Shareholders' Equity (Tables)

6 Months Ended

Jun. 28, 2025

Shareholders' Equity

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

	Quarter Ended				Six Months Ended
	June 28,		June 29,		June 28,		June 29,
(thousands)	2025		2024		2025		2024
Foreign Currency Translation Adjustment and Other:
Other comprehensive income (loss) before reclassifications (a)	$	261,734	$	(24,067)	$	392,350	$	(122,239)
Amounts reclassified into income		3,173		(119)		3,374		(74)
(Loss) gain on Foreign Exchange Contracts Designated as Net Investment Hedges, Net:
Other comprehensive (loss) income before reclassifications (b)		(5,694)		2,750		(10,567)		7,720
Amounts reclassified into income		(510)		(1,372)		(1,589)		(2,744)
(Loss) gain on Interest Rate Swaps Designated as Cash Flow Hedges, Net:
Amounts reclassified into (loss) income		(424)		(226)		(843)		303
Post-retirement Expense Items, Net:
Amounts reclassified into income		(347)		(502)		(709)		(593)
Net change in Accumulated other comprehensive income (loss)	$	257,932	$	(23,536)	$	382,016	$	(117,627)

(a) Foreign currency translation adjustment includes intra-entity foreign currency transactions that are of a long-term investment nature of $21.9 million and $34.6 million for the second quarter and first six months of 2025, and ($2.2) million ($9.0) million for the second quarter and first six 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

	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

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	$	776,653	$	223,347