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Balance Sheet Information (Tables)

9 Months Ended

Sep. 27, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental Information on Balance Sheets

Supplemental information on our balance sheets is as follows:


(In millions)		September 27, 2025				December 28, 2024
Inventories:
Raw materials and supplies		$	329.7			$	329.2
Work in process			58.7				56.8
Finished products			652.7				574.3
Total inventories		$	1,041.1			$	960.3

Property, plant and equipment, gross		$	1,752.6			$	2,016.7
Less: accumulated depreciation			937.1				1,017.5
Property, plant and equipment, net		$	815.5			$	999.2

During the thirteen weeks ended September 27, 2025, we determined one of our assets, with a carrying value of $153.6 million as of December 28, 2024, met the criteria to be classified as held-for-sale and ceased recording depreciation. Management's decision to dispose of the asset was made as a result of the Company refocusing the business on areas with better growth and profitability potential, while utilizing additional capacity at existing manufacturing facilities. We concluded the carrying value of the asset exceeded its fair value, less estimated costs to sell, and recorded an impairment charge of $49.7 million on the consolidated statements of income within the Outdoors segment. The estimated fair value was determined using a combination of market and income approaches, which were based on valuation assumptions including certain Level 3 inputs. These assumptions included estimated sublease rental income, discount rates, market sales data and other market participant assumptions. The asset was reclassified from Property, plant and equipment, net to Assets held for sale in the Company's condensed consolidated balance sheets as of September 27, 2025.