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Derivative Financial Instruments (Tables) | 9 Months Ended
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Sep. 29, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Outstanding forward contracts | We had the following outstanding foreign currency forward contracts as of September 29, 2023 (in millions):
Foreign currency contracts qualifying as cash flow hedges: |  | Notional amount |  |  |  |  |  |
Euro |  | EUR |  | 73.4 |  |  |  |  |  |  |  |  |
British pound |  | GBP |  | 9.1 |  |  |  |  |  |  |  |  |
Japanese yen |  | JPY |  | 297.8 |  |  |  |  |  |  |  |  |
Chilean peso |  | CLP |  | 6,876.0 |  |  |  |  |  |  |  |  |
Kenyan shilling |  | KES |  | 982.4 |  |  |  |  |  |  |  |  |
Korean won |  | KRW |  | 4,100.0 |  |  |  |  |  |  |  |  |
Fair values of derivative instruments | The following table reflects the fair values of derivative instruments, which are designated as level 2 in the fair value hierarchy, as of September 29, 2023 and December 30, 2022 (U.S. dollars in millions):
Effect of derivative instruments on Consolidated Statements of Comprehensive Income (Loss) | The following table reflects the effect of derivative instruments on the Consolidated Statements of Comprehensive Income for the quarters and nine months ended September 29, 2023 and September 30, 2022 (U.S. dollars in millions):
|  | Net amount of gain (loss) recognized in other comprehensive income (loss) on derivatives
|  | Quarter ended |  | Nine months ended
Derivative instruments |  | September 29, 2023 |  | September 30, 2022 |  | September 29, 2023 |  | September 30, 2022
Foreign exchange contracts |  | $ | 2.5 |  |  | $ | (2.6) |  |  | $ | 7.0 |  |  | $ | 17.2 |
Interest rate swaps, net of tax |  | 2.3 |  |  | 14.2 |  |  | 2.1 |  |  | 38.8 |
Total |  | $ | 4.8 |  |  | $ | 11.6 |  |  | $ | 9.1 |  |  | $ | 56.0 |

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- 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 4E -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A + Details
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