XML 55 R45.htm IDEA: XBRL DOCUMENT
v3.25.3

Fair Value Measurement (Tables) | 9 Months Ended
--- | ---
Sep. 27, 2025
Fair Value Disclosures [Abstract] |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis | The fair value hierarchy has three levels based on the reliability of the inputs used to determine the fair value.
|  | Fair Value Measurements at September 27, 2025 Using
|  | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs
(In thousands of dollars) | Total | (Level 1) | (Level 2) | (Level 3)
Assets |  |  |  |
Derivative assets | $ | 29,328 |  | $ | — |  | $ | 29,328 |  | $ | — |
Total Assets | $ | 29,328 |  | $ | — |  | $ | 29,328 |  | $ | — |
Liabilities |  |  |  |
Derivative liabilities | $ | 3,147 |  | $ | — |  | $ | 3,147 |  | $ | — |
Total Liabilities | $ | 3,147 |  | $ | — |  | $ | 3,147 |  | $ | — |
|  | Fair Value Measurements at December 28, 2024 Using
|  | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs
(In thousands of dollars) | Total | (Level 1) | (Level 2) | (Level 3)
Assets |  |  |  |
Derivative assets | $ | 30,693 |  | $ | — |  | $ | 30,693 |  | $ | — |
Total Assets | $ | 30,693 |  | $ | — |  | $ | 30,693 |  | $ | — |
Liabilities |  |  |  |
Derivative liabilities | $ | 41,920 |  | $ | — |  | $ | 41,920 |  | $ | — |
Contingent consideration | 28,862 |  | — |  | — |  | 28,862 |
Total Liabilities | $ | 70,782 |  | $ | — |  | $ | 41,920 |  | $ | 28,862 |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation | The changes in contingent consideration liability are due to the following:
(in thousands of dollars) | Contingent Consideration
Balance as of December 28, 2024 | $ | 28,862 |
Total included in earnings during period | 18,024 |
Exchange rate changes | 5,807 |
Payments | (52,693) |
Balance as of September 27, 2025 | $ | — |
Fair Value, by Balance Sheet Grouping | Fair value of financial instruments that are not carried at fair value are as follows:
|  | Fair Value Measurements at September 27, 2025 Using
|  | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs
(In thousands of dollars) | Total | (Level 1) | (Level 2) | (Level 3)
Liabilities |  |  |  |
6% Senior notes | $ | 1,009,300 |  | $ | — |  | $ | 1,009,300 |  | $ | — |
5.25% Senior notes | 498,550 |  | — |  | 498,550 |  | — |
4.5% Senior notes | 886,645 |  | — |  | 886,645 |  | — |
Term Loan A | 895,500 |  | — |  | 895,500 |  | — |
Revolver debt | 741,460 |  | — |  | 741,460 |  | — |
Total Liabilities | $ | 4,031,455 |  | $ | — |  | $ | 4,031,455 |  | $ | — |
|  | Fair Value Measurements at December 28, 2024 Using
|  | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs
(In thousands of dollars) | Total | (Level 1) | (Level 2) | (Level 3)
Liabilities |  |  |  |
6% Senior notes | $ | 982,500 |  | $ | — |  | $ | 982,500 |  | $ | — |
5.25% Senior notes | 490,000 |  | — |  | 490,000 |  | — |
3.625% Senior notes | 534,908 |  | — |  | 534,908 |  | — |
Term loan A-1 | 395,015 |  | — |  | 395,015 |  | — |
Term loan A-2 | 469,516 |  | — |  | 469,516 |  | — |
Term loan A-3 | 296,261 |  | — |  | 296,261 |  | — |
Term loan A-4 | 478,844 |  | — |  | 478,844 |  | — |
Revolver debt | 264,330 |  | — |  | 264,330 |  | — |
Total Liabilities | $ | 3,911,374 |  | $ | — |  | $ | 3,911,374 |  | $ | — |

X
- Definition Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name Accounting Standards Codification -Section 55 -Paragraph 10 -SubTopic 10 -Topic 825 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-10 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-13 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-12 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration