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Derivative Financial Instruments (Tables) | 6 Months Ended
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Jul. 02, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Cash Flow Hedging Instruments | At July 2, 2023, June 26, 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:
| July 2, 2023 |  | June 26, 2022 |  | December 25, 2022
Hedged transaction | Notional Amount |  | Fair Value |  | Notional Amount |  | Fair Value |  | Notional Amount |  | Fair Value
Inventory purchases | $ | 216.5 |  |  | (5.3) |  |  | $ | 165.4 |  |  | 12.4 |  |  | $ | 166.3 |  |  | (2.7) |
Sales | 118.6 |  |  | 0.3 |  |  | 139.5 |  |  | 2.1 |  |  | 99.2 |  |  | 1.2 |
Production financing and other | 143.5 |  |  | — |  |  | 159.8 |  |  | 3.5 |  |  | 116.8 |  |  | 1.5 |
Total | $ | 478.6 |  |  | (5.0) |  |  | $ | 464.7 |  |  | 18.0 |  |  | $ | 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 July 2, 2023, June 26, 2022 and December 25, 2022 as follows:
| July 2, 2023 |  | June 26, 2022 |  | December 25, 2022
Prepaid expenses and other current assets |  |  |  |  |
Unrealized gains | $ | 3.8 |  |  | $ | 20.4 |  |  | $ | 4.3 |
Unrealized losses | (3.0) |  |  | (2.2) |  |  | (1.8) |
Net unrealized gains | $ | 0.8 |  |  | $ | 18.2 |  |  | $ | 2.5 |
Other assets |  |  |  |  |
Unrealized gains | $ | 0.5 |  |  | $ | 0.5 |  |  | $ | 0.3 |
Unrealized losses | (0.1) |  |  | — |  |  | — |
Net unrealized gains | $ | 0.4 |  |  | $ | 0.5 |  |  | $ | 0.3 |
Accrued liabilities |  |  |  |  |
Unrealized gains | $ | 1.2 |  |  | $ | 0.3 |  |  | $ | 1.6 |
Unrealized losses | (7.0) |  |  | (1.0) |  |  | (4.4) |
Net unrealized losses | $ | (5.8) |  |  | $ | (0.7) |  |  | $ | (2.8) |
Other liabilities |  |  |  |  |
Unrealized losses | (0.4) |  |  | — |  |  | — |
Net unrealized losses | $ | (0.4) |  |  | $ | — |  |  | $ | — |
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 and six months ended July 2, 2023 and June 26, 2022 as follows:
| Quarter Ended |  | Six Months Ended
| July 2, 2023 |  | June 26, 2022 |  | July 2, 2023 |  | June 26, 2022
Statements of Operations Classification |  |  |  |  |  |  |
Cost of sales | $ | (1.2) |  |  | $ | 3.0 |  |  | $ | 1.3 |  |  | 2.6 |
Net revenues | 0.1 |  |  | 0.2 |  |  | 0.2 |  |  | (0.2) |
Other | (0.5) |  |  | (0.1) |  |  | (0.7) |  |  | (0.7) |
Net realized (losses) gains | $ | (1.6) |  |  | $ | 3.1 |  |  | $ | 0.8 |  |  | 1.7 |
Schedule of Fair Values of Undesignated Derivative Financial Instruments | At July 2, 2023, June 26, 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:
| July 2, 2023 |  | June 26, 2022 |  | December 25, 2022
Prepaid expenses and other current assets |  |  |  |  |
Unrealized gains | $ | 5.8 |  |  | $ | 6.7 |  |  | $ | 10.9 |
Unrealized losses | (2.7) |  |  | (5.6) |  |  | (5.9) |
Net unrealized gains | $ | 3.1 |  |  | $ | 1.1 |  |  | $ | 5.0 |
Accrued liabilities |  |  |  |  |
Unrealized losses | (0.2) |  |  | (0.1) |  |  | — |
Net unrealized losses | $ | (0.2) |  |  | $ | (0.1) |  |  | $ | — |
Total unrealized gains, net | $ | 2.9 |  |  | $ | 1.0 |  |  | $ | 5.0 |

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