Segment Data (Tables)

3 Months Ended

Mar. 29, 2025

Segment Reporting [Abstract]

Operating Segments

	Three Months Ended March 29, 2025
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Corporate/Other		Total
Net sales (A)	$	413.7	$	252.9	$	183.5	$	371.7	$	—	$	1,221.8
Cost of sales (B)	307.9		185.3		116.7		308.7		—		918.6
Operating expenses (C)	59.7		28.5		69.6		55.3		33.8		246.9
Operating earnings	$	46.1	$	39.1	$	(2.8)	$	7.7	$	(33.8)	$	56.3

(A) Net sales includes $73.3 million, $2.4 million, $24.7 million and $0.4 million million of segment eliminations for the Propulsion, Engine P&A, Navico Group and Boat reportable segments, respectively.

(B) Includes $0.7 million of Cost of sales related Restructuring, exit and impairment charges.

(C) Includes $208.0 million of Selling, general and administrative expense, $38.5 million of Research and development expense and $0.4 million of Restructuring, exit and impairment charges.

	Three Months Ended March 30, 2024
(in millions)	Propulsion		Engine P&A		Navico Group		Boat		Corporate/Other		Total
Net sales (A)	$	495.8	$	260.7	$	182.8	$	425.7	$	—	$	1,365.0
Cost of sales (B)	339.9		197.6		114.4		343.1		—		995.0
Operating expenses (C)	73.1		29.9		70.8		53.2		32.4		259.4
Operating earnings	$	82.8	$	33.2	$	(2.4)	$	29.4	$	(32.4)	$	110.6

(A) Net sales includes $82.4 million, $1.7 million and $28.1 million of segment eliminations for the Propulsion, Engine P&A and Navico Group reportable segments, respectively.

(B) Includes $3.6 million of Cost of sales related Restructuring, exit and impairment charges.

(C) Includes $203.7 million of Selling, general and administrative expense, $45.8 million of Research and development expense and $9.9 million of Restructuring, exit and impairment charges.

	Depreciation				Amortization
	Three Months Ended				Three Months Ended
(in millions)	March 29, 2025		March 30, 2024		March 29, 2025		March 30, 2024
Propulsion	$	29.8	$	30.8	$	1.9	$	1.6
Engine P&A	4.0		3.7		0.2		0.2
Navico Group	2.7		3.2		14.5		13.9
Boat	13.2		12.6		1.5		1.4
Corporate/Other	1.2		1.2		1.1		0.8
Total	$	50.9	$	51.5	$	19.2	$	17.9

	Total Assets
(in millions)	March 29, 2025		December 31, 2024		March 30, 2024
Propulsion	$	1,512.1	$	1,507.3	$	1,758.8
Engine P&A	922.2		803.5		927.1
Navico Group	1,884.9		1,877.6		2,043.0
Boat	898.3		868.3		922.0
Corporate/Other	639.5		621.0		857.8
Total	$	5,857.0	$	5,677.7	$	6,508.7

	Capital Expenditures				Research & Development Expense
	Three Months Ended				Three Months Ended
(in millions)	March 29, 2025		March 30, 2024		March 29, 2025		March 30, 2024
Propulsion	$	15.2	$	27.3	$	18.5	$	23.8
Engine P&A	2.2		3.5		0.4		0.2
Navico Group	2.5		4.0		11.4		12.5
Boat	15.9		17.1		7.2		6.8
Corporate/Other	1.9		2.1		1.0		2.5
Total	$	37.7	$	54.0	$	38.5	$	45.8

Geographic Segments

	Net Sales
	Three Months Ended
(in millions)	March 29, 2025		March 30, 2024
United States	$	818.1	$	917.0
International	403.7		448.0
Total	$	1,221.8	$	1,365.0

	Net Property
(in millions)	March 29, 2025		December 31, 2024		March 30, 2024
United States	$	1,116.7	$	1,127.8	$	1,180.0
International	105.7		105.2		109.5
Corporate/Other	17.2		18.5		19.5
Total	$	1,239.6	$	1,251.5	$	1,309.0