Shareholders' Equity (Tables)

6 Months Ended

Jul. 04, 2026

Shareholders' Equity

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

	Quarter Ended				Six Months Ended
	July 4,		June 28,		July 4,		June 28,
(thousands)	2026		2025		2026		2025
Foreign Currency Translation Adjustment and Other:
Other comprehensive income (loss) before reclassifications (a)	$	1,170	$	261,734	$	(68,360)	$	392,350
Amounts reclassified into income		15,561		3,173		24,570		3,374
Gain (loss) on Foreign Exchange Contracts Designated as Net Investment Hedges, Net:
Other comprehensive income (loss) before reclassifications (b)		409		(5,694)		2,492		(10,567)
Amounts reclassified into income		(509)		(510)		(1,019)		(1,589)
Loss on Interest Rate Swaps Designated as Cash Flow Hedges, Net:
Amounts reclassified into income		(447)		(424)		(889)		(843)
Post-retirement Expense Items, Net:
Amounts reclassified into income		(88)		(347)		(190)		(709)
Net change in Accumulated other comprehensive income (loss)	$	16,096	$	257,932	$	(43,396)	$	382,016

(a) Foreign currency translation adjustment includes intra-entity foreign currency transactions that are of a long-term investment nature of ($0.2) million and ($0.1) million for the second quarter and first six months of 2026, respectively, and $21.9 million and $34.6 million for the second quarter and first six months of 2025, respectively.

(b) For additional information related to net investment hedges and interest rate swaps refer to Note H “Financial Instruments Measured at Fair Value” of the Notes to the Consolidated Financial Statements.

Schedule of activity in the number of shares outstanding

	Common		Common
	Stock	Treasury	Stock
(thousands)	Issued	Stock	Outstanding
Common stock outstanding at December 31, 2025	55,838	4,768	51,070
Shares issued for stock-based compensation awards	169	(57)	226
Repurchases of common stock	—	212	(212)
Common stock outstanding at April 4, 2026	56,007	4,923	51,084
Shares issued for stock-based compensation awards	87	(3)	90
Repurchases of common stock	—	199	(199)
Common stock outstanding at July 4, 2026	56,094	5,119	50,975

	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

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	$	852,113	$	—
May 2026		1,000,000		43,065		956,935