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Segment information (Tables)

6 Months Ended

Jun. 29, 2025

Segment Reporting [Abstract]

Segment Results

The following tables present our segment results for the three and six months ended June 29, 2025 and June 30, 2024:

			Three Months Ended June 29, 2025
			Americas						EMEA						Asia						Segment Total
Net revenues			$	525,637					$	166,227					$	89,025					$	780,889
Cost of goods sold			212,076						73,645						36,782						322,503
Research and development expenses			21,498						9,579						4,965						36,042
Selling, general and administrative expenses			124,120						42,170						25,229						191,519
Segment operating profit (1)			$	167,943					$	40,833					$	22,049					$	230,825

			Three Months Ended June 30, 2024
			Americas						EMEA						Asia						Segment Total
Net revenues			$	515,632					$	147,064					$	86,995					$	749,691
Cost of goods sold			208,579						73,205						31,308						313,092
Research and development expenses			23,200						10,627						4,668						38,495
Selling, general and administrative expenses			121,933						39,444						25,242						186,619
Segment operating profit (1)			$	161,920					$	23,788					$	25,777					$	211,485

			Six Months Ended June 29, 2025
			Americas						EMEA						Asia						Segment Total
Net revenues			$	1,001,361					$	317,386					$	162,811					$	1,481,558
Cost of goods sold			402,507						143,298						64,475						610,280
Research and development expenses			42,438						18,134						9,331						69,903
Selling, general and administrative expenses			230,688						81,848						48,014						360,550
Segment operating profit (1)			$	325,728					$	74,106					$	40,991					$	440,825

			Six Months Ended June 30, 2024
			Americas						EMEA						Asia						Segment Total
Net revenues			$	1,009,615					$	306,720					$	171,205					$	1,487,540
Cost of goods sold			409,317						147,819						61,423						618,559
Research and development expenses			44,178						21,636						9,129						74,943
Selling, general and administrative expenses			233,516						77,826						48,791						360,133
Segment operating profit (1)			$	322,604					$	59,439					$	51,862					$	433,905

(1)Segment operating profit represents income from continuing operations before interest, loss on extinguishment of debt and taxes adjusted to exclude unallocated corporate expenses, manufacturing variances other than fixed manufacturing cost absorption variances, restructuring and impairment charges. See reconciliation of segment operating profit measures for further details.

			Three Months Ended												Six Months Ended
			June 29, 2025						June 30, 2024						June 29, 2025						June 30, 2024
Reconciliation of segment operating profit measure
Segment operating profit			$	230,825					$	211,485					$	440,825					$	433,905
Other unallocated expenses (1)			53,342						86,752						133,017						173,167
Restructuring charges, separation costs and impairment charges			22,172						7,855						26,927						10,514
Pension settlement charge			—						—						—						138,139
Income (loss) from continuing operations before interest and taxes			$	155,311					$	116,878					$	280,881					$	112,085

(1) Other unallocated expenses include expenses within costs of goods sold, research and development and selling, general and administrative costs and primarily consist of manufacturing variances other than fixed manufacturing cost absorption variances and unallocated corporate function expenses.

			Three Months Ended												Six Months Ended
Depreciation and amortization			June 29, 2025						June 30, 2024						June 29, 2025						June 30, 2024
Americas			$	44,635					$	48,538					$	91,296					$	95,693
EMEA			12,654						11,975						24,831						23,495
Asia			3,737						2,942						7,545						5,624
Corporate (1)			4,686						4,674						9,371						9,361
Consolidated depreciation and amortization			$	65,712					$	68,129					$	133,043					$	134,173

(1)Reflects depreciation and amortization included within other allocated expenses per reconciliation of segment operating profit measure.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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