SUBSEQUENT EVENTS |
9 Months Ended |
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Oct. 03, 2026 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | SUBSEQUENT EVENTS On October 22, 2026, the Board of Directors declared a regular quarterly cash dividend of $0.54 per share of the Company's Common Stock. The cash dividend will be payable on December 18, 2026, to shareholders of record at the close of business on December 8, 2026. On November 2, 2026, the Company completed the sale of the global Lee® business, as discussed in Note 2. Net cash proceeds received were approximately $698.2 million, subject to customary adjustments including for cash, indebtedness and working capital as set forth in the Purchase Agreement. In connection with the sale, the Company finalized transition services agreements to provide certain post-closing accounting, tax, treasury, technology and supply chain services on a transitional basis for periods initially extending up to 12 months, with options for the Buyer to request an extension of certain services. On November 5, 2026, the Company announced it anticipates entering into accelerated share repurchase agreements (the "ASR Agreements") with multiple financial institutions to repurchase an aggregate of $400 million of the Company's shares of Common Stock as part of its 2026 Repurchase Program, commencing in the fourth quarter of 2026. The Company expects the final settlement of the transactions under the ASR Agreements to occur during the first half of 2027.
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