v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($)
$ in Millions
Total
Common Stock
Paid-in Capital
Treasury stock, at cost
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Beginning balance, shares (in shares) at Dec. 29, 2024   127,600,000        
Beginning balance at Dec. 29, 2024 $ 1,294.7 $ 1.3 $ 39.7 $ (44.0) $ (32.7) $ 1,330.4
Comprehensive income:            
Net income (loss) 13.3         13.3
Other comprehensive (loss) income 9.5       9.5  
Stock-based compensation (in shares)   400,000        
Stock-based compensation 0.6   5.1 (4.5)    
Stock repurchase program (in shares)   (800,000)        
Stock repurchase program (11.4)     (11.4)    
Ending balance, shares (in shares) at Mar. 30, 2025   127,200,000        
Ending balance at Mar. 30, 2025 1,306.7 $ 1.3 44.8 (59.9) (23.2) 1,343.7
Beginning balance, shares (in shares) at Dec. 29, 2024   127,600,000        
Beginning balance at Dec. 29, 2024 1,294.7 $ 1.3 39.7 (44.0) (32.7) 1,330.4
Comprehensive income:            
Net income (loss) 50.6          
Other comprehensive (loss) income $ 27.6          
Stock repurchase program (in shares) (1,415,429)          
Stock repurchase program $ (18.1)          
Ending balance, shares (in shares) at Jun. 29, 2025   126,700,000        
Ending balance at Jun. 29, 2025 1,361.0 $ 1.3 50.5 (66.7) (5.1) 1,381.0
Beginning balance, shares (in shares) at Mar. 30, 2025   127,200,000        
Beginning balance at Mar. 30, 2025 1,306.7 $ 1.3 44.8 (59.9) (23.2) 1,343.7
Comprehensive income:            
Net income (loss) 37.3         37.3
Other comprehensive (loss) income 18.1       18.1  
Stock-based compensation (in shares)   100,000        
Stock-based compensation $ 5.6   5.7 (0.1)    
Stock repurchase program (in shares) (576,445) (600,000)        
Stock repurchase program $ (6.7)     (6.7)    
Ending balance, shares (in shares) at Jun. 29, 2025   126,700,000        
Ending balance at Jun. 29, 2025 $ 1,361.0 $ 1.3 50.5 (66.7) (5.1) 1,381.0
Beginning balance, shares (in shares) at Dec. 28, 2025 127,200,000 127,200,000        
Beginning balance at Dec. 28, 2025 $ 1,344.6 $ 1.3 55.8 (70.4) 0.8 1,357.1
Comprehensive income:            
Net income (loss) (15.4)         (15.4)
Other comprehensive (loss) income (6.3)       (6.3)  
Stock-based compensation (in shares)   800,000        
Stock-based compensation (2.4)   4.3 (6.7)    
Ending balance, shares (in shares) at Mar. 29, 2026   128,000,000.0        
Ending balance at Mar. 29, 2026 $ 1,320.5 $ 1.3 60.1 (77.1) (5.5) 1,341.7
Beginning balance, shares (in shares) at Dec. 28, 2025 127,200,000 127,200,000        
Beginning balance at Dec. 28, 2025 $ 1,344.6 $ 1.3 55.8 (70.4) 0.8 1,357.1
Comprehensive income:            
Net income (loss) (73.0)          
Other comprehensive (loss) income $ (4.3)          
Stock repurchase program (in shares) 0          
Ending balance, shares (in shares) at Jun. 28, 2026 203,400,000 203,400,000        
Ending balance at Jun. 28, 2026 $ 1,968.7 $ 2.0 764.3 (78.2) (3.5) 1,284.1
Beginning balance, shares (in shares) at Mar. 29, 2026   128,000,000.0        
Beginning balance at Mar. 29, 2026 1,320.5 $ 1.3 60.1 (77.1) (5.5) 1,341.7
Comprehensive income:            
Net income (loss) (57.6)         (57.6)
Other comprehensive (loss) income 2.0       2.0  
Issuance of common stock in connection with asset acquisition (in shares)   75,000,000.0        
Issuance of common stock in connection with asset acquisition 692.2 $ 0.7 691.5      
Stock-based compensation (in shares)   400,000        
Stock-based compensation $ 11.6   12.7 (1.1)    
Stock repurchase program (in shares) 0          
Ending balance, shares (in shares) at Jun. 28, 2026 203,400,000 203,400,000        
Ending balance at Jun. 28, 2026 $ 1,968.7 $ 2.0 $ 764.3 $ (78.2) $ (3.5) $ 1,284.1