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