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Other Expense, Net
6 Months Ended
Jul. 04, 2026
Other Income and Expenses [Abstract]  
Other Expense, Net Other Expense, Net
Other expense, net includes non-income related taxes, foreign exchange gains and losses, gains and losses related to certain derivative instruments and hedging activities, gains and losses on certain disposals of assets, the non-service cost components of net periodic benefit cost and other miscellaneous income and expense.
A summary of other expense, net is shown below (in millions):
Three Months EndedSix Months Ended
July 4,
2026
June 28,
2025
July 4,
2026
June 28,
2025
Other expense$14.7 $14.1 $25.6 $34.4 
Other income(11.9)(8.9)(10.1)(8.8)
Other expense, net$2.8 $5.2 $15.5 $25.6 
In the three and six months ended July 4, 2026, other expense includes net foreign currency transaction losses of $8.8 million and $13.7 million, respectively, including losses of $0.8 million and $0.5 million, respectively, related to the hyper-inflationary environment in Argentina.
In the three and six months ended June 28, 2025, other expense includes net foreign currency transaction losses of $7.3 million and $17.3 million, respectively, including losses of $3.0 million and $4.6 million, respectively, related to the hyper-inflationary environment in Argentina. In the six months ended June 28, 2025, other expense also includes a loss of $3.3 million related to the disposal of a non-core business.