The weighted-average assumptions used in the Monte Carlo simulation were as follows:



Expected annualized volatility(1)	32.0	%
Risk-free interest rate(2)	4.4	%
Expected dividend yield	0.6	%
Contractual term	7.0 years

(1) Expected volatility based on the average historical stock price volatility of a group of peer companies over a seven-year period consistent with the contractual term of the award.

(2) Risk-free rate based on the U.S. Treasury yield curve at the applicable grant date for a seven-year period consistent with the contractual term of the award.

The following tables present the changes in the balances of each component of AOCL including reclassifications out of AOCL for the six months ended July 3, 2026 and July 4, 2025. All amounts are net of tax and noncontrolling interest, if any.


	Accumulated Other Comprehensive Loss Components
	Net Unrecognized Pension and Other Post-Retirement Benefit Cost		Foreign Currency Translation Adjustment		Net Investment Hedges		Total
	(In thousands)
Balance at December 31, 2025	$	(51,677)	$	(450,325)	$	(37,714)	$	(539,716)
Other comprehensive income (loss) before reclassifications:

Foreign currency translation adjustment	110		(29,642)		6,729		(22,803)
Gain on long-term intra-entity foreign currency transactions	—		5,137		—		5,137

Other comprehensive income (loss) before reclassifications	110		(24,505)		6,729		(17,666)
Amounts reclassified from Accumulated other comprehensive loss(1)	369		—		—		369
Net current period Other comprehensive income (loss)	479		(24,505)		6,729		(17,297)
Balance at April 3, 2026	$	(51,198)	$	(474,830)	$	(30,985)	$	(557,013)
Other comprehensive income before reclassifications:

Foreign currency translation adjustment	47		3,816		2,902		6,765
Gain on long-term intra-entity foreign currency transactions	—		1,994		—		1,994

Other comprehensive income before reclassifications	47		5,810		2,902		8,759
Amounts reclassified from Accumulated other comprehensive loss(1)	82		—		—		82
Net current period Other comprehensive income	129		5,810		2,902		8,841
Balance at July 3, 2026	$	(51,069)	$	(469,020)	$	(28,083)	$	(548,172)

(1) The amounts on this line within the Net Unrecognized Pension and Other Post-Retirement Benefit Cost column are included in the computation of net periodic benefit cost.


	Accumulated Other Comprehensive Loss Components
	Net Unrecognized Pension and Other Post-Retirement Benefit Cost		Foreign Currency Translation Adjustment		Net Investment Hedges		Cash Flow Hedges		Total
	(In thousands)
Balance at December 31, 2024	$	(50,352)	$	(679,791)	$	(1,247)	$	1,816	$	(729,574)
Other comprehensive (loss) income before reclassifications:
Net actuarial loss	48		—		—		—		48
Foreign currency translation adjustment	(421)		94,613		(15,371)		—		78,821
Gain on long-term intra-entity foreign currency transactions	—		391		—		—		391
Unrealized gain on cash flow hedges	—		—		—		16		16
Other comprehensive (loss) income before reclassifications	(373)		95,004		(15,371)		16		79,276
Amounts reclassified from Accumulated other comprehensive loss(1)(2)	273		—		—		(1,832)		(1,559)
Net current period Other comprehensive (loss) income	(100)		95,004		(15,371)		(1,816)		77,717
Balance at April 4, 2025	$	(50,452)	$	(584,787)	$	(16,618)	$	—	$	(651,857)
Other comprehensive (loss) income before reclassifications:

Foreign currency translation adjustment	(431)		117,446		(25,027)		—		91,988
Gain on long-term intra-entity foreign currency transactions	—		9,968		—		—		9,968

Other comprehensive (loss) income before reclassifications	(431)		127,414		(25,027)		—		101,956
Amounts reclassified from Accumulated other comprehensive loss(1)	202		—		—		—		202
Net current period Other comprehensive (loss) income	(229)		127,414		(25,027)		—		102,158
Balance at July 4, 2025	$	(50,681)	$	(457,373)	$	(41,645)	$	—	$	(549,699)

(1) The amounts on this line within the Net Unrecognized Pension and Other Post-Retirement Benefit Cost column are included in the computation of net periodic benefit cost.

(2) The amount within the Cash Flow Hedges column is a component of Interest expense and other, net. See Note 10, “Derivatives” for additional details.