v3.22.2.2
Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 25, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Cash Flow Hedging Instruments
At September 25, 2022, September 26, 2021 and December 26, 2021, the notional amounts and fair values of the Company's foreign currency forward contracts designated as cash flow hedging instruments were as follows:
September 25, 2022September 26, 2021December 26, 2021
Hedged transactionNotional
Amount		Fair
Value		Notional
Amount		Fair
Value		Notional
Amount		Fair
Value
Inventory purchases$144.7 12.6 $261.8 6.0 $199.1 10.4 
Sales101.9 5.2 164.5 (0.5)104.5 (1.9)
Production financing and other106.7 7.2 261.4 0.3 217.0 2.3 
Total$353.3 25.0 $687.7 5.8 $520.6 10.8 
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location The fair values of the Company's foreign currency forward contracts designated as cash flow hedges are recorded in the consolidated balance sheets at September 25, 2022, September 26, 2021 and December 26, 2021 as follows:
September 25,
2022		September 26,
2021		December 26,
2021
Prepaid expenses and other current assets
Unrealized gains$24.5 $8.6 $13.8 
Unrealized losses(1.2)(3.7)(3.1)
Net unrealized gains$23.3 $4.9 $10.7 
Other assets
Unrealized gains$1.9 $2.0 $0.2 
Unrealized losses(0.1)(0.1)— 
Net unrealized gains$1.8 $1.9 $0.2 
Accrued liabilities
Unrealized gains$0.9 $0.3 $— 
Unrealized losses(1.0)(1.3)(0.1)
Net unrealized losses$(0.1)$(1.0)$(0.1)
Schedule of Derivative Instruments, Gain (Loss) in Statement of Operations
Net gains (losses) on cash flow hedging activities have been reclassified from other comprehensive earnings (loss) to net earnings for the quarters and nine months ended September 25, 2022 and September 26, 2021 as follows:
Quarter EndedNine Months Ended
September 25,
2022		September 26,
2021		September 25,
2022		September 26,
2021
Statements of Operations Classification
Cost of sales$5.9 $(2.0)$8.5 (4.4)
Net revenues1.0 0.1 0.8 1.4 
Other(0.2)0.8 (0.9)2.0 
Net realized (losses) gains$6.7 $(1.1)$8.4 (1.0)
Fair Values of Undesignated Derivative Financial Instruments
At September 25, 2022, September 26, 2021 and December 26, 2021, the fair values of the Company's undesignated derivative financial instruments were recorded in the consolidated balance sheets as follows:
September 25,
2022		September 26,
2021		December 26,
2021
Prepaid expenses and other current assets
Unrealized gains$19.6 $6.5 $— 
Unrealized losses(6.0)(3.4)— 
Net unrealized gains$13.6 $3.1 $— 
Accrued liabilities
Unrealized gains$— $— $3.5 
Unrealized losses(0.2)(0.8)(6.0)
Net unrealized losses$(0.2)$(0.8)$(2.5)
Total unrealized gains (losses), net$13.4 $2.3 $(2.5)