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Derivative Instruments and Hedging Activities (Tables) | 3 Months Ended
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Mar. 29, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Effect of Derivative Instruments Designated as Cash Flow Hedges | The following is a summary of the gain (loss) included in the condensed consolidated statements of income (loss) and comprehensive income (loss) related to the derivative instruments described above (in millions):
| First Quarter |  |  |  |
| 2026 |  | 2025 |  |  |  |
Net gain (loss) recognized in AOCI—Foreign Exchange Contracts (a) | $ | (0.4) |  |  | $ | 0.8 |  |  |  |  |
Net gain (loss) recognized in AOCI—Cross-Currency Swap Contracts (a) | $ | 12.1 |  |  | $ | (5.5) |  |  |  |  |
Net gain (loss) reclassified from AOCI into revenue/cost of sales—Foreign Exchange Contracts (a) | $ | 0.5 |  |  | $ | (0.9) |  |  |  |  |
Net gain (loss) recognized in other income and expense, net—Foreign Exchange Contracts | $ | (14.0) |  |  | $ | 11.4 |  |  |  |  |
(a) Effective portion, pre-tax
Schedule of Notional Amounts of Outstanding Foreign Currency Contracts | The following is a summary of notional amounts and fair values of the Company’s derivatives recorded in the condensed consolidated balance sheets presented by instrument type and use (in millions):
| Notional Amount |  | Fair Value Asset |  | Fair Value Liability
| March 29, 2026 | December 28, 2025 |  | March 29, 2026 | December 28, 2025 |  | March 29, 2026 | December 28, 2025
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign currency forward contracts | $ | 106.4 |  | $ | 52.2 |  |  | $ | 0.1 |  | $ | 0.5 |  |  | $ | (0.5) |  | $ | — |
Cross-currency swap agreements | 518.7 |  | 530.0 |  |  | 6.7 |  | 6.0 |  |  | (27.0) |  | (40.4) |
Total derivatives designated as hedging instruments | $ | 625.1 |  | $ | 582.2 |  |  | $ | 6.8 |  | $ | 6.5 |  |  | $ | (27.5) |  | $ | (40.4) |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |
Foreign currency forward contracts | $ | 641.9 |  | $ | 815.6 |  |  | $ | 1.4 |  | $ | 15.5 |  |  | $ | (16.4) |  | $ | (1.4) |
Total derivatives | $ | 1,267.0 |  | $ | 1,397.8 |  |  | $ | 8.2 |  | $ | 22.0 |  |  | $ | (43.9) |  | $ | (41.8) |

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- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 182 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480401/815-10-55-182 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
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