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Financial Instruments (Tables) | 9 Months Ended
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Sep. 27, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Offsetting Assets | The following table shows the fair value and balance sheet locations of our fair value hedges, cross-currency swap contracts designated as cash flow hedges and net investment hedges as of September 27, 2025 and December 28, 2024:
(In millions) |  | Notional Amount |  | Other Current Assets |  | Other Non-Current Assets |  | Other Current Liabilities |  | Other Non-Current Liabilities |  | Type of Hedge
September 27, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedges: |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | $ | 1,167.4 |  |  | $ | 29.7 |  |  | $ | — |  |  | $ | .3 |  |  | $ | — |  |  | Fair value
Cross-currency swap contracts |  | 250.0 |  |  | — |  |  | — |  |  | — |  |  | 11.8 |  |  | Cash flow
Foreign currency forward contracts with collars |  | 1,167.4 |  |  | — |  |  | — |  |  | 20.3 |  |  | — |  |  | Net investment
Total |  |  |  | $ | 29.7 |  |  | $ | — |  |  | $ | 20.6 |  |  | $ | 11.8 |  |  |
December 28, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedges: |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | $ | 958.9 |  |  | $ | .2 |  |  | $ | — |  |  | $ | 36.7 |  |  | $ | — |  |  | Fair value
Cross-currency swap contracts |  | 250.0 |  |  | — |  |  | 10.9 |  |  | — |  |  | — |  |  | Cash flow
Foreign currency forward contracts with collars |  | 958.9 |  |  | 17.8 |  |  | — |  |  | .2 |  |  | — |  |  | Net investment
Total |  |  |  | $ | 18.0 |  |  | $ | 10.9 |  |  | $ | 36.9 |  |  | $ | — |  |  |
Schedule of Offsetting Liabilities | The following table shows the fair value and balance sheet locations of our fair value hedges, cross-currency swap contracts designated as cash flow hedges and net investment hedges as of September 27, 2025 and December 28, 2024:
(In millions) |  | Notional Amount |  | Other Current Assets |  | Other Non-Current Assets |  | Other Current Liabilities |  | Other Non-Current Liabilities |  | Type of Hedge
September 27, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedges: |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | $ | 1,167.4 |  |  | $ | 29.7 |  |  | $ | — |  |  | $ | .3 |  |  | $ | — |  |  | Fair value
Cross-currency swap contracts |  | 250.0 |  |  | — |  |  | — |  |  | — |  |  | 11.8 |  |  | Cash flow
Foreign currency forward contracts with collars |  | 1,167.4 |  |  | — |  |  | — |  |  | 20.3 |  |  | — |  |  | Net investment
Total |  |  |  | $ | 29.7 |  |  | $ | — |  |  | $ | 20.6 |  |  | $ | 11.8 |  |  |
December 28, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedges: |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | $ | 958.9 |  |  | $ | .2 |  |  | $ | — |  |  | $ | 36.7 |  |  | $ | — |  |  | Fair value
Cross-currency swap contracts |  | 250.0 |  |  | — |  |  | 10.9 |  |  | — |  |  | — |  |  | Cash flow
Foreign currency forward contracts with collars |  | 958.9 |  |  | 17.8 |  |  | — |  |  | .2 |  |  | — |  |  | Net investment
Total |  |  |  | $ | 18.0 |  |  | $ | 10.9 |  |  | $ | 36.9 |  |  | $ | — |  |  |
Schedule of Components of Net Gains (Losses) Recognized in Income for Derivative Instruments | The following table shows the components of net gains (losses) recognized in income related to derivative instruments:
|  | Three Months Ended |  | Nine Months Ended
(In millions) |  | September 27, 2025 |  | September 28, 2024 |  | September 27, 2025 |  | September 28, 2024
Gain (loss) on derivatives designated as fair value hedges: |  |  |  |  |  |  |  |
Foreign currency forward contracts - Marketing, general and administrative expense |  | $ | (2.5) |  |  | $ | 1.9 |  |  | $ | 63.8 |  |  | $ | 1.9 |

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