XML 46 R35.htm IDEA: XBRL DOCUMENT
v3.25.3

Derivative Financial Instruments (Tables) | 9 Months Ended
--- | ---
Sep. 26, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Outstanding forward contracts | We had the following outstanding foreign currency contracts as of September 26, 2025 (in millions):
Foreign currency contracts qualifying as cash flow hedges: |  | Notional amount |  |  |  |  |  |
Euro |  | EUR |  | 55.0 |  |  |  |  |  |  |  |  |
British pound |  | GBP |  | 1.4 |  |  |  |  |  |  |  |  |
Japanese yen |  | JPY |  | 1,048.3 |  |  |  |  |  |  |  |  |
Costa Rican colon |  | CRC |  | 55,812.0 |  |  |  |  |  |  |  |  |
Chilean peso |  | CLP |  | 4,108.4 |  |  |  |  |  |  |  |  |
Kenyan shilling |  | KES |  | 649.7 |  |  |  |  |  |  |  |  |
Mexican peso |  | MXP |  | 139.1 |  |  |  |  |  |  |  |  |
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 26, 2025 and December 27, 2024 (U.S. dollars in millions):
|  | Foreign exchange contracts (1) |  |  |  |  |  |
Balance Sheet location: |  | September 26, 2025 |  | December 27, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Asset derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Prepaid expenses and other current assets |  | $ | 3.1 |  |  | $ | 0.3 |  |  |  |  |  |  |  |  |  |  |  |  |
Total asset derivatives |  | $ | 3.1 |  |  | $ | 0.3 |  |  |  |  |  |  |  |  |  |  |  |  |
Liability derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued expenses |  | $ | 4.7 |  |  | $ | — |  |  |  |  |  |  |  |  |  |  |  |  |
Total liability derivatives |  | $ | 4.7 |  |  | $ | — |  |  |  |  |  |  |  |  |  |  |  |  |
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 nine months ended September 26, 2025 and September 27, 2024 (U.S. dollars in millions):
|  | Net amount of gain (loss) recognized in other comprehensive income on derivatives
|  | Quarter ended |  | Nine months ended
Derivative instruments |  | September 26, 2025 |  | September 27, 2024 |  | September 26, 2025 |  | September 27, 2024
Foreign exchange contracts |  | $ | 5.4 |  |  | $ | (3.8) |  |  | $ | (1.7) |  |  | $ | 1.4 |
Interest rate swaps, net of tax |  | (0.6) |  |  | (2.5) |  |  | (2.2) |  |  | (0.9) |
Total |  | $ | 4.8 |  |  | $ | (6.3) |  |  | $ | (3.9) |  |  | $ | 0.5 |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 4CC -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4CC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 5: 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 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 182 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480401/815-10-55-182 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 3: 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 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration