XML 43 R32.htm IDEA: XBRL DOCUMENT v3.25.3
DERIVATIVE INSTRUMENTS (Tables)
9 Months Ended
Sep. 27, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Open Forward Foreign Currency Contract
The notional amounts of our derivative instruments were as follows:
(In millions)
Derivatives designated as hedging instruments:September 27, 2025December 31, 2024
Interest rate swap contract - cash flow hedge$450.0 $750.0 
Schedule of Fair Value, by Balance Sheet Grouping
The fair values of our derivative instruments included in the condensed consolidated balance sheets were as follows:
(In millions)Derivative Assets
Derivatives designated as hedging instruments:Condensed Consolidated Balance Sheets LocationSeptember 27, 2025December 31, 2024
Interest rate swap contract - cash flow hedgeOther current assets$1.2 $7.1 
Schedule of Other Operating Cost and Expense, by Component
The following table summarizes the effects of our derivative instruments on our condensed consolidated statements of operations:
(Gain) loss recognized in Condensed Consolidated Statements of Operations
(In millions)Three months endedNine months ended
Derivatives designated as hedging instruments:
Condensed Consolidated Statements of Operations Location
September 27, 2025September 28, 2024September 27, 2025September 28, 2024
Interest rate swap contract - cash flow hedgeInterest expense$(1.5)$(5.6)$(6.7)$(23.2)
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The following table summarizes the effects of our derivative instruments on Accumulated other comprehensive loss:
Loss recognized in Accumulated other comprehensive loss
(In millions)Three months endedNine months ended
Derivatives designated as hedging instruments:September 27, 2025September 28, 2024September 27, 2025September 28, 2024
Interest rate swap contract - cash flow hedge$(1.1)$(9.9)$(4.6)$(13.6)