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Derivative Financial Instruments (Tables) | 3 Months Ended
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Mar. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Cash Flow Hedging Instruments | The notional amounts and fair values of the Company's foreign currency forward contracts designated as cash flow hedging instruments were as follows:
| March 30, 2025 |  | March 31, 2024 |  | December 29, 2024
Hedged transaction | Notional Amount |  | Fair Value |  | Notional Amount |  | Fair Value |  | Notional Amount |  | Fair Value
Inventory purchases | $ | 194.8 |  |  | $ | 2.6 |  |  | $ | 151.2 |  |  | $ | 0.3 |  |  | $ | 131.5 |  |  | $ | 8.0 |
Sales | 144.4 |  |  | (1.2) |  |  | 75.3 |  |  | (0.2) |  |  | 86.0 |  |  | (1.4) |
Other | 29.1 |  |  | 0.6 |  |  | 30.7 |  |  | (1.1) |  |  | 22.8 |  |  | 0.9 |
Total | $ | 368.3 |  |  | $ | 2.0 |  |  | $ | 257.2 |  |  | $ | (1.0) |  |  | $ | 240.3 |  |  | $ | 7.5 |
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 as follows:
| March 30, 2025 |  | March 31, 2024 |  | December 29, 2024
Prepaid expenses and other current assets |  |  |  |  |
Unrealized gains | $ | 5.0 |  |  | $ | 2.4 |  |  | $ | 9.1 |
Unrealized losses | (1.3) |  |  | (0.8) |  |  | (1.1) |
Net unrealized gains | $ | 3.7 |  |  | $ | 1.6 |  |  | $ | 8.0 |
Other assets |  |  |  |  |
Unrealized gains | $ | — |  |  | $ | 0.1 |  |  | $ | — |
Net unrealized gains | $ | — |  |  | $ | 0.1 |  |  | $ | — |
Accrued liabilities |  |  |  |  |
Unrealized gains | $ | 0.8 |  |  | $ | 1.4 |  |  | $ | 0.5 |
Unrealized losses | (1.4) |  |  | (4.1) |  |  | (1.0) |
Net unrealized losses | $ | (0.6) |  |  | $ | (2.7) |  |  | $ | (0.5) |
Other liabilities |  |  |  |  |
Unrealized gains | $ | 0.2 |  |  | $ | — |  |  | $ | — |
Unrealized losses | (1.3) |  |  | — |  |  | — |
Net unrealized losses | $ | (1.1) |  |  | $ | — |  |  | $ | — |
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 as follows:
| Three Months Ended |  |
| March 30, 2025 |  | March 31, 2024 |  |  |  |
Statements of Operations Classification |  |  |  |  |  |  |
Cost of sales | $ | 1.1 |  |  | $ | 0.1 |  |  |  |  |
Net revenues | (0.3) |  |  | (0.1) |  |  |  |  |
Other | 0.1 |  |  | (0.1) |  |  |  |  |
Net realized gains (losses) | $ | 0.9 |  |  | $ | (0.1) |  |  |  |  |
Schedule of Fair Values of Undesignated Derivative Financial Instruments | The fair values of the Company's undesignated derivative financial instruments were recorded in the Consolidated Balance Sheets as follows:
| March 30, 2025 |  | March 31, 2024 |  | December 29, 2024
Prepaid expenses and other current assets |  |  |  |  |
Unrealized gains | $ | 1.7 |  |  | $ | 7.0 |  |  | $ | 1.9 |
Unrealized losses | (0.5) |  |  | (0.2) |  |  | (0.2) |
Net unrealized gains | $ | 1.2 |  |  | $ | 6.8 |  |  | $ | 1.7 |
Accrued liabilities |  |  |  |  |
Unrealized gains | $ | — |  |  | $ | — |  |  | $ | — |
Unrealized losses | (0.3) |  |  | (0.2) |  |  | (1.2) |
Net unrealized losses | $ | (0.3) |  |  | $ | (0.2) |  |  | $ | (1.2) |

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