v3.25.2
COMBINED CONDENSED STATEMENTS OF CHANGES IN PARENT’S EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Accumulated Other Comprehensive Loss
Net Parent Investment
Beginning balance at Dec. 31, 2023 $ 2,260.7   $ (353.2) $ 2,613.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net earnings for the period 116.2     116.2
Net transfers from (to) parent 1,657.7     1,657.7
Other comprehensive income (loss) (46.0)   (46.0)  
Stock-based compensation 5.8     5.8
Ending balance at Mar. 29, 2024 3,994.4   (399.2) 4,393.6
Beginning balance at Dec. 31, 2023 2,260.7   (353.2) 2,613.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net earnings for the period 181.0      
Other comprehensive income (loss) (60.2)      
Ending balance at Jun. 28, 2024 3,981.5   (413.4) 4,394.9
Beginning balance at Mar. 29, 2024 3,994.4   (399.2) 4,393.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net earnings for the period 64.8     64.8
Net transfers from (to) parent (69.5)     (69.5)
Other comprehensive income (loss) (14.2)   (14.2)  
Stock-based compensation 6.0     6.0
Ending balance at Jun. 28, 2024 3,981.5   (413.4) 4,394.9
Beginning balance at Dec. 31, 2024 3,762.8   (491.3) 4,254.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net earnings for the period 63.9     63.9
Net transfers from (to) parent (72.6)     (72.6)
Other comprehensive income (loss) 86.0   86.0  
Stock-based compensation 6.5     6.5
Shares outstanding, ending balance at Mar. 28, 2025   0.0    
Ending balance at Mar. 28, 2025 3,846.6 $ 0.0 (405.3) 4,251.9
Beginning balance at Dec. 31, 2024 3,762.8   (491.3) 4,254.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net earnings for the period 111.5      
Other comprehensive income (loss) $ 253.7      
Shares outstanding, ending balance at Jun. 27, 2025 112.7 112.7    
Ending balance at Jun. 27, 2025 $ 3,039.8 $ 1.1 (237.6) 3,276.3
Shares outstanding, beginning balance at Mar. 28, 2025   0.0    
Beginning balance at Mar. 28, 2025 3,846.6 $ 0.0 (405.3) 4,251.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net earnings for the period 47.6     47.6
Recapitalization (in shares)   112.7    
Recapitalization 0.0 $ 1.1   (1.1)
Consideration paid to Parent in connection with the Separation (1,150.0)     (1,150.0)
Net transfers from (to) parent 119.8     119.8
Other comprehensive income (loss) 167.7   167.7  
Stock-based compensation $ 8.1     8.1
Shares outstanding, ending balance at Jun. 27, 2025 112.7 112.7    
Ending balance at Jun. 27, 2025 $ 3,039.8 $ 1.1 $ (237.6) $ 3,276.3