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COMMITEMENTS | 12 Months Ended
--- | ---
Dec. 31, 2025
Capital commitments [abstract] |
COMMITMENTS | COMMITMENTS
In millions |  | December 31, 2025 |  | December 31, 2024
Guarantees |  | $ | 21.5 |  |  | $ | 36.5 |
Other commitments |  | 319.5 |  |  | 339.5 |
Guarantees are primarily due to rental guarantees for owned retail stores and contribution guarantees for employee pension and life insurance plans. Other commitments are primarily due to long-term endorsement contracts with several professional and non-professional leagues, particularly in the United States, and contracts with brand ambassadors. There are no guarantees or contingencies given for the management of the Company, for the shareholders, or for the associated companies. Ongoing litigation The Company has extensive international operations and is involved in a number of legal proceedings, including product liability suits. Litigation is assessed on an ongoing basis by evaluating the probability of any potential financial impact. In management’s opinion, we have adequate legal defenses, insurance coverage, or accrued liabilities with respect to such proceedings. We do not expect that any settlement would have a material adverse effect on the consolidated statement of income and loss and other comprehensive income or loss or consolidated statement of financial position.

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- Definition The disclosure of commitments. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Note Expiry date 2027-01-01 -Name IAS -Number 1 -IssueDate 2025-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2025-en-b&anchor=para_10_e&doctype=Standard -URIDate 2025-03-27 + Details
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