XML 27 R15.htm IDEA: XBRL DOCUMENT v3.25.3
Goodwill and Identifiable Intangible Assets
 9 Months Ended
Sep. 28, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Identifiable Intangible Assets Goodwill and Identifiable Intangible Assets
We had goodwill of $1,126.9 million and $1,125.8 million as of September 28, 2025 and December 29, 2024, respectively. The change in the net carrying amount of goodwill was as follows:
(U.S. Dollars presented in millions)
Total
Goodwill
Balance at December 29, 2024
$1,125.8 
2025 translation adjustments1.1 
Balance at September 28, 2025
$1,126.9 
The gross carrying value and accumulated amortization by class of intangible assets as of September 28, 2025 and December 29, 2024 were as follows:
September 28, 2025December 29, 2024
(U.S. Dollars presented in millions)Gross
Carrying
Amounts		Accumulated
Amortization		Net
Book
Value		Gross
Carrying
Amounts		Accumulated
Amortization		Net
Book
Value
Indefinite-lived tradenames$267.3 $— $267.3 $266.1 $— $266.1 
Amortizable intangible assets
Tradenames 10.1 (10.1)— 10.0 (10.0)— 
Customer and contractual relationships536.2 (250.2)286.0 535.4 (230.2)305.2 
Patents/proprietary technology11.0 (11.0)— 11.0 (11.0)— 
Total557.3 (271.3)286.0 556.4 (251.2)305.2 
Total identifiable intangibles$824.6 $(271.3)$553.3 $822.5 $(251.2)$571.3 

There were no impairments of goodwill or indefinite-lived assets for the thirteen and thirty-nine weeks ended September 28, 2025. The Company tests goodwill and indefinite-lived intangibles for impairment annually in the fourth quarter or more frequently if events or changes in circumstances indicate the asset might be impaired. There were no triggering events requiring an impairment assessment be conducted in the thirteen and thirty-nine weeks ended September 28, 2025. However, it is possible that future changes in circumstances would require the Company to record non-cash impairment charges.