v3.26.1
Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 28, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Cash Flow Hedging Instruments
The notional amounts and fair values of the Company's foreign currency forward contracts designated as cash flow hedging instruments were as follows:
June 28, 2026June 29, 2025December 28, 2025
Notional
Amount
Fair
Value
Notional
Amount
Fair
Value
Notional
Amount
Fair
Value
Inventory purchases$217.9 $(0.6)$254.2 $(11.8)$199.9 $(9.5)
Sales94.7 2.1 125.8 (0.4)76.0 3.1 
Other20.5 (1.4)65.8 0.8 35.4 (0.7)
Total$333.1 $0.1 $445.8 $(11.4)$311.3 $(7.1)
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 as follows:
June 28,
2026
June 29,
2025
December 28,
2025
Prepaid expenses and other current assets:
Unrealized gains$1.7 $0.4 $1.4 
Unrealized losses(0.5)(0.3)(0.7)
Net unrealized gains$1.2 $0.1 $0.7 
Other assets:
Unrealized gains$2.3 $— $1.2 
Unrealized losses(0.2)— (0.3)
Net unrealized gains$2.1 $— $0.9 
Accrued liabilities:
Unrealized gains$2.1 $3.0 $1.5 
Unrealized losses(5.3)(9.0)(9.5)
Net unrealized losses$(3.2)$(6.0)$(8.0)
Other liabilities:
Unrealized gains$— $0.4 $— 
Unrealized losses— (5.9)(0.7)
Net unrealized losses$— $(5.5)$(0.7)
Schedule of Fair Values of Undesignated Derivative Financial Instruments
The fair values of the Company's undesignated derivative financial instruments were recorded in the Consolidated Balance Sheets as follows:
June 28,
2026
June 29,
2025
December 28,
2025
Prepaid expenses and other current assets:
Unrealized gains$— $2.2 $0.6 
Unrealized losses— — (0.2)
Net unrealized gains$— $2.2 $0.4 
Accrued liabilities:
Unrealized gains$0.9 $— $— 
Unrealized losses(3.0)— — 
Net unrealized losses$(2.1)$— $— 
Schedule of Derivative Instruments, Realized Gain (Loss) in Statement of Operations
Net realized (losses) gains on cash flow hedging activities have been reclassified from Other comprehensive earnings, net of tax to Net earnings (loss) as follows:
Three Months EndedSix Months Ended
June 28,
2026
June 29,
2025
June 28,
2026
June 29,
2025
Statements of Operations Classification
Cost of sales$(1.5)$0.7 $(3.0)$1.8 
Net revenues0.2 0.2 0.8 (0.1)
Other0.1 (0.1)(0.1)— 
Net realized (losses) gains$(1.2)$0.8 $(2.3)$1.7