| Accumulated Other Comprehensive Income (Loss) Below is a summary of net changes in Accumulated OCI by component and net of tax for the three months ended April 4, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | (Amounts in millions) | Foreign Currency Translation | | Cash Flow Hedges | | Defined Benefit Pension and Postretirement Plans | | Total | | Balance as of January 3, 2026 | $ | (138.3) | | | $ | 2.3 | | | $ | (218.8) | | | $ | (354.8) | | | Other comprehensive loss before reclassifications | (23.9) | | | — | | | — | | | (23.9) | | | Amounts reclassified from Accumulated OCI | — | | | (0.4) | | | 3.2 | | | 2.8 | | | Net other comprehensive income (loss) | (23.9) | | | (0.4) | | | 3.2 | | | (21.1) | | | Balance as of April 4, 2026 | $ | (162.2) | | | $ | 1.9 | | | $ | (215.6) | | | $ | (375.9) | |
Below is a summary of net changes in Accumulated OCI by component and net of tax for the three months ended March 29, 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 | 72.0 | | | — | | | — | | | 72.0 | | | Amounts reclassified from Accumulated OCI | — | | | (0.4) | | | 3.9 | | | 3.5 | | | Net other comprehensive income (loss) | 72.0 | | | (0.4) | | | 3.9 | | | 75.5 | | | Balance as of March 29, 2025 | $ | (248.6) | | | $ | 3.6 | | | $ | (254.5) | | | $ | (499.5) | |
The reclassifications out of Accumulated OCI for the three month periods ended April 4, 2026, and March 29, 2025, are as follows: | | | | | | | | | | | | | | | | | | | | | | | Amount Reclassified from Accumulated OCI | | | | Three Months Ended | | | | | | (Amounts in millions) | April 4, 2026 | | March 29, 2025 | | | | | | Statement of Earnings Presentation | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gains on cash flow hedges: | | | | | | | | | | | Treasury locks | $ | 0.4 | | | $ | 0.4 | | | | | | | Interest expense | | Income tax expense | — | | | — | | | | | | | Income tax expense | | Net of tax | 0.4 | | | 0.4 | | | | | | | | | | | | | | | | | | Amortization of net unrecognized losses | $ | (4.3) | | | $ | (5.2) | | | | | | | See footnote below* | | Income tax benefit | 1.1 | | | 1.3 | | | | | | | Income tax expense | | Net of tax | (3.2) | | | (3.9) | | | | | | | | Total reclassifications for the period, net of tax | $ | (2.8) | | | $ | (3.5) | | | | | | | |
| | | | | | | | | | | | | * | These Accumulated OCI components are included in the computation of net periodic pension and postretirement health care costs; see Note 10 and Note 11 for additional information. |
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