v3.26.1
Financial Instruments (Tables)
6 Months Ended
Jun. 28, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of Fair Values of Foreign Exchange Derivative Instruments on the Consolidated Balance Sheets
The fair values of foreign exchange derivative instruments on the condensed consolidated balance sheets as of June 28, 2026 and December 28, 2025 were:

(U.S. Dollars presented in millions)LocationJune 28, 2026December 28, 2025
Assets:
Foreign exchange contractsOther current assets$2.7 $6.1 
Total assets$2.7 $6.1 
Schedule of Effects of Derivative Financial Instruments on the Consolidated Statements of Income
The effects of cash flow hedging financial instruments included within the condensed consolidated statements of comprehensive (loss) income for the thirteen and twenty-six weeks ended June 28, 2026 and June 29, 2025 are presented in the table below. When the hedged item affects earnings, amounts are reclassed out of accumulated other comprehensive (loss) income and recognized as a component of cost of products sold.
Amount Recognized in Statement of Comprehensive
(Loss) Income for Cash Flow Hedging Relationships
13 Weeks Ended26 Weeks Ended
(U.S. Dollars presented in millions)June 28, 2026June 29, 2025June 28, 2026June 29, 2025
Foreign exchange contracts:
Unrealized holding gains arising during period$2.5 $5.8 $3.2 $6.8 
Less: reclassification adjustment for (gains) losses included in net income(2.1)(0.2)(5.9)2.7 
Unrealized gains (losses) on derivatives$0.4 $5.6 $(2.7)$9.5 

The effects of fair value hedging financial instruments included in other income, net on the condensed consolidated statements of income for the thirteen and twenty-six weeks ended June 28, 2026 and June 29, 2025 were:

Amount Recognized in Earnings
 on Fair Value Hedging Relationships
13 Weeks Ended26 Weeks Ended
(U.S. Dollars presented in millions)June 28, 2026June 29, 2025June 28, 2026June 29, 2025
Foreign exchange contracts:
Hedged items$(0.1)$(0.3)$— $(0.5)
Net losses recognized in earnings$(0.1)$(0.3)$— $(0.5)