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Segment information (Tables) | 9 Months Ended
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Sep. 28, 2025
Segment Reporting [Abstract] |
Segment Results | The following tables present our segment results for the three and nine months ended September 28, 2025 and September 29, 2024:
| Three Months Ended September 28, 2025
| Americas |  | EMEA |  | Asia |  | Segment Total
Net revenues | $ | 555,900 |  |  | $ | 234,247 |  |  | $ | 122,874 |  |  | $ | 913,021 |
Cost of goods sold | 233,349 |  |  | 119,886 |  |  | 65,477 |  |  | 418,712 |
Research and development expenses | 25,171 |  |  | 25,402 |  |  | 4,937 |  |  | 55,510 |
Selling, general and administrative expenses | 121,374 |  |  | 61,379 |  |  | 31,919 |  |  | 214,672 |
Segment operating profit (1) | $ | 176,006 |  |  | $ | 27,580 |  |  | $ | 20,541 |  |  | $ | 224,127 |
| Three Months Ended September 29, 2024
| Americas |  | EMEA |  | Asia |  | Segment Total
Net revenues | $ | 515,888 |  |  | $ | 150,224 |  |  | $ | 98,263 |  |  | $ | 764,375 |
Cost of goods sold | 205,548 |  |  | 68,238 |  |  | 34,762 |  |  | 308,548 |
Research and development expenses | 22,286 |  |  | 8,693 |  |  | 4,689 |  |  | 35,668 |
Selling, general and administrative expenses | 114,078 |  |  | 38,623 |  |  | 25,089 |  |  | 177,790 |
Segment operating profit (1) | $ | 173,976 |  |  | $ | 34,670 |  |  | $ | 33,723 |  |  | $ | 242,369 |
| Nine Months Ended September 28, 2025
| Americas |  | EMEA |  | Asia |  | Segment Total
Net revenues | $ | 1,557,261 |  |  | $ | 551,633 |  |  | $ | 285,685 |  |  | $ | 2,394,579 |
Cost of goods sold | 635,856 |  |  | 263,184 |  |  | 129,952 |  |  | 1,028,992 |
Research and development expenses | 67,609 |  |  | 43,536 |  |  | 14,268 |  |  | 125,413 |
Selling, general and administrative expenses | 352,062 |  |  | 143,227 |  |  | 79,933 |  |  | 575,222 |
Segment operating profit (1) | $ | 501,734 |  |  | $ | 101,686 |  |  | $ | 61,532 |  |  | $ | 664,952 |
| Nine Months Ended September 29, 2024
| Americas |  | EMEA |  | Asia |  | Segment Total
Net revenues | $ | 1,525,503 |  |  | $ | 456,944 |  |  | $ | 269,468 |  |  | $ | 2,251,915 |
Cost of goods sold | 614,864 |  |  | 216,057 |  |  | 96,185 |  |  | 927,106 |
Research and development expenses | 66,464 |  |  | 30,329 |  |  | 13,818 |  |  | 110,611 |
Selling, general and administrative expenses | 347,595 |  |  | 116,449 |  |  | 73,880 |  |  | 537,924 |
Segment operating profit (1) | $ | 496,580 |  |  | $ | 94,109 |  |  | $ | 85,585 |  |  | $ | 676,274 |
(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 |  | Nine Months Ended
| September 28, 2025 |  | September 29, 2024 |  | September 28, 2025 |  | September 29, 2024
Reconciliation of segment operating profit measure |  |  |
Segment operating profit | $ | 224,127 |  |  | $ | 242,369 |  |  | $ | 664,952 |  |  | $ | 676,274 |
Other unallocated expenses (1) | 111,477 |  |  | 98,180 |  |  | 244,494 |  |  | 271,347 |
Pension settlement (benefit) charge | — |  |  | (5,407) |  |  | — |  |  | 132,732 |
Goodwill impairment charge | 403,925 |  |  | — |  |  | 403,925 |  |  | — |
Restructuring charges, separation costs and other impairment charges | 117,623 |  |  | 285 |  |  | 144,550 |  |  | 10,799 |
(Loss) income from continuing operations before interest and taxes | $ | (408,898) |  |  | $ | 149,311 |  |  | $ | (128,017) |  |  | $ | 261,396 |
(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 |  | Nine Months Ended
Depreciation and amortization | September 28, 2025 |  | September 29, 2024 |  | September 28, 2025 |  | September 29, 2024
Americas | $ | 47,399 |  |  | $ | 47,700 |  |  | $ | 139,795 |  |  | $ | 143,393 |
EMEA | 19,980 |  |  | 13,083 |  |  | 44,811 |  |  | 36,578 |
Asia | 5,853 |  |  | 3,181 |  |  | 12,298 |  |  | 8,805 |
Corporate (1) | 4,693 |  |  | 4,672 |  |  | 14,064 |  |  | 14,033 |
Consolidated depreciation and amortization | $ | 77,925 |  |  | $ | 68,636 |  |  | $ | 210,968 |  |  | $ | 202,809 |
(1)Reflects depreciation and amortization included within other allocated expenses per reconciliation of segment operating profit measure.

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- 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 + Details
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