v3.26.1
Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
Jul. 04, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Open Forward Foreign Currency Contract The notional amounts and fair values of our outstanding foreign currency derivative contracts, which are recorded within Other current assets in our Consolidated Condensed Balance Sheets, were as follows:
As of the Period EndedJuly 4,
2026		December 31, 2025
Notional amount (U.S. dollar equivalent)
$385.5 $201.5 
Fair value of foreign currency derivative contracts(a)
$3.3 $0.5 
(a)    Our foreign currency derivative contracts are classified within Level 2 of the fair value hierarchy because these contracts are not actively traded and the valuation inputs are based on market observable data of similar instruments.
 [1]
Derivative Instruments, Gain (Loss)
Gains or losses arising from changes in fair value of our foreign currency derivative contracts are recorded within General and administrative expenses in our Consolidated Statements of Operations. The cash flow impact upon settlement of our foreign currency derivative contracts is included in operating activities in our Consolidated Statements of Cash Flows. The financial statement impact from foreign currency derivative contracts were as follows:
Three Months EndedSix Months Ended
July 4,
2026		June 28,
2025		July 4,
2026		June 28,
2025
Gain/(loss) on foreign currency derivative contracts(a)
$(1.6)$2.7 $0.1 $(0.4)
Cash (outflow) inflow from foreign currency derivative contracts$(4.1)$(0.4)$(3.1)$1.5 
(a)    None of our derivative contracts were designated as hedging instruments under ASC 815 - Derivatives & Hedging.
[1] Our foreign currency derivative contracts are classified within Level 2 of the fair value hierarchy because these contracts are not actively traded and the valuation inputs are based on market observable data of similar instruments.