v3.26.1
CONSOLIDATED AND COMBINED CONDENSED STATEMENTS OF CHANGES IN EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Additional Paid-In Capital
Treasury Stock
Accumulated Deficit
Accumulated Other Comprehensive Loss
Net Former Parent Investment
Shares outstanding, beginning balance at Dec. 31, 2024   0.0          
Beginning balance at Dec. 31, 2024 $ 3,762.8 $ 0.0 $ 0.0 $ 0.0 $ 0.0 $ (491.3) $ 4,254.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings 63.9           63.9
Net transfers to Former 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 0.0 0.0 0.0 (405.3) 4,251.9
Shares outstanding, beginning balance at Dec. 31, 2024   0.0          
Beginning balance at Dec. 31, 2024 3,762.8 $ 0.0 0.0 0.0 0.0 (491.3) 4,254.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings 111.5            
Other comprehensive income (loss) 253.7            
Shares outstanding, ending balance at Jun. 27, 2025   112.7          
Ending balance at Jun. 27, 2025 3,039.8 $ 1.1 0.0 0.0 0.0 (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 0.0 0.0 0.0 (405.3) 4,251.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings 47.6           47.6
Recapitalization (in shares)   112.7          
Recapitalization 0.0 $ 1.1         (1.1)
Consideration paid to Former Parent in connection with the Separation (1,150.0)           (1,150.0)
Net transfers to Former 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          
Ending balance at Jun. 27, 2025 $ 3,039.8 $ 1.1 0.0 0.0 0.0 (237.6) 3,276.3
Shares outstanding, beginning balance at Dec. 31, 2025 112.9 112.9          
Beginning balance at Dec. 31, 2025 $ 1,634.3 $ 1.1 3,223.4 0.0 (1,345.3) (244.9) 0.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings 44.2       44.2    
Other comprehensive income (loss) (65.7)         (65.7)  
Dividends to common stockholders (5.6)       (5.6)    
Stock-based compensation (in shares)   0.2          
Stock-based compensation $ 13.5   13.5        
Common stock repurchases (in shares) (1.2) (1.2)          
Common stock repurchases $ (50.5)     (50.5)      
Shares withheld for taxes (4.7)   (4.7)        
Shares outstanding, ending balance at Apr. 03, 2026   111.9          
Ending balance at Apr. 03, 2026 $ 1,565.5 $ 1.1 3,232.2 (50.5) (1,306.7) (310.6) 0.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Quarterly dividend (in dollars per share) $ 0.05            
Shares outstanding, beginning balance at Dec. 31, 2025 112.9 112.9          
Beginning balance at Dec. 31, 2025 $ 1,634.3 $ 1.1 3,223.4 0.0 (1,345.3) (244.9) 0.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings 101.4            
Other comprehensive income (loss) $ (69.6)            
Common stock repurchases (in shares) (2.8)            
Common stock repurchases $ (151.5)            
Shares outstanding, ending balance at Jul. 03, 2026 110.6 110.6          
Ending balance at Jul. 03, 2026 $ 1,533.9 $ 1.1 3,253.8 (151.5) (1,255.0) (314.5) 0.0
Shares outstanding, beginning balance at Apr. 03, 2026   111.9          
Beginning balance at Apr. 03, 2026 1,565.5 $ 1.1 3,232.2 (50.5) (1,306.7) (310.6) 0.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings 57.2       57.2    
Other comprehensive income (loss) (3.9)         (3.9)  
Dividends to common stockholders (5.5)       (5.5)    
Stock-based compensation (in shares)   0.3          
Stock-based compensation 22.4   22.4        
Common stock repurchases (in shares)   (1.6)          
Common stock repurchases (101.0)     (101.0)      
Shares withheld for taxes $ (0.8)   (0.8)        
Shares outstanding, ending balance at Jul. 03, 2026 110.6 110.6          
Ending balance at Jul. 03, 2026 $ 1,533.9 $ 1.1 $ 3,253.8 $ (151.5) $ (1,255.0) $ (314.5) $ 0.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Quarterly dividend (in dollars per share) $ 0.05