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Business Segment Information (Tables)

6 Months Ended

Jun. 29, 2024

Segment Reporting [Abstract]

Net Sales

			Quarters Ended												Six Months Ended
			June 29, 2024						July 1, 2023						June 29, 2024						July 1, 2023
Net sales:
U.S.			$	740,154					$	751,049					$	1,284,045					$	1,350,933
International			254,539						264,406						488,088						520,745
Other			700						19,549						1,473						47,356
Total net sales			$	995,393					$	1,035,004					$	1,773,606					$	1,919,034

Segment Operating Profit

			Quarters Ended												Six Months Ended
			June 29, 2024						July 1, 2023						June 29, 2024						July 1, 2023
Segment operating profit:
U.S.			$	158,214					$	125,154					$	256,477					$	191,761
International			30,542						21,701						51,040						44,245
Other			(130)						(1,721)						551						(212)
Total segment operating profit			188,626						145,134						308,068						235,794
Items not included in segment operating profit:
General corporate expenses			(58,222)						(53,611)						(118,917)						(111,329)
Restructuring and other action-related charges			(189,255)						(16,695)						(204,224)						(19,704)
Amortization of intangibles			(4,278)						(4,895)						(8,948)						(9,284)
Total operating profit (loss)			(63,129)						69,933						(24,021)						95,477
Other expenses			(10,785)						(7,239)						(20,014)						(21,977)
Interest expense, net			(50,299)						(58,718)						(100,905)						(103,938)
Income (loss) from continuing operations before income taxes			$	(124,213)					$	3,976					$	(144,940)					$	(30,438)

Restructuring and other action-related charges

The Company incurred restructuring and other action-related charges that were reported in the following lines in the Condensed Consolidated Statements of Operations:

			Quarters Ended												Six Months Ended
			June 29, 2024						July 1, 2023						June 29, 2024						July 1, 2023
Cost of sales			$	88,621					$	236					$	88,824					$	1,752
Selling, general and administrative expenses			100,634						16,459						115,400						17,952
Total included in operating profit (loss)			189,255						16,695						204,224						19,704
Other expenses			—						—						—						8,350
Interest expense, net			—						—						—						(1,254)
Total included in income (loss) from continuing operations before income taxes			189,255						16,695						204,224						26,800
Income tax expense			—						—						—						—
Total restructuring and other action-related charges included in loss from continuing operations			$	189,255					$	16,695					$	204,224					$	26,800

The components of restructuring and other action-related charges were as follows:

			Quarters Ended												Six Months Ended
			June 29, 2024						July 1, 2023						June 29, 2024						July 1, 2023
Restructuring and other action-related charges:
Supply chain restructuring and consolidation			$	156,807					$	236					$	158,914					$	1,752
Corporate asset impairment charges			20,107						—						20,107						—
Headcount actions and related severance			6,911						2,760						19,098						1,889
Professional services			3,544						3,608						4,034						3,648
Technology			218						2,881						399						7,102
Loss on classification of assets held for sale			—						7,338						—						5,199
Other			1,668						(128)						1,672						114
Total included in operating profit (loss)			189,255						16,695						204,224						19,704
Loss on extinguishment of debt included in other expenses			—						—						—						8,466
Gain on final settlement of cross currency swap contracts included in other expenses			—						—						—						(116)
Gain on final settlement of cross currency swap contracts included in interest expense, net			—						—						—						(1,254)
Total included in income (loss) from continuing operations before income taxes			189,255						16,695						204,224						26,800
Tax effect on actions			—						—						—						—
Total restructuring and other action-related charges included in loss from continuing operations			$	189,255					$	16,695					$	204,224					$	26,800

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