Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income (Details)

v3.22.2.2
Comprehensive Income (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 9 Months Ended
Oct. 01, 2022
Jul. 02, 2022
Apr. 02, 2022
Oct. 02, 2021
Jul. 03, 2021
Apr. 03, 2021
Oct. 01, 2022
Oct. 02, 2021
Comprehensive Income [Abstract]                
Net Earnings (Loss) $ 163.8 $ 197.3 $ 174.2 $ 143.1 $ 179.4 $ 169.3 $ 535.3 $ 491.8
Foreign Currency Cumulative Translation Adjustment (27.5)     (9.9)     (58.0) (14.2)
Net Change in Unamortized Prior Service Credits 0.0     0.0     0.0 (0.2)
Net Change in Unamortized Actuarial Losses 0.4     0.3     0.9 0.6
Net Change in Unrealized Derivative Losses 21.3     7.1     48.9 21.5
Total Other Comprehensive Income (Loss) (5.8)     (2.5)     (8.2) 7.7
Comprehensive Income (loss) 158.0     140.6     527.1 499.5
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]                
Accumulated Other Comprehensive Loss, Net of Tax, Beginning Balance (33.9)   (31.5) (32.5)   (42.7) (31.5) (42.7)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]                
Other Comprehensive Income (Loss) Before Reclassifications (0.9) [1]     (2.9) [2]     5.0 [3] 2.9 [4]
Amounts Reclassified from Accumulated Other Comprehensive Loss (4.9) [5]     0.4 [6]     (13.2) [7] 4.8 [8]
Net Other Comprehensive Income (Loss) (5.8) (12.3) $ 9.9 (2.5) 4.6 5.6 (8.2) 7.7
Accumulated Other Comprehensive Loss, Net of Tax, Ending Balance (39.7) (33.9)   (35.0) $ (32.5)   (39.7) (35.0)
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent [Abstract]                
Foreign Currency Translation Adjustments Arising During Period, Tax Effect 5.4     0.4     8.5 0.4
Gains (Losses) on Derivatives Arising During Period, Tax Effect (3.6)     $ (2.5)     (16.3) (5.9)
Cash Dividends Declared Per Common Share (in Dollars per Share)     $ 0.365 $ 0.335 $ 0.27      
Foreign Currency Translation                
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]                
Accumulated Other Comprehensive Loss, Net of Tax, Beginning Balance (65.0)   $ (34.5) $ (19.4)   (15.1) (34.5) (15.1)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]                
Other Comprehensive Income (Loss) Before Reclassifications (27.5) [1]     (9.9) [2]     (58.0) [3] (14.2) [4]
Amounts Reclassified from Accumulated Other Comprehensive Loss 0.0 [5]     0.0 [6]     0.0 [7] 0.0 [8]
Net Other Comprehensive Income (Loss) (27.5)     (9.9)     (58.0) (14.2)
Accumulated Other Comprehensive Loss, Net of Tax, Ending Balance (92.5) (65.0)   (29.3) $ (19.4)   (92.5) (29.3)
Prior Service Credits                
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]                
Accumulated Other Comprehensive Loss, Net of Tax, Beginning Balance (3.7)   (3.7) (3.7)   (3.5) (3.7) (3.5)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]                
Other Comprehensive Income (Loss) Before Reclassifications 0.0 [1]     0.0 [2]     0.0 [3] 0.0 [4]
Amounts Reclassified from Accumulated Other Comprehensive Loss 0.0 [5]     0.0 [6]     0.0 [7] 0.2 [8]
Net Other Comprehensive Income (Loss) 0.0     0.0     0.0 (0.2)
Accumulated Other Comprehensive Loss, Net of Tax, Ending Balance (3.7) (3.7)   (3.7) (3.7)   (3.7) (3.7)
Net Actuarial Losses                
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]                
Accumulated Other Comprehensive Loss, Net of Tax, Beginning Balance (2.9)   (3.4) (8.6)   (8.9) (3.4) (8.9)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]                
Other Comprehensive Income (Loss) Before Reclassifications 0.3 [1]     0.1 [2]     0.3 [3] 0.1 [4]
Amounts Reclassified from Accumulated Other Comprehensive Loss (0.1) [5]     (0.2) [6]     (0.6) [7] (0.5) [8]
Net Other Comprehensive Income (Loss) 0.4     0.3     0.9 0.6
Accumulated Other Comprehensive Loss, Net of Tax, Ending Balance (2.5) (2.9)   (8.3) (8.6)   (2.5) (8.3)
Net Derivative Losses                
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]                
Accumulated Other Comprehensive Loss, Net of Tax, Beginning Balance 37.5   9.9 (0.8)   $ (15.2) 9.9 (15.2)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]                
Other Comprehensive Income (Loss) Before Reclassifications 26.3 [1]     6.9 [2]     62.7 [3] 17.0 [4]
Amounts Reclassified from Accumulated Other Comprehensive Loss 5.0 [5]     (0.2) [6]     13.8 [7] (4.5) [8]
Net Other Comprehensive Income (Loss) 21.3     7.1     48.9 21.5
Accumulated Other Comprehensive Loss, Net of Tax, Ending Balance 58.8 37.5   $ 6.3 $ (0.8)   58.8 $ 6.3
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent                
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]                
Accumulated Other Comprehensive Loss, Net of Tax, Beginning Balance 0.2   $ 0.2       0.2  
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]                
Other Comprehensive Income (Loss) Before Reclassifications 0.0 [1]           0.0 [3]  
Amounts Reclassified from Accumulated Other Comprehensive Loss 0.0 [5]           0.0 [7]  
Net Other Comprehensive Income (Loss) 0.0           0.0  
Accumulated Other Comprehensive Loss, Net of Tax, Ending Balance $ 0.2 $ 0.2         $ 0.2  
[1] (A) The tax effects for the three months ended October 1, 2022 were $5.4 million for foreign currency translation and $(3.6) million for derivatives.
[2] The tax effects for the three months ended October 2, 2021 were $0.4 million for foreign currency translation and $(2.5) million for derivatives.
[3] (A) The tax effects for the nine months ended October 1, 2022 were $8.5 million for foreign currency translation and $(16.3) million for derivatives.
[4] (A) The tax effects for the nine months ended October 2, 2021 were $0.4 million for foreign currency translation and $(5.9) million for derivatives.
[5] (B) See the table depicting reclassification adjustments out of Accumulated other comprehensive loss below for the tax effects for the three months ended October 1, 2022.
[6] See the table depicting reclassification adjustments out of Accumulated other comprehensive loss below for the tax effects for the three months ended October 2, 2021.
[7] (B) See the table depicting reclassification adjustments out of Accumulated other comprehensive loss below for the tax effects for the nine months ended October 1, 2022.
[8] (B) See the table depicting reclassification adjustments out of Accumulated other comprehensive loss below for the tax effects for the nine months ended October 2, 2021.