XML 47 R36.htm IDEA: XBRL DOCUMENT
v3.26.1

Hedging Transactions and Derivative Financial Instruments (Tables) | 3 Months Ended
--- | ---
Apr. 03, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivative instruments, gain (loss) | The following table summarizes the notional values and pretax impact of changes in the fair values of instruments designated as net investment hedges in OCI for the three months ended April 3, 2026 and March 28, 2025 ($ in millions):
| Notional Amount |  | Gain Recognized in OCI |  |  |  |
Three Months Ended April 3, 2026 |  |  |  |  |  |  |
Foreign currency denominated debt | $ | 518.4 |  |  | $ | 10.2 |  |  |  |  |
Foreign currency contract | 150.0 |  |  | 2.9 |  |  |  |  |
Total | $ | 668.4 |  |  | $ | 13.1 |  |  |  |  |
| Notional Amount |  | Loss Recognized in OCI |  |  |  |
Three Months Ended March 28, 2025 |  |  |  |  |  |  |
Foreign currency denominated debt | $ | 379.0 |  |  | $ | (16.6) |  |  |  |  |
Foreign currency contract | 150.0 |  |  | (4.7) |  |  |  |  |
Total | $ | 529.0 |  |  | $ | (21.3) |  |  |  |  |
Schedule of notional amounts of outstanding derivative positions | The following table summarizes the notional values and pretax impact of changes in the fair values of instruments designated as net investment hedges in OCI for the three months ended April 3, 2026 and March 28, 2025 ($ in millions):
| Notional Amount |  | Gain Recognized in OCI |  |  |  |
Three Months Ended April 3, 2026 |  |  |  |  |  |  |
Foreign currency denominated debt | $ | 518.4 |  |  | $ | 10.2 |  |  |  |  |
Foreign currency contract | 150.0 |  |  | 2.9 |  |  |  |  |
Total | $ | 668.4 |  |  | $ | 13.1 |  |  |  |  |
| Notional Amount |  | Loss Recognized in OCI |  |  |  |
Three Months Ended March 28, 2025 |  |  |  |  |  |  |
Foreign currency denominated debt | $ | 379.0 |  |  | $ | (16.6) |  |  |  |  |
Foreign currency contract | 150.0 |  |  | (4.7) |  |  |  |  |
Total | $ | 529.0 |  |  | $ | (21.3) |  |  |  |  |
Schedule of derivative instruments in statement of financial position, fair value | The Company’s derivative instruments, as well as its non-derivative debt instrument designated and qualifying as net investment hedges, were classified in the Company’s Condensed Consolidated Balance Sheets as follows ($ in millions):
| April 3, 2026 |  | December 31, 2025
Qualifying Net Investment Hedges: |  |  |
Derivative hedging instruments: |  |  |
Other long-term liabilities | $ | 7.4 |  |  | $ | 10.2 |
Non-derivative hedging instruments: |  |  |
Long-term debt | $ | 518.4 |  |  | $ | 528.6 |
Non - Designated Hedge Derivatives: |  |  |
Accrued expenses and other liabilities, net | $ | 4.0 |  |  | $ | — |

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

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4CC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 182 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480401/815-10-55-182 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration