Shareholders' Equity (Tables)

9 Months Ended

Sep. 27, 2025

Shareholders' Equity

Schedule of changes in accumulated other comprehensive loss, excluding noncontrolling interests

	Quarter Ended				Nine Months Ended
	September 27,		September 28,		September 27,		September 28,
(thousands)	2025		2024		2025		2024
Foreign Currency Translation Adjustment and Other:
Other comprehensive (loss) income before reclassifications (a)	$	(32,101)	$	168,947	$	360,249	$	46,708
Amounts reclassified into income		242		24		3,616		(50)
Gain (loss) on Foreign Exchange Contracts Designated as Net Investment Hedges, Net:
Other comprehensive income (loss) before reclassifications (b)		951		(5,110)		(9,616)		2,610
Amounts reclassified into income		(511)		(1,312)		(2,100)		(4,056)
Loss on Interest Rate Swaps Designated as Cash Flow Hedges, Net:
Other comprehensive loss before reclassifications (b)		—		(684)		—		(684)
Amounts reclassified into income		(430)		(342)		(1,273)		(39)
Post-retirement Expense Items, Net:
Amounts reclassified into income		(345)		(317)		(1,054)		(910)
Net change in Accumulated other comprehensive (loss) income	$	(32,194)	$	161,206	$	349,822	$	43,579

(a) Foreign currency translation adjustment includes intra-entity foreign currency transactions that are of a long-term investment nature of $1.1 million and $35.7 million for the third quarter and first nine months of 2025, and $12.2 million and $3.2 million for the third quarter and first nine months of 2024, respectively.

(b) For additional information related to net investment hedges and interest rate swaps refer to Note H.

Schedule of activity in the number of shares outstanding

	Common		Common
	Stock	Treasury	Stock
(thousands)	Issued	Stock	Outstanding
Common stock outstanding at December 31, 2024	55,592	3,420	52,172
Shares issued for stock-based compensation awards	195	(28)	223
Repurchases of common stock	—	528	(528)
Common stock outstanding at March 29, 2025	55,787	3,920	51,867
Shares issued for stock-based compensation awards	28	(23)	51
Repurchases of common stock	—	417	(417)
Common stock outstanding at June 28, 2025	55,815	4,314	51,501
Shares issued for stock-based compensation awards	12	(3)	15
Repurchases of common stock	—	5	(5)
Common stock outstanding at September 27, 2025	55,827	4,316	51,511

	Common		Common
	Stock	Treasury	Stock
(thousands)	Issued	Stock	Outstanding
Common stock outstanding at December 31, 2023	57,691	3,880	53,811
Shares issued for stock-based compensation awards	264	(57)	321
Repurchases of common stock	—	902	(902)
Common stock outstanding at March 30, 2024	57,955	4,725	53,230
Shares issued for stock-based compensation awards	91	(9)	100
Repurchases of common stock	—	385	(385)
Common stock outstanding at June 29, 2024	58,046	5,101	52,945
Shares issued for stock-based compensation awards	13	(11)	24
Repurchases of common stock	—	382	(382)
Common stock outstanding at September 28, 2024	58,059	5,472	52,587

Schedule of company's share repurchase program

					Approximate
					Dollar Value of
	Dollar Value		Dollar Value of		Shares that May
	Approved for		Shares		Yet be Purchased
Share Repurchase Details by Month of Board Approval (thousands)	Repurchase		Repurchased		Under the Program
January 2023	$	1,000,000	$	776,640	$	223,360