Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 26, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Outstanding Foreign Currency Forward Contracts that were Entered into to Hedge Forecasted Cash Flows

We had the following outstanding foreign currency forward contracts as of December 26, 2025 (in millions):

Foreign currency contracts qualifying as cash flow hedges:	Notional amount
Chilean peso	CLP	22,874.9
Euro	EUR	338.0

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 December 26, 2025 and December 27, 2024 (U.S. dollars in millions):

 

	Derivatives designated as hedging instruments(1)
	Foreign exchange contracts
Balance Sheet location:	December 26, 2025		December 27, 2024
Asset derivatives:
Prepaid expenses and other current assets	$	0.4	$	0.3
Liability derivatives:
Accounts payable and accrued expenses	$	1.4	$	—

(1) See Note 18, “Fair Value Measurements,” for fair value disclosures.

Effect of Derivative Instruments on the Consolidated Statements of Income

The following table reflects the effect of derivative instruments on the Consolidated Statements of Comprehensive Income for the years ended December 26, 2025 and December 27, 2024 (U.S. dollars in millions):

	Net amount of gain (loss) recognized in other comprehensive income on derivatives
Derivative Instruments	December 26, 2025		December 27, 2024
Foreign exchange contracts	$	(1.0)	$	4.0
Interest rate swaps, net of tax	(2.7)		(2.2)
Total	$	(3.7)	$	1.8