Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income (Details)

v3.23.1
Comprehensive Income (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Comprehensive Income [Abstract]    
Net Earnings (Loss) $ 112.3 $ 174.2
Foreign Currency Cumulative Translation Adjustment 6.3 2.1
Net Change in Unamortized Actuarial Losses 0.1 0.2
Net Change in Unrealized Derivative Losses (2.8) 7.6
Total Other Comprehensive Income (Loss) 3.6 9.9
Comprehensive Income (loss) 115.9 184.1
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]    
Accumulated Other Comprehensive Loss, Net of Tax, Beginning Balance (29.5) (31.5)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]    
Other Comprehensive Income (Loss) Before Reclassifications 8.4 [1] 12.9 [2]
Amounts Reclassified from Accumulated Other Comprehensive Loss (4.8) [3] (3.0) [4]
Net Other Comprehensive Income (Loss) 3.6 9.9
Accumulated Other Comprehensive Loss, Net of Tax, Ending Balance (25.9) (21.6)
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent [Abstract]    
Foreign Currency Translation Adjustments Arising During Period, Tax Effect (0.1) 1.6
Gains (Losses) on Derivatives Arising During Period, Tax Effect $ (1.0) $ (3.5)
Cash Dividends Declared Per Common Share (in Dollars per Share) $ 0.40 $ 0.365
Foreign Currency Translation    
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]    
Accumulated Other Comprehensive Loss, Net of Tax, Beginning Balance $ (71.3) $ (34.5)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]    
Other Comprehensive Income (Loss) Before Reclassifications 6.3 [1] 2.1 [2]
Amounts Reclassified from Accumulated Other Comprehensive Loss 0.0 0.0
Net Other Comprehensive Income (Loss) 6.3 2.1
Accumulated Other Comprehensive Loss, Net of Tax, Ending Balance (65.0) (32.4)
Prior Service Credits    
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]    
Accumulated Other Comprehensive Loss, Net of Tax, Beginning Balance (4.1) (3.7)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]    
Other Comprehensive Income (Loss) Before Reclassifications 0.0 0.0
Amounts Reclassified from Accumulated Other Comprehensive Loss 0.0 0.0
Net Other Comprehensive Income (Loss) 0.0 0.0
Accumulated Other Comprehensive Loss, Net of Tax, Ending Balance (4.1) (3.7)
Net Actuarial Losses    
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]    
Accumulated Other Comprehensive Loss, Net of Tax, Beginning Balance 9.7 (3.4)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]    
Other Comprehensive Income (Loss) Before Reclassifications 0.0 0.0
Amounts Reclassified from Accumulated Other Comprehensive Loss (0.1) [3] (0.2) [4]
Net Other Comprehensive Income (Loss) 0.1 0.2
Accumulated Other Comprehensive Loss, Net of Tax, Ending Balance 9.8 (3.2)
Net Derivative Losses    
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]    
Accumulated Other Comprehensive Loss, Net of Tax, Beginning Balance 36.0 9.9
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]    
Other Comprehensive Income (Loss) Before Reclassifications 2.1 [1] 10.8 [2]
Amounts Reclassified from Accumulated Other Comprehensive Loss 4.9 [3] 3.2 [4]
Net Other Comprehensive Income (Loss) (2.8) 7.6
Accumulated Other Comprehensive Loss, Net of Tax, Ending Balance 33.2 17.5
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
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]    
Other Comprehensive Income (Loss) Before Reclassifications 0.0 0.0
Amounts Reclassified from Accumulated Other Comprehensive Loss 0.0 0.0
Net Other Comprehensive Income (Loss) 0.0 0.0
Accumulated Other Comprehensive Loss, Net of Tax, Ending Balance $ 0.2 $ 0.2
[1] The tax effects for the three months ended April 1, 2023 were $(0.1) million for foreign currency translation and $(1.0) million for derivatives.
[2] (A) The tax effects for the three months ended April 2, 2022 were $1.6 million for foreign currency translation and $(3.5) million for derivatives.
[3] See the table depicting reclassification adjustments out of Accumulated other comprehensive loss below for the tax effects for the three months ended April 1, 2023.
[4] (B) See the table depicting reclassification adjustments out of Accumulated other comprehensive loss below for the tax effects for the three months ended April 2, 2022