XML 29 R18.htm IDEA: XBRL DOCUMENT
v3.25.3

Shareholders' Equity | 9 Months Ended
--- | ---
Sep. 27, 2025
Shareholders' Equity |
Shareholders' Equity | Note K – Shareholders’ Equity Accumulated Other Comprehensive Income (Loss) The following table presents the changes in Accumulated other comprehensive loss, excluding noncontrolling interests: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Quarter Ended | ​ | Nine Months Ended
​ | ​ | September 27, | ​ | September 28, | ​ | September 27, | ​ | September 28,
(thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Foreign Currency Translation Adjustment and Other: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Other comprehensive (loss) income before reclassifications (a) | ​ | $ | (32,101) | ​ | $ | 168,947 | ​ | $ | 360,249 | ​ | $ | 46,708
Amounts reclassified into income | ​ |  | 242 | ​ |  | 24 | ​ |  | 3,616 | ​ |  | (50)
Gain (loss) on Foreign Exchange Contracts Designated as Net Investment Hedges, Net: | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  |
Other comprehensive income (loss) before reclassifications (b) | ​ |  | 951 | ​ |  | (5,110) | ​ |  | (9,616) | ​ |  | 2,610
Amounts reclassified into income | ​ |  | (511) | ​ |  | (1,312) | ​ |  | (2,100) | ​ |  | (4,056)
Loss on Interest Rate Swaps Designated as Cash Flow Hedges, Net: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Other comprehensive loss before reclassifications (b) | ​ |  | — | ​ |  | (684) | ​ |  | — | ​ |  | (684)
Amounts reclassified into income | ​ |  | (430) | ​ |  | (342) | ​ |  | (1,273) | ​ |  | (39)
Post-retirement Expense Items, Net: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Amounts reclassified into income | ​ |  | (345) | ​ |  | (317) | ​ |  | (1,054) | ​ |  | (910)
Net change in Accumulated other comprehensive (loss) income | ​ | $ | (32,194) | ​ | $ | 161,206 | ​ | $ | 349,822 | ​ | $ | 43,579
(a) | Foreign currency translation adjustment includes intra-entity foreign currency transactions that are of a long-term investment nature of $1.1 million and $35.7 million for the third quarter and first nine months of 2025, and $12.2 million and $3.2 million for the third quarter and first nine months of 2024, respectively.
(b) | For additional information related to net investment hedges and interest rate swaps refer to Note H.
Common Stock Outstanding Activity The following tables set forth the activity in the number of shares outstanding: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Common |  | ​ |  | Common
​ | ​ | Stock | ​ | Treasury | ​ | Stock
(thousands) | ​ | Issued | ​ | Stock | ​ | Outstanding
Common stock outstanding at December 31, 2024 |  | 55,592 |  | 3,420 |  | 52,172
Shares issued for stock-based compensation awards |  | 195 |  | (28) |  | 223
Repurchases of common stock |  | — |  | 528 |  | (528)
Common stock outstanding at March 29, 2025 |  | 55,787 |  | 3,920 |  | 51,867
Shares issued for stock-based compensation awards |  | 28 |  | (23) |  | 51
Repurchases of common stock |  | — |  | 417 |  | (417)
Common stock outstanding at June 28, 2025 |  | 55,815 |  | 4,314 |  | 51,501
Shares issued for stock-based compensation awards |  | 12 |  | (3) |  | 15
Repurchases of common stock |  | — |  | 5 |  | (5)
Common stock outstanding at September 27, 2025 |  | 55,827 |  | 4,316 |  | 51,511
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Common |  | ​ |  | Common
​ | ​ | Stock | ​ | Treasury | ​ | Stock
(thousands) | ​ | Issued | ​ | Stock | ​ | Outstanding
Common stock outstanding at December 31, 2023 |  | 57,691 |  | 3,880 |  | 53,811
Shares issued for stock-based compensation awards |  | 264 |  | (57) |  | 321
Repurchases of common stock |  | — |  | 902 |  | (902)
Common stock outstanding at March 30, 2024 |  | 57,955 |  | 4,725 |  | 53,230
Shares issued for stock-based compensation awards |  | 91 |  | (9) |  | 100
Repurchases of common stock |  | — |  | 385 |  | (385)
Common stock outstanding at June 29, 2024 |  | 58,046 |  | 5,101 |  | 52,945
Shares issued for stock-based compensation awards |  | 13 |  | (11) |  | 24
Repurchases of common stock |  | — |  | 382 |  | (382)
Common stock outstanding at September 28, 2024 |  | 58,059 |  | 5,472 |  | 52,587
​ ​ Share Repurchase Program The following table shows the company’s share repurchase program as of September 27, 2025: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | Approximate
​ | ​ | ​ | ​ | ​ | ​ | Dollar Value of
​ | ​ | Dollar Value | ​ | Dollar Value of | ​ | Shares that May
​ | ​ | Approved for | ​ | Shares | ​ | Yet be Purchased
Share Repurchase Details by Month of Board Approval (thousands) | ​ | Repurchase | ​ | Repurchased | ​ | Under the Program
January 2023 | ​ | $ | 1,000,000 | ​ | $ | 776,640 | ​ | $ | 223,360
​ The company made no repurchases of its common stock under the company’s share repurchase program during the third quarter of 2025. The company repurchased 0.9 million shares of its common stock for $99.9 million during the first nine months of 2025, under the company’s share repurchase program, excluding excise taxes. During the first nine months of 2025, the company accrued $0.8 million of excise tax, which is recorded within “Treasury stock” on the company’s consolidated balance sheets and reduces the share repurchase authorization, as the excise tax is a part of the overall cost of acquiring treasury shares. The company’s share repurchase program does not have an expiration date.

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for equity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478448/946-505-50-6 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480237/815-40-50-6 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505/tableOfContent Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-16 Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration