Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Loss

v3.23.1
Accumulated Other Comprehensive Loss
 3 Months Ended
Apr. 01, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE LOSS

12. ACCUMULATED OTHER COMPREHENSIVE LOSS

The following tables present changes in accumulated other comprehensive loss by component:

 

 

 

Unrealized
Gains and
(Losses) on
Derivative Instruments

 

 

Foreign
Currency
Items

 

 

Total

 

Balance at December 31, 2022

 

$

8.5

 

 

$

(67.9

)

 

$

(59.4

)

Other comprehensive (loss) income before reclassifications

 

 

(4.5

)

 

 

4.3

 

 

 

(0.2

)

Amounts reclassified from accumulated other comprehensive loss, net of tax

 

 

1.4

 

 

 

—

 

 

 

1.4

 

Tax effect

 

 

0.7

 

 

 

(1.2

)

 

 

(0.5

)

Net current period other comprehensive (loss) income

 

 

(2.4

)

 

 

3.1

 

 

 

0.7

 

Balance at April 1, 2023

 

$

6.1

 

 

$

(64.8

)

 

$

(58.7

)

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized
Gains and
(Losses) on
Derivative Instruments

 

 

Foreign
Currency
Items

 

 

Total

 

Balance at January 1, 2022

 

$

(1.3

)

 

$

(47.7

)

 

$

(49.0

)

Other comprehensive income (loss) before reclassifications

 

 

8.2

 

 

 

(10.0

)

 

 

(1.8

)

Amounts reclassified from accumulated other comprehensive loss, net of tax

 

 

(0.8

)

 

 

—

 

 

 

(0.8

)

Tax effect

 

 

(1.8

)

 

 

2.3

 

 

 

0.5

 

Net current period other comprehensive income (loss)

 

 

5.6

 

 

 

(7.7

)

 

 

(2.1

)

Balance at April 2, 2022

 

$

4.3

 

 

$

(55.4

)

 

$

(51.1

)