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Derivative Financial Instruments (Tables) | 3 Months Ended
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Apr. 02, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Cash Flow Hedging Instruments | At April 2, 2023, March 27, 2022 and December 25, 2022, the notional amounts and fair values of the Company's foreign currency forward contracts designated as cash flow hedging instruments were as follows:
| April 2, 2023 |  | March 27, 2022 |  | December 25, 2022
Hedged transaction | Notional Amount |  | Fair Value |  | Notional Amount |  | Fair Value |  | Notional Amount |  | Fair Value
Inventory purchases | $ | 141.5 |  |  | (5.1) |  |  | $ | 196.9 |  |  | 7.8 |  |  | $ | 166.3 |  |  | (2.7) |
Sales | 74.5 |  |  | 0.4 |  |  | 104.3 |  |  | (2.4) |  |  | 99.2 |  |  | 1.2 |
Production financing and other | 123.7 |  |  | 0.8 |  |  | 188.0 |  |  | 2.5 |  |  | 116.8 |  |  | 1.5 |
Total | $ | 339.7 |  |  | (3.9) |  |  | $ | 489.2 |  |  | 7.9 |  |  | $ | 382.3 |  |  | — |
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location | The fair values of the Company's foreign currency forward contracts designated as cash flow hedges are recorded in the consolidated balance sheets at April 2, 2023, March 27, 2022 and December 25, 2022 as follows:
| April 2, 2023 |  | March 27, 2022 |  | December 25, 2022
Prepaid expenses and other current assets |  |  |  |  |
Unrealized gains | $ | 2.7 |  |  | $ | 12.7 |  |  | $ | 4.3 |
Unrealized losses | (1.8) |  |  | (2.8) |  |  | (1.8) |
Net unrealized gains | $ | 0.9 |  |  | $ | 9.9 |  |  | $ | 2.5 |
Other assets |  |  |  |  |
Unrealized gains | $ | — |  |  | $ | — |  |  | $ | 0.3 |
Unrealized losses | — |  |  | — |  |  | — |
Net unrealized gains | $ | — |  |  | $ | — |  |  | $ | 0.3 |
Accrued liabilities |  |  |  |  |
Unrealized gains | $ | 2.5 |  |  | $ | 0.9 |  |  | $ | 1.6 |
Unrealized losses | (7.3) |  |  | (2.7) |  |  | (4.4) |
Net unrealized losses | $ | (4.8) |  |  | $ | (1.8) |  |  | $ | (2.8) |
Other liabilities |  |  |  |  |
Unrealized gains | $ | — |  |  | $ | — |  |  | $ | — |
Unrealized losses | — |  |  | (0.2) |  |  | — |
Net unrealized losses | $ | — |  |  | $ | (0.2) |  |  | $ | — |
Schedule of Derivative Instruments, Gain (Loss) in Statement of Operations | Net gains (losses) on cash flow hedging activities have been reclassified from other comprehensive earnings (loss) to net earnings for the quarters ended April 2, 2023 and March 27, 2022 as follows:
| Quarter Ended |  |
| April 2, 2023 |  | March 27, 2022 |  |  |  |
Statements of Operations Classification |  |  |  |  |  |  |
Cost of sales | $ | 2.5 |  |  | $ | (0.4) |  |  |  |  |
Net revenues | 0.1 |  |  | (0.4) |  |  |  |  |
Other | (0.2) |  |  | (0.5) |  |  |  |  |
Net realized (losses) gains | $ | 2.4 |  |  | $ | (1.3) |  |  |  |  |
Schedule of Fair Values of Undesignated Derivative Financial Instruments | At April 2, 2023, March 27, 2022 and December 25, 2022, the fair values of the Company's undesignated derivative financial instruments were recorded in the consolidated balance sheets as follows:
| April 2, 2023 |  | March 27, 2022 |  | December 25, 2022
Prepaid expenses and other current assets |  |  |  |  |
Unrealized gains | $ | 6.5 |  |  | $ | — |  |  | $ | 10.9 |
Unrealized losses | (4.3) |  |  | — |  |  | (5.9) |
Net unrealized gains | $ | 2.2 |  |  | $ | — |  |  | $ | 5.0 |
Accrued liabilities |  |  |  |  |
Unrealized gains | $ | — |  |  | $ | 6.6 |  |  | $ | — |
Unrealized losses | (0.3) |  |  | (9.2) |  |  | — |
Net unrealized losses | $ | (0.3) |  |  | $ | (2.6) |  |  | $ | — |
Total unrealized gains (losses), net | $ | 1.9 |  |  | $ | (2.6) |  |  | $ | 5.0 |

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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959 + Details
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