Quarterly report pursuant to Section 13 or 15(d)

Comprehensive Income (Details)

v3.23.3
Comprehensive Income (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Jul. 01, 2023
Apr. 01, 2023
Oct. 01, 2022
Jul. 02, 2022
Apr. 02, 2022
Sep. 30, 2023
Oct. 01, 2022
Comprehensive Income [Abstract]                
Net Earnings (Loss) $ 112.5 $ 134.7 $ 112.3 $ 163.8 $ 197.3 $ 174.2 $ 359.5 $ 535.3
Foreign Currency Cumulative Translation Adjustment (20.7)     (27.5)     (12.2) (58.0)
Net Change in Unamortized Actuarial Losses 0.1     0.4     0.3 0.9
Net Change in Unrealized Derivative Losses 7.3     21.3     (0.7) 48.9
Total Other Comprehensive Income (Loss) (13.3)     (5.8)     (12.6) (8.2)
Comprehensive Income (loss) 99.2     158.0     346.9 527.1
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]                
Accumulated Other Comprehensive Loss, Net of Tax, Beginning Balance (28.8)   (29.5) (33.9)   9.9 (29.5) 9.9
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]                
Other Comprehensive Income (Loss) Before Reclassifications (12.6) [1]     (0.9)     (4.6) [1] 62.7 [2]
Amounts Reclassified from Accumulated Other Comprehensive Loss (0.7) [3]     (4.9)     (8.0) [3] (13.8) [4]
Net Other Comprehensive Income (Loss) (13.3) (2.9) $ 3.6 (5.8) (12.3) 9.9 (12.6) (8.2)
Accumulated Other Comprehensive Loss, Net of Tax, Ending Balance (42.1) $ (28.8)   (39.7) (33.9)   (42.1) (39.7)
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent [Abstract]                
Foreign Currency Translation Adjustments Arising During Period, Tax Effect 1.1     5.4     0.6 8.5
Gains (Losses) on Derivatives Arising During Period, Tax Effect $ (2.9)     $ (3.6)     (3.3) (16.3)
Cash Dividends Declared Per Common Share (in Dollars per Share) $ 0.40 $ 0.40 $ 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 $ (62.8)   $ (71.3) $ (65.0)   (34.5) (71.3) (34.5)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]                
Other Comprehensive Income (Loss) Before Reclassifications (20.7) [1]     (27.5)     (12.2) [1] (58.0) [2]
Amounts Reclassified from Accumulated Other Comprehensive Loss 0.0     0.0     0.0 0.0
Net Other Comprehensive Income (Loss) (20.7)     (27.5)     (12.2) (58.0)
Accumulated Other Comprehensive Loss, Net of Tax, Ending Balance (83.5) $ (62.8)   (92.5) (65.0)   (83.5) (92.5)
Prior Service Credits                
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]                
Accumulated Other Comprehensive Loss, Net of Tax, Beginning Balance (4.1)   (4.1) (3.7)   (3.7) (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     0.0 0.0
Amounts Reclassified from Accumulated Other Comprehensive Loss 0.0     0.0     0.0 0.0
Net Other Comprehensive Income (Loss) 0.0     0.0     0.0 0.0
Accumulated Other Comprehensive Loss, Net of Tax, Ending Balance (4.1) (4.1)   (3.7) (3.7)   (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 9.9   9.7 (2.9)   (3.4) 9.7 (3.4)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]                
Other Comprehensive Income (Loss) Before Reclassifications 0.0     0.3     0.0 0.3
Amounts Reclassified from Accumulated Other Comprehensive Loss (0.1) [3]     (0.1)     (0.3) [3] (0.6) [4]
Net Other Comprehensive Income (Loss) 0.1     0.4     0.3 0.9
Accumulated Other Comprehensive Loss, Net of Tax, Ending Balance 10.0 9.9   (2.5) (2.9)   10.0 (2.5)
Net Derivative Losses                
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]                
Accumulated Other Comprehensive Loss, Net of Tax, Beginning Balance 28.0   36.0 37.5   0.2 36.0 0.2
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]                
Other Comprehensive Income (Loss) Before Reclassifications 8.1 [1]     26.3     7.6 [1] 0.0 [2]
Amounts Reclassified from Accumulated Other Comprehensive Loss 0.8 [3]     5.0     8.3 [3] 0.0 [4]
Net Other Comprehensive Income (Loss) 7.3     21.3     (0.7) 48.9
Accumulated Other Comprehensive Loss, Net of Tax, Ending Balance 35.3 28.0   58.8 37.5   35.3 58.8
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   $ (31.5) 0.2 (31.5)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]                
Other Comprehensive Income (Loss) Before Reclassifications 0.0     0.0     0.0 5.0
Amounts Reclassified from Accumulated Other Comprehensive Loss 0.0     0.0     0.0 13.2
Net Other Comprehensive Income (Loss) 0.0     0.0     0.0 0.0
Accumulated Other Comprehensive Loss, Net of Tax, Ending Balance $ 0.2 $ 0.2   $ 0.2 $ 0.2   $ 0.2 $ 0.2
[1] The tax effects for the three months ended September 30, 2023 were $1.1 million for foreign currency translation and $(2.9) million for derivatives.
[2] (A) The tax effects for the nine months ended September 30, 2023 were $0.6 million for foreign currency translation and $(3.3) 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 September 30, 2023.
[4] (B) See the table depicting reclassification adjustments out of Accumulated other comprehensive loss below for the tax effects for the nine months ended September 30, 2023