v3.26.1
Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 26, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Outstanding forward contracts
We had the following outstanding foreign currency contracts as of June 26, 2026 (in millions):

Foreign currency contracts qualifying as cash flow hedges:Notional amount
EuroEUR195.0 
Costa Rican colonCRC27,670.7 
Chilean pesoCLP11,417.5 
Kenyan shillingKES2,039.0 
Fair values of derivative instruments
The following table reflects the fair values of derivative instruments, which are designated as level 2 in the fair value hierarchy, as of June 26, 2026 and December 26, 2025 (U.S. dollars in millions):
 
Foreign exchange contracts (1)
Balance Sheet location:June 26,
2026
December 26,
2025
Asset derivatives:
Prepaid expenses and other current assets$9.7 $0.4 
Liability derivatives:
Accounts payable and accrued expenses$0.1 $1.4 
Effect of derivative instruments on Consolidated Statements of Comprehensive Income (Loss)
The following table reflects the effect of derivative instruments on the Consolidated Statements of Comprehensive Income for the quarters and six months ended June 26, 2026 and June 27, 2025 (U.S. dollars in millions):

Net amount of gain (loss) recognized in other comprehensive income on derivatives
Quarter endedSix months ended
 
Derivative instruments
June 26,
2026
June 27,
2025
June 26,
2026
June 27,
2025
Foreign exchange contracts$1.7 $(5.5)$10.5 $(7.0)
Interest rate swaps, net of tax(0.3)(0.8)(0.7)(1.7)
Total$1.4 $(6.3)$9.8 $(8.7)