Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Loss

v3.23.2
Accumulated Other Comprehensive Loss
 6 Months Ended
Jul. 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

 

 

(2.4

)

 

 

5.4

 

 

 

3.0

 

Amounts reclassified from accumulated other comprehensive loss, net of tax

 

 

2.6

 

 

 

—

 

 

 

2.6

 

Tax effect

 

 

(0.1

)

 

 

(1.7

)

 

 

(1.8

)

Net current period other comprehensive income

 

 

0.1

 

 

 

3.7

 

 

 

3.8

 

Balance at July 1, 2023

 

$

8.6

 

 

$

(64.2

)

 

$

(55.6

)

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized
Gains and
(Losses) on
Derivative Instruments

 

 

Foreign
Currency
Items

 

 

Total

 

Balance at January 1, 2022

 

$

(1.4

)

 

$

(47.6

)

 

$

(49.0

)

Other comprehensive income (loss) before reclassifications

 

 

10.9

 

 

 

(34.5

)

 

 

(23.6

)

Amounts reclassified from accumulated other comprehensive loss, net of tax

 

 

(1.4

)

 

 

—

 

 

 

(1.4

)

Tax effect

 

 

(2.3

)

 

 

7.6

 

 

 

5.3

 

Net current period other comprehensive income (loss)

 

 

7.3

 

 

 

(26.9

)

 

 

(19.6

)

Balance at July 2, 2022

 

$

5.9

 

 

$

(74.5

)

 

$

(68.6

)