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Financial Instruments (Tables)

9 Months Ended

Sep. 27, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Values of Derivative Instruments

The fair values of derivative instruments on the consolidated balance sheets as of September 27, 2025 and December 28, 2024 were as follows:

				Fair Value
(In millions)		Location		September 27, 2025				December 28, 2024
Assets:
Foreign exchange contracts		Other current assets		$	0.9			$	3.8
Commodity contracts		Other current assets			0.1				-
Net investment hedges		Other current assets			0.7				2.0
Net investment hedges		Other assets			-				2.8
		Total assets		$	1.7			$	8.6
Liabilities:
Foreign exchange contracts		Other current liabilities		$	0.6			$	2.7
Commodity contracts		Other current liabilities			0.1				-
		Total liabilities		$	0.7			$	2.7

Effects of Derivative Financial Instruments on Statements of Comprehensive Income

The effects of derivative financial instruments on the statements of comprehensive income for the thirty-nine weeks ended September 27, 2025 and September 28, 2024 were as follows:

(In millions)		Classification and Amount of Gain (Loss)    Recognized in Income on Hedging Relationships
		Thirty-Nine Weeks Ended September 27, 2025
		Cost of products sold				Interest expense				Other income, net
Total amounts per Consolidated Statements of Comprehensive Income		$	1,868.5			$	88.4			$	5.8
Gain (loss) on fair value hedging relationships
Foreign exchange contracts:
Hedged items			-				-				0.5
Derivative designated as hedging instruments			-				-				(3.0	)
Gain on net investment hedging relationships											2.2
Gain (loss) on cash flow hedging relationships
Foreign exchange contracts:
Amount of gain or (loss) reclassified from accumulated other comprehensive (loss) income into income			0.8				-				-
Commodity contracts:
Amount of gain or (loss) reclassified from accumulated other comprehensive (loss) income into income			-				-				-
Interest rate contracts:
Amount of gain or (loss) reclassified from accumulated other comprehensive (loss) income into income			-				9.4				-
(In millions)		Classification and Amount of Gain (Loss)    Recognized in Income on Hedging Relationships
		Thirty-Nine Weeks Ended September 28, 2024
		Cost of products sold				Interest expense				Other income, net
Total amounts per Consolidated Statements of Comprehensive Income		$	1,946.4			$	92.6			$	5.2
Gain (loss) on fair value hedging relationships
Foreign exchange contracts:
Hedged items			-				-				5.0
Derivative designated as hedging instruments			-				-				(6.1	)
Gain on net investment hedging relationships											1.0
Gain (loss) on cash flow hedging relationships
Foreign exchange contracts:
Amount of gain or (loss) reclassified from accumulated other comprehensive (loss) income into income			0.4				-				-
Commodity contracts:
Amount of gain or (loss) reclassified from accumulated other comprehensive (loss) income into income			-				-				-
Interest rate contracts:
Amount of gain or (loss) reclassified from accumulated other comprehensive (loss) income into income			-				9.4				-

The effects of derivative financial instruments on the statements of comprehensive income for the thirteen weeks ended September 27, 2025 and September 28, 2024 were as follows:

(In millions)		Classification and Amount of Gain (Loss)    Recognized in Income on Hedging Relationships
		Thirteen Weeks Ended September 27, 2025
		Cost of products sold				Interest expense				Other expense, net
Total amounts per Consolidated Statements of Comprehensive Income		$	629.8			$	28.6			$	2.6
Gain (loss) on fair value hedging relationships
Foreign exchange contracts:
Hedged items			-				-				(3.9	)
Derivative designated as hedging instruments			-				-				(0.5	)
Gain on net investment hedging relationships											0.5
Gain (loss) on cash flow hedging relationships
Foreign exchange contracts:
Amount of gain or (loss) reclassified from accumulated other comprehensive (loss) income into income			0.8				-				-
Commodity contracts:
Amount of gain or (loss) reclassified from accumulated other comprehensive (loss) income into income			-				-				-
Interest rate contracts:
Amount of gain or (loss) reclassified from accumulated other comprehensive (loss) income into income			-				3.1				-
(In millions)		Classification and Amount of Gain (Loss)    Recognized in Income on Hedging Relationships
		Thirteen Weeks Ended September 28, 2024
		Cost of products sold				Interest expense				Other income, net
Total amounts per Consolidated Statements of Comprehensive Income		$	625.5			$	30.2			$	1.6
Gain (loss) on fair value hedging relationships
Foreign exchange contracts:
Hedged items			-				-				3.1
Derivative designated as hedging instruments			-				-				(3.3	)
Gain on net investment hedging relationships											0.7
Gain (loss) on cash flow hedging relationships
Foreign exchange contracts:
Amount of gain or (loss) reclassified from accumulated other comprehensive (loss) income into income			-				-				-
Commodity contracts:
Amount of gain or (loss) reclassified from accumulated other comprehensive (loss) income into income			-				-				-
Interest rate contracts:
Amount of gain or (loss) reclassified from accumulated other comprehensive (loss) income into income			-				3.1				-

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Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 4C
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-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C

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-Paragraph 4A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 182
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480401/815-10-55-182

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
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-Paragraph 4E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E

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