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Investments, Equity Method and Joint Ventures
 9 Months Ended
Sep. 28, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments and Joint Ventures Disclosure VARIABLE INTEREST ENTITIES AND RELATED PARTY TRANSACTIONS
Assets and Liabilities of Consolidated VIEs
The Company had equity interests in Merrell® and Saucony® joint ventures that sourced Merrell® and Saucony® footwear and apparel products in China. Based upon the criteria set forth in FASB ASC 810, Consolidation, the Company had determined that two of the joint ventures were variable interest entities (VIEs) of which the Company was the primary beneficiary and, as a result, the Company consolidated these VIEs. The Merrell® and Saucony® joint ventures were divested effective January 1, 2024.
The following is a summary of these VIEs’ assets and liabilities included in the Company’s consolidated condensed balance sheets.
(In millions)December 30,
2023		September 30,
2023
Cash$— $4.1 
Accounts receivable— 8.4 
Inventory— 36.1 
Other current assets— 4.0 
Noncurrent assets— 0.9 
Assets held for sale51.6 — 
Total assets$51.6 $53.5 
Current liabilities$— $11.8 
Noncurrent liabilities— 0.1 
Liabilities held for sale15.4 — 
Total liabilities$15.4 $11.9 

Nonconsolidated VIEs
The Company also had equity interests in two Merrell® and Saucony® joint ventures that marketed the Company’s Merrell® and Saucony® footwear and apparel products in China that were VIEs that are not consolidated as the Company did not have the power to direct the most significant activities that impact the VIEs' economic performance. The following is a summary of carrying amounts of assets included in the Company’s consolidated condensed balance sheets as of December 30, 2023 and September 30, 2023, respectively, related to VIEs for which the Company was not the primary beneficiary.
The following is a summary of the carrying amounts of assets included in the Company’s consolidated condensed balance sheets.
(In millions)December 30,
2023		September 30,
2023
Equity method investments (1)
$— $7.9 
(1) Equity method investments are included in “Other Assets” on the consolidated condensed balance sheets.

Related Party Transactions
In the normal course of business, the Company entered into transactions with related party equity affiliates. Related party transactions consist of the sale of goods, made at arm’s length, and other arrangements. For the quarter and year-to-date ended September 30, 2023, the Company recognized net sales to equity affiliates totaling $16.8 million and $41.1 million, respectively. The Company did not recognize any sales to equity affiliates for the quarter and year-to-date ended September 28, 2024.
The following table summarizes related party transactions included in the consolidated condensed balance sheets.
(In millions)December 30,
2023		September 30,
2023
Accounts receivable due from related parties$15.4 $8.4 
Long term liabilities due to related parties1.4 —