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Financial instruments (Tables)
9 Months Ended
Sep. 28, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Foreign Exchange Gains and Losses Recognized Within AOCI and the Interest Benefit Recognized Within Interest Expense The following table summarizes the foreign exchange gains and losses recognized within AOCI and the interest benefit recognized within interest expense related to cross currency swaps for the three and nine months ended September 28, 2025 and September 29, 2024:
Three Months EndedNine Months Ended
September 28, 2025September 29, 2024September 28, 2025September 29, 2024
Foreign exchange (loss) gain
$(6,271)$(24,846)$(89,834)$(10,656)
Interest benefit5,770 4,031 13,254 12,031 
Fair Values of Derivative Instruments Designated as Hedging Instruments
The following table presents the locations in the condensed consolidated balance sheet and fair value of derivative financial instruments as of September 28, 2025 and December 31, 2024:
September 28, 2025December 31, 2024
Fair Value
Asset derivatives:
Designated foreign currency forward contracts$4,526 $5,780 
Non-designated foreign currency forward contracts336 254 
Cross-currency interest rate swaps23,198 15,972 
Prepaid expenses and other current assets28,060 22,006 
Cross-currency interest rate swaps946 5,409 
Other assets946 5,409 
Total asset derivatives$29,006 $27,415 
Liability derivatives:  
Designated foreign currency forward contracts$4,549 $3,078 
Non-designated foreign currency forward contracts580 931 
Cross-currency interest rate swaps53,393 9,575 
Other current liabilities58,522 13,584 
Cross-currency interest rate swaps69,791 — 
Other liabilities69,791 — 
Total liability derivatives$128,313 $13,584