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Derivative Financial Instruments (Tables) | 9 Months Ended
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Sep. 29, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Cash Flow Hedging Instruments | At September 29, 2024, October 1, 2023 and December 31, 2023, the notional amounts and fair values of the Company's foreign currency forward contracts designated as cash flow hedging instruments were as follows:
| September 29, 2024 |  | October 1, 2023 |  | December 31, 2023
Hedged transaction | Notional Amount |  | Fair Value |  | Notional Amount |  | Fair Value |  | Notional Amount |  | Fair Value
Inventory purchases | $ | 164.7 |  |  | $ | 1.3 |  |  | $ | 194.4 |  |  | $ | 3.4 |  |  | $ | 129.9 |  |  | $ | (1.7) |
Sales | 104.6 |  |  | (3.2) |  |  | 113.4 |  |  | 0.8 |  |  | 89.7 |  |  | (0.2) |
Royalties and Other | 26.4 |  |  | 1.5 |  |  | 70.5 |  |  | (0.9) |  |  | 31.7 |  |  | (0.5) |
Total | $ | 295.7 |  |  | $ | (0.4) |  |  | $ | 378.3 |  |  | $ | 3.3 |  |  | $ | 251.3 |  |  | $ | (2.4) |
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 September 29, 2024, October 1, 2023 and December 31, 2023 as follows:
| September 29, 2024 |  | October 1, 2023 |  | December 31, 2023
Prepaid expenses and other current assets |  |  |  |  |
Unrealized gains | $ | 3.1 |  |  | $ | 5.9 |  |  | $ | 0.5 |
Unrealized losses | (0.2) |  |  | (2.0) |  |  | (0.1) |
Net unrealized gains | $ | 2.9 |  |  | $ | 3.9 |  |  | $ | 0.4 |
Other assets |  |  |  |  |
Unrealized gains | $ | 0.5 |  |  | $ | 1.5 |  |  | $ | — |
Unrealized losses | — |  |  | (0.1) |  |  | — |
Net unrealized gains | $ | 0.5 |  |  | $ | 1.4 |  |  | $ | — |
Accrued liabilities |  |  |  |  |
Unrealized gains | $ | 1.0 |  |  | $ | 0.4 |  |  | $ | 0.7 |
Unrealized losses | (4.0) |  |  | (2.4) |  |  | (3.5) |
Net unrealized losses | $ | (3.0) |  |  | $ | (2.0) |  |  | $ | (2.8) |
Other liabilities |  |  |  |  |
Unrealized gains | $ | 0.1 |  |  | $ | — |  |  | $ | — |
Unrealized losses | (1.0) |  |  | — |  |  | — |
Net unrealized losses | $ | (0.9) |  |  | $ | — |  |  | $ | — |
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 three and nine months ended September 29, 2024 and October 1, 2023 as follows:
| Three Months Ended |  | Nine Months Ended
| September 29, 2024 |  | October 1, 2023 |  | September 29, 2024 |  | October 1, 2023
Statements of Operations Classification |  |  |  |  |  |  |
Cost of sales | $ | (0.6) |  |  | $ | 1.8 |  |  | $ | (0.7) |  |  | $ | 0.5 |
Net revenues | 0.8 |  |  | (0.1) |  |  | 1.4 |  |  | (0.2) |
Other | (0.3) |  |  | 1.2 |  |  | — |  |  | 1.7 |
Net realized (losses) gains | $ | (0.1) |  |  | $ | 2.9 |  |  | $ | 0.7 |  |  | $ | 2.0 |
Schedule of Fair Values of Undesignated Derivative Financial Instruments | At September 29, 2024, October 1, 2023 and December 31, 2023, the fair values of the Company's undesignated derivative financial instruments were recorded in the Consolidated Balance Sheets as follows:
| September 29, 2024 |  | October 1, 2023 |  | December 31, 2023
Prepaid expenses and other current assets |  |  |  |  |
Unrealized gains | $ | — |  |  | $ | 10.7 |  |  | $ | 0.3 |
Unrealized losses | — |  |  | (7.7) |  |  | — |
Net unrealized gains | $ | — |  |  | $ | 3.0 |  |  | $ | 0.3 |
Accrued liabilities |  |  |  |  |
Unrealized gains | $ | 0.2 |  |  | $ | — |  |  | $ | 1.4 |
Unrealized losses | (2.2) |  |  | (0.1) |  |  | (2.5) |
Net unrealized losses | $ | (2.0) |  |  | $ | (0.1) |  |  | $ | (1.1) |

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