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Financial Instruments and Risk Management (Tables)

9 Months Ended

Sep. 28, 2024

Investments, All Other Investments [Abstract]

Schedule of Derivative Instruments [Table Text Block]

The notional amounts of the Company’s derivative instruments are as follows:

(Dollars in millions)			September 28, 2024						December 30, 2023						September 30, 2023
Foreign exchange hedge contracts			$	258.6					$	269.0					$	267.8
Interest rate swap			38.0						75.3						109.6

Schedule of Derivative Assets at Fair Value [Table Text Block]

The recorded fair values of the Company’s derivative instruments are as follows:

(In millions)			September 28, 2024						December 30, 2023						September 30, 2023
Financial assets:
Foreign exchange hedge contracts			$	0.2					$	—					$	4.3
Interest rate swap			0.5						1.8						3.0
Financial liabilities:
Foreign exchange hedge contracts			$	(6.1)					$	(5.1)					$	(0.3)

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Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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