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Segment information (Tables)

9 Months Ended

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.

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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