-DateAffected line item in Consolidated Statements of Operations And Comprehensive Income
(Millions of Dollars)2025202420252024
Realized (losses) gains on cash flow hedges$(1.6)$0.5 $7.1 $2.1 Cost of sales
Realized losses on cash flow hedges(1.2)(1.5)(3.7)(4.6)Interest expense
Total before taxes$(2.8)$(1.0)$3.4 $(2.5)
Tax effect1.0 0.4 (1.6)1.1 Income taxes
Realized (losses) gains on cash flow hedges, net of tax$(1.8)$(0.6)$1.8 $(1.4)
Realized gains on net investment hedges$2.9 $— $2.9 $— Other, net
Tax effect(0.7)— (0.7)— Income taxes
Realized gains on net investment hedges, net of tax$2.2 $— $2.2 $— 
Amortization of defined benefit pension items:
Actuarial losses and prior service costs / credits$(2.2)$(2.7)$(6.4)$(8.3)Other, net
Settlement loss(4.2)(0.6)(4.2)(0.7)Other, net
Total before taxes$(6.4)$(3.3)$(10.6)$(9.0)
Tax effect1.8 0.7 2.8 2.1 Income taxes
Amortization of defined benefit pension items, net of tax$(4.6)$(2.6)$(7.8)$(6.9)