Hedging Transactions and Derivative Financial Instruments (Tables)

6 Months Ended

Jul. 03, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative instruments, gain (loss)

The following table summarizes the notional values and pretax impact of changes in the fair values of instruments designated as net investment hedges in OCI for the three and six months ended July 3, 2026 and June 27, 2025 ($ in millions):

	Three Months Ended July 3, 2026				Three Months Ended June 27, 2025
	Notional Amount		Gain (Loss) Recognized in OCI		Notional Amount		Loss Recognized in OCI
Foreign currency denominated debt	$	514.7	$	3.7	$	527.3	$	(33.0)
Foreign currency contract	150.0		(0.2)		150.0		(11.6)
Total	$	664.7	$	3.5	$	677.3	$	(44.6)

	Six Months Ended July 3, 2026				Six Months Ended June 27, 2025
	Notional Amount		Gain Recognized in OCI		Notional Amount		Loss Recognized in OCI
Foreign currency denominated debt	$	514.7	$	13.9	$	527.3	$	(49.6)
Foreign currency contract	150.0		2.7		150.0		(16.3)
Total	$	664.7	$	16.6	$	677.3	$	(65.9)

Schedule of notional amounts of outstanding derivative positions

The following table summarizes the notional values and pretax impact of changes in the fair values of instruments designated as net investment hedges in OCI for the three and six months ended July 3, 2026 and June 27, 2025 ($ in millions):

	Three Months Ended July 3, 2026				Three Months Ended June 27, 2025
	Notional Amount		Gain (Loss) Recognized in OCI		Notional Amount		Loss Recognized in OCI
Foreign currency denominated debt	$	514.7	$	3.7	$	527.3	$	(33.0)
Foreign currency contract	150.0		(0.2)		150.0		(11.6)
Total	$	664.7	$	3.5	$	677.3	$	(44.6)

	Six Months Ended July 3, 2026				Six Months Ended June 27, 2025
	Notional Amount		Gain Recognized in OCI		Notional Amount		Loss Recognized in OCI
Foreign currency denominated debt	$	514.7	$	13.9	$	527.3	$	(49.6)
Foreign currency contract	150.0		2.7		150.0		(16.3)
Total	$	664.7	$	16.6	$	677.3	$	(65.9)

Schedule of derivative instruments in statement of financial position, fair value

The Company’s derivative instruments, as well as its non-derivative debt instrument designated and qualifying as net investment hedges, were classified in the Company’s Condensed Consolidated Balance Sheets as follows ($ in millions):

	July 3, 2026		December 31, 2025
Derivative liabilities:
Other long-term liabilities	$	7.5	$	10.2
Non-derivative hedging instruments:
Long-term debt	$	514.7	$	528.6