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v3.25.3

Segment information (Details) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 28, 2025 USD ($) | Sep. 29, 2024 USD ($) | Sep. 28, 2025 USD ($) segment | Sep. 29, 2024 USD ($)
Revenues from External Customers and Long-Lived Assets [Line Items] |  |  |  |
Number of reportable segments | segment |  |  | 3 |
Net revenues | $ 913,021 | $ 764,375 | $ 2,394,579 | $ 2,251,915
Cost of goods sold | 461,379 | 334,203 | 1,122,413 | 989,151
Research and development expenses | 57,228 | 38,726 | 132,153 | 117,119
Selling, general and administrative expenses | 281,764 | 247,257 | 719,555 | 740,718
Pension settlement (benefit) charge | 0 | (5,407) | 0 | 132,732
Goodwill impairment charge | 100,000 |  | 108,117 | 2,110
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
Consolidated depreciation and amortization | 77,925 | 68,636 | 210,968 | 202,809
Operating segments |  |  |  |
Revenues from External Customers and Long-Lived Assets [Line Items] |  |  |  |
Net revenues | 913,021 | 764,375 | 2,394,579 | 2,251,915
Cost of goods sold | 418,712 | 308,548 | 1,028,992 | 927,106
Research and development expenses | 55,510 | 35,668 | 125,413 | 110,611
Selling, general and administrative expenses | 214,672 | 177,790 | 575,222 | 537,924
Segment operating profit | 224,127 | 242,369 | 664,952 | 676,274
(Loss) income from continuing operations before interest and taxes | (408,898) | 149,311 | (128,017) | 261,396
Unallocated expenses |  |  |  |
Revenues from External Customers and Long-Lived Assets [Line Items] |  |  |  |
Segment operating profit | 111,477 | 98,180 | 244,494 | 271,347
Goodwill impairment charge | 403,925 | 0 | 403,925 | 0
Americas |  |  |  |
Revenues from External Customers and Long-Lived Assets [Line Items] |  |  |  |
Net revenues | 555,900 | 515,888 | 1,557,261 | 1,525,503
Cost of goods sold | 233,349 | 205,548 | 635,856 | 614,864
Research and development expenses | 25,171 | 22,286 | 67,609 | 66,464
Selling, general and administrative expenses | 121,374 | 114,078 | 352,062 | 347,595
Consolidated depreciation and amortization | 47,399 | 47,700 | 139,795 | 143,393
Americas | Operating segments |  |  |  |
Revenues from External Customers and Long-Lived Assets [Line Items] |  |  |  |
Segment operating profit | 176,006 | 173,976 | 501,734 | 496,580
EMEA |  |  |  |
Revenues from External Customers and Long-Lived Assets [Line Items] |  |  |  |
Net revenues | 234,247 | 150,224 | 551,633 | 456,944
Cost of goods sold | 119,886 | 68,238 | 263,184 | 216,057
Research and development expenses | 25,402 | 8,693 | 43,536 | 30,329
Selling, general and administrative expenses | 61,379 | 38,623 | 143,227 | 116,449
Consolidated depreciation and amortization | 19,980 | 13,083 | 44,811 | 36,578
EMEA | Operating segments |  |  |  |
Revenues from External Customers and Long-Lived Assets [Line Items] |  |  |  |
Segment operating profit | 27,580 | 34,670 | 101,686 | 94,109
Asia |  |  |  |
Revenues from External Customers and Long-Lived Assets [Line Items] |  |  |  |
Net revenues | 122,874 | 98,263 | 285,685 | 269,468
Cost of goods sold | 65,477 | 34,762 | 129,952 | 96,185
Research and development expenses | 4,937 | 4,689 | 14,268 | 13,818
Selling, general and administrative expenses | 31,919 | 25,089 | 79,933 | 73,880
Consolidated depreciation and amortization | 5,853 | 3,181 | 12,298 | 8,805
Asia | Operating segments |  |  |  |
Revenues from External Customers and Long-Lived Assets [Line Items] |  |  |  |
Segment operating profit | 20,541 | 33,723 | 61,532 | 85,585
Corporate |  |  |  |
Revenues from External Customers and Long-Lived Assets [Line Items] |  |  |  |
Consolidated depreciation and amortization | $ 4,693 | $ 4,672 | $ 14,064 | $ 14,033

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