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Derivative Financial Instruments (Tables) | 9 Months Ended
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Oct. 01, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Cash Flow Hedging Instruments | At October 1, 2023, September 25, 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:
| October 1, 2023 (1) |  | September 25, 2022 |  | December 25, 2022
Hedged transaction | Notional Amount |  | Fair Value |  | Notional Amount |  | Fair Value |  | Notional Amount |  | Fair Value
Inventory purchases | $ | 194.4 |  |  | 3.4 |  |  | $ | 144.7 |  |  | 12.6 |  |  | $ | 166.3 |  |  | (2.7) |
Sales | 113.4 |  |  | 0.8 |  |  | 101.9 |  |  | 5.2 |  |  | 99.2 |  |  | 1.2 |
Production financing and other | 70.5 |  |  | (0.9) |  |  | 106.7 |  |  | 7.2 |  |  | 116.8 |  |  | 1.5 |
Total | $ | 378.3 |  |  | 3.3 |  |  | $ | 353.3 |  |  | 25.0 |  |  | $ | 382.3 |  |  | — |
(1) Includes certain cash flow hedges attributable to the non-core eOne Film and TV business, which were reclassified to Assets held for sale and Liabilities held for sale at October 1, 2023. See note 15 for additional information.
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 October 1, 2023, September 25, 2022 and December 25, 2022 as follows:
| October 1, 2023 (1) |  | September 25, 2022 |  | December 25, 2022
Prepaid expenses and other current assets |  |  |  |  |
Unrealized gains | $ | 5.9 |  |  | $ | 24.5 |  |  | $ | 4.3 |
Unrealized losses | (2.0) |  |  | (1.2) |  |  | (1.8) |
Net unrealized gains | $ | 3.9 |  |  | $ | 23.3 |  |  | $ | 2.5 |
Other assets |  |  |  |  |
Unrealized gains | $ | 1.5 |  |  | $ | 1.9 |  |  | $ | 0.3 |
Unrealized losses | (0.1) |  |  | (0.1) |  |  | — |
Net unrealized gains | $ | 1.4 |  |  | $ | 1.8 |  |  | $ | 0.3 |
Accrued liabilities |  |  |  |  |
Unrealized gains | $ | 0.4 |  |  | $ | 0.9 |  |  | $ | 1.6 |
Unrealized losses | (2.4) |  |  | (1.0) |  |  | (4.4) |
Net unrealized losses | $ | (2.0) |  |  | $ | (0.1) |  |  | $ | (2.8) |
(1) Includes certain balances attributable to the non-core eOne Film and TV business which were reclassified to Assets held for sale and Liabilities held for sale at October 1, 2023. See note 15 for additional information.
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 nine months ended October 1, 2023 and September 25, 2022 as follows:
| Quarter Ended |  | Nine Months Ended
| October 1, 2023 |  | September 25, 2022 |  | October 1, 2023 |  | September 25, 2022
Statements of Operations Classification |  |  |  |  |  |  |
Cost of sales | $ | (1.8) |  |  | $ | 5.9 |  |  | $ | (0.5) |  |  | 8.5 |
Net revenues | 0.1 |  |  | 1.0 |  |  | 0.2 |  |  | 0.8 |
Other | (1.2) |  |  | (0.2) |  |  | (1.7) |  |  | (0.9) |
Net realized (losses) gains | $ | (2.9) |  |  | $ | 6.7 |  |  | $ | (2.0) |  |  | 8.4 |
Schedule of Fair Values of Undesignated Derivative Financial Instruments | At October 1, 2023, September 25, 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:
| October 1, 2023 |  | September 25, 2022 |  | December 25, 2022
Prepaid expenses and other current assets |  |  |  |  |
Unrealized gains | $ | 10.7 |  |  | $ | 19.6 |  |  | $ | 10.9 |
Unrealized losses | (7.7) |  |  | (6.0) |  |  | (5.9) |
Net unrealized gains | $ | 3.0 |  |  | $ | 13.6 |  |  | $ | 5.0 |
Accrued liabilities |  |  |  |  |
Unrealized losses | (0.1) |  |  | (0.2) |  |  | — |
Net unrealized losses | $ | (0.1) |  |  | $ | (0.2) |  |  | $ | — |
Total unrealized gains, net | $ | 2.9 |  |  | $ | 13.4 |  |  | $ | 5.0 |

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