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Derivative Financial Instruments (Tables) | 6 Months Ended
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Jun. 27, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Outstanding forward contracts | We had the following outstanding foreign currency contracts as of June 27, 2025 (in millions):
Foreign currency contracts qualifying as cash flow hedges: |  | Notional amount |  |  |  |  |  |
Euro |  | EUR |  | 102.3 |  |  |  |  |  |  |  |  |
British pound |  | GBP |  | 2.9 |  |  |  |  |  |  |  |  |
Japanese yen |  | JPY |  | 2,745.8 |  |  |  |  |  |  |  |  |
Costa Rican colon |  | CRC |  | 45,965.6 |  |  |  |  |  |  |  |  |
Chilean peso |  | CLP |  | 6,354.4 |  |  |  |  |  |  |  |  |
Kenyan shilling |  | KES |  | 1,433.3 |  |  |  |  |  |  |  |  |
Mexican peso |  | MXP |  | 277.0 |  |  |  |  |  |  |  |  |
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 June 27, 2025 and December 27, 2024 (U.S. dollars in millions):
|  | Foreign exchange contracts (1) |  |  |  |  |  |
Balance Sheet location: |  | June 27, 2025 |  | December 27, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Asset derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Prepaid expenses and other current assets |  | $ | 2.8 |  |  | $ | 0.3 |  |  |  |  |  |  |  |  |  |  |  |  |
Total asset derivatives |  | $ | 2.8 |  |  | $ | 0.3 |  |  |  |  |  |  |  |  |  |  |  |  |
Liability derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 9.7 |  |  | $ | — |  |  |  |  |  |  |  |  |  |  |  |  |
Total liability derivatives |  | $ | 9.7 |  |  | $ | — |  |  |  |  |  |  |  |  |  |  |  |  |
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 six months ended June 27, 2025 and June 28, 2024 (U.S. dollars in millions):
|  | Net amount of gain (loss) recognized in other comprehensive income on derivatives
|  | Quarter ended |  | Six months ended
Derivative instruments |  | June 27, 2025 |  | June 28, 2024 |  | June 27, 2025 |  | June 28, 2024
Foreign exchange contracts |  | $ | (5.5) |  |  | $ | 1.4 |  |  | $ | (7.0) |  |  | $ | 5.1 |
Interest rate swaps, net of tax |  | (0.8) |  |  | (0.4) |  |  | (1.7) |  |  | 1.7 |
Total |  | $ | (6.3) |  |  | $ | 1.0 |  |  | $ | (8.7) |  |  | $ | 6.8 |

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