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Equity (Tables) | 6 Months Ended
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Jul. 03, 2026
Equity [Abstract] |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions | The weighted-average assumptions used in the Monte Carlo simulation were as follows:
Expected annualized volatility(1) | 32.0 | %
Risk-free interest rate(2) | 4.4 | %
Expected dividend yield | 0.6 | %
Contractual term | 7.0 years
(1) Expected volatility based on the average historical stock price volatility of a group of peer companies over a seven-year period consistent with the contractual term of the award. (2) Risk-free rate based on the U.S. Treasury yield curve at the applicable grant date for a seven-year period consistent with the contractual term of the award.
Schedule of Accumulated Other Comprehensive Loss | The following tables present the changes in the balances of each component of AOCL including reclassifications out of AOCL for the six months ended July 3, 2026 and July 4, 2025. All amounts are net of tax and noncontrolling interest, if any.
| Accumulated Other Comprehensive Loss Components
| Net Unrecognized Pension and Other Post-Retirement Benefit Cost |  | Foreign Currency Translation Adjustment |  | Net Investment Hedges |  |  |  | Total
| (In thousands)
Balance at December 31, 2025 | $ | (51,677) |  |  | $ | (450,325) |  |  | $ | (37,714) |  |  |  |  | $ | (539,716) |
Other comprehensive income (loss) before reclassifications: |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment | 110 |  |  | (29,642) |  |  | 6,729 |  |  |  |  | (22,803) |
Gain on long-term intra-entity foreign currency transactions | — |  |  | 5,137 |  |  | — |  |  |  |  | 5,137 |
Other comprehensive income (loss) before reclassifications | 110 |  |  | (24,505) |  |  | 6,729 |  |  |  |  | (17,666) |
Amounts reclassified from Accumulated other comprehensive loss(1) | 369 |  |  | — |  |  | — |  |  |  |  | 369 |
Net current period Other comprehensive income (loss) | 479 |  |  | (24,505) |  |  | 6,729 |  |  |  |  | (17,297) |
Balance at April 3, 2026 | $ | (51,198) |  |  | $ | (474,830) |  |  | $ | (30,985) |  |  |  |  | $ | (557,013) |
Other comprehensive income before reclassifications: |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment | 47 |  |  | 3,816 |  |  | 2,902 |  |  |  |  | 6,765 |
Gain on long-term intra-entity foreign currency transactions | — |  |  | 1,994 |  |  | — |  |  |  |  | 1,994 |
Other comprehensive income before reclassifications | 47 |  |  | 5,810 |  |  | 2,902 |  |  |  |  | 8,759 |
Amounts reclassified from Accumulated other comprehensive loss(1) | 82 |  |  | — |  |  | — |  |  |  |  | 82 |
Net current period Other comprehensive income | 129 |  |  | 5,810 |  |  | 2,902 |  |  |  |  | 8,841 |
Balance at July 3, 2026 | $ | (51,069) |  |  | $ | (469,020) |  |  | $ | (28,083) |  |  |  |  | $ | (548,172) |
(1) The amounts on this line within the Net Unrecognized Pension and Other Post-Retirement Benefit Cost column are included in the computation of net periodic benefit cost.
| Accumulated Other Comprehensive Loss Components
| Net Unrecognized Pension and Other Post-Retirement Benefit Cost |  | Foreign Currency Translation Adjustment |  | Net Investment Hedges |  | Cash Flow Hedges |  | Total
| (In thousands)
Balance at December 31, 2024 | $ | (50,352) |  |  | $ | (679,791) |  |  | $ | (1,247) |  |  | $ | 1,816 |  |  | $ | (729,574) |
Other comprehensive (loss) income before reclassifications: |  |  |  |  |  |  |  |  |
Net actuarial loss | 48 |  |  | — |  |  | — |  |  | — |  |  | 48 |
Foreign currency translation adjustment | (421) |  |  | 94,613 |  |  | (15,371) |  |  | — |  |  | 78,821 |
Gain on long-term intra-entity foreign currency transactions | — |  |  | 391 |  |  | — |  |  | — |  |  | 391 |
Unrealized gain on cash flow hedges | — |  |  | — |  |  | — |  |  | 16 |  |  | 16 |
Other comprehensive (loss) income before reclassifications | (373) |  |  | 95,004 |  |  | (15,371) |  |  | 16 |  |  | 79,276 |
Amounts reclassified from Accumulated other comprehensive loss(1)(2) | 273 |  |  | — |  |  | — |  |  | (1,832) |  |  | (1,559) |
Net current period Other comprehensive (loss) income | (100) |  |  | 95,004 |  |  | (15,371) |  |  | (1,816) |  |  | 77,717 |
Balance at April 4, 2025 | $ | (50,452) |  |  | $ | (584,787) |  |  | $ | (16,618) |  |  | $ | — |  |  | $ | (651,857) |
Other comprehensive (loss) income before reclassifications: |  |  |  |  |  |  |  |  |
Foreign currency translation adjustment | (431) |  |  | 117,446 |  |  | (25,027) |  |  | — |  |  | 91,988 |
Gain on long-term intra-entity foreign currency transactions | — |  |  | 9,968 |  |  | — |  |  | — |  |  | 9,968 |
Other comprehensive (loss) income before reclassifications | (431) |  |  | 127,414 |  |  | (25,027) |  |  | — |  |  | 101,956 |
Amounts reclassified from Accumulated other comprehensive loss(1) | 202 |  |  | — |  |  | — |  |  | — |  |  | 202 |
Net current period Other comprehensive (loss) income | (229) |  |  | 127,414 |  |  | (25,027) |  |  | — |  |  | 102,158 |
Balance at July 4, 2025 | $ | (50,681) |  |  | $ | (457,373) |  |  | $ | (41,645) |  |  | $ | — |  |  | $ | (549,699) |
(1) The amounts on this line within the Net Unrecognized Pension and Other Post-Retirement Benefit Cost column are included in the computation of net periodic benefit cost. (2) The amount within the Cash Flow Hedges column is a component of Interest expense and other, net. See Note 10, “Derivatives” for additional details.

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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