v3.25.1
Financial instruments (Tables)
 3 Months Ended
Mar. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of foreign exchange gains and losses recognized within AOCI and the interest benefit recognized within interest expense The following table summarizes the foreign exchange gains and losses recognized within AOCI and the interest benefit recognized within interest expense related to cross currency swap for the three months ended March 30, 2025 and March 31, 2024:
Three Months Ended
March 30, 2025March 31, 2024
Foreign exchange (loss) gain
$(22,499)$8,893 
Interest benefit4,239 3,720 
Fair Values of Derivative Instruments Designated as Hedging Instruments
The following table presents the locations in the condensed consolidated balance sheet and fair value of derivative financial instruments as of March 30, 2025 and December 31, 2024:
March 30, 2025December 31, 2024
Fair Value
Asset derivatives:
Designated foreign currency forward contracts$2,860 $5,780 
Non-designated foreign currency forward contracts22,898 254 
Cross-currency interest rate swaps9,291 15,972 
Prepaid expenses and other current assets35,049 22,006 
Cross-currency interest rate swaps776 5,409 
Other assets776 5,409 
Total asset derivatives$35,825 $27,415 
Liability derivatives:  
Designated foreign currency forward contracts$5,042 $3,078 
Non-designated foreign currency forward contracts306 931 
Cross-currency interest rate swaps14,792 9,575 
Other current liabilities20,140 13,584 
Cross-currency interest rate swaps8,403 — 
Other liabilities8,403 — 
Total liability derivatives$28,543 $13,584