Stockholders' Equity

9 Months Ended

Sep. 27, 2025

Equity [Abstract]

Stockholders' Equity

Accumulated Other Comprehensive Income (Loss)

(In millions)	Foreign Currency Translation Adjustments		Prior Pension and Post-Retirement Benefit Service Cost and Actuarial Gain (Loss)	Total
Balance as of December 31, 2024	$	(1,527.2)	(0.7)	(1,527.9)
Current period other comprehensive income (loss)	548.3		—	548.3
Balance as of September 27, 2025	$	(978.9)	(0.7)	(979.6)

Stockholders’ Equity

The following tables reflect the changes in stockholders’ equity for the three months ended September 27, 2025, and September 28, 2024.

	Total Stockholders’ Equity
	Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Noncontrolling Interests	Total Stockholders’ Equity
(In millions)	Shares	Amount				Shares	Amount
Balance as of June 28, 2025	69.5	$0.7	$1,978.1	$7,476.1	($947.6)	(7.3)	($215.2)	$5.5	$8,297.6
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards	—	—	(0.2)	—	—	—	—	—	(0.2)
Stock-based compensation expense	—	—	7.5	—	—	—	—	—	7.5
Repurchases of common stock	(0.3)	—	—	(40.6)	—	—	—	—	(40.6)
Net earnings attributable to noncontrolling interests	—	—	—	—	—	—	—	—	—
Currency translation adjustment on noncontrolling interests	—	—	—	—	—	—	—	(0.1)	(0.1)
De-consolidation of noncontrolling interests	—	—	—	—	—	—	—	—	—
Currency translation adjustment	—	—	—	—	(32.0)	—	—	—	(32.0)
Prior pension and post-retirement benefit service cost and actuarial loss	—	—	—	—	—	—	—	—	—
Net earnings	—	—	—	108.8	—	—	—	—	108.8
Balances as of September 27, 2025	69.2	$0.7	$1,985.4	$7,544.3	($979.6)	(7.3)	($215.2)	$5.4	$8,341.0

	Total Stockholders’ Equity
	Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Noncontrolling Interests	Total Stockholders’ Equity
(In millions)	Shares	Amount				Shares	Amount
Balance as of June 29, 2024	70.4	$0.7	$1,955.0	$7,144.8	($1,238.7)	(7.3)	($215.3)	$6.0	$7,652.5
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards	—	—	(0.2)	—	—	—	—	—	(0.2)
Stock-based compensation expense	—	—	7.0	—	—	—	—	—	7.0
Repurchases of common stock	—	—	—	—	—	—	—	—	—
Net earnings attributable to noncontrolling interests	—	—	—	—	—	—	—	—	—
Currency translation adjustment on noncontrolling interests	—	—	—	—	—	—	—	0.2	0.2
Purchase of noncontrolling interest, net of taxes	—	—	—	—	—	—	—	—	—
Currency translation adjustment	—	—	—	—	34.2	—	—	—	34.2
Prior pension and post-retirement benefit service cost and actuarial gain	—	—	—	—	—	—	—	—	—
Net earnings	—	—	—	162.0	—	—	—	—	162.0
Balances as of September 28, 2024	70.4	$0.7	$1,961.8	$7,306.8	($1,204.5)	(7.3)	($215.3)	$6.2	$7,855.7

The following tables reflect the changes in stockholders’ equity for the nine months ended September 27, 2025, and September 28, 2024.

	Total Stockholders’ Equity
	Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Noncontrolling Interest	Total Stockholders’ Equity
(In millions)	Shares	Amount				Shares	Amount
Balances as of December 31, 2024	69.9	$0.7	$1,968.8	$7,325.1	($1,527.9)	(7.3)	($215.3)	$5.5	$7,556.9
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards	0.2	—	(6.0)	—	—	—	0.1	—	(5.9)
Stock-based compensation expense	—	—	22.6	—	—	—	—	—	22.6
Repurchases of common stock	(0.9)	—	—	(108.7)	—	—	—	—	(108.7)
Net earnings attributable to noncontrolling interests	—	—	—	—	—	—	—	—	—
Currency translation adjustment on noncontrolling interests	—	—	—	—	—	—	—	0.5	0.5
De-consolidation of noncontrolling interest	—	—	—	—	—	—	—	(0.6)	(0.6)
Currency translation adjustment	—	—	—	—	548.3	—	—	—	548.3
Prior pension and post-retirement benefit service cost and actuarial loss	—	—	—	—	—	—	—	—	—
Net earnings	—	—	—	327.9	—	—	—	—	327.9
Balances as of September 27, 2025	69.2	$0.7	$1,985.4	$7,544.3	($979.6)	(7.3)	($215.2)	$5.4	$8,341.0

	Total Stockholders’ Equity
	Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Noncontrolling Interest	Total Stockholders’ Equity
(In millions)	Shares	Amount				Shares	Amount
Balances as of December 31, 2023	71.0	$0.7	$1,947.5	$6,970.2	($1,080.0)	(7.3)	($215.4)	$6.1	$7,629.1
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards	0.2	—	(6.3)	—	—	—	0.1	—	(6.2)
Stock-based compensation expense	—	—	20.6	—	—	—	—	—	20.6
Repurchases of common stock	(0.8)	—	—	(87.9)	—	—	—	—	(87.9)
Net earnings attributable to noncontrolling interests	—	—	—	—	—	—	—	0.1	0.1
Currency translation adjustment on noncontrolling interests	—	—	—	—	—	—	—	—	—
Purchase of noncontrolling interest, net of taxes	—	—	—	—	—	—	—	—	—
Currency translation adjustment	—	—		—	(124.5)	—	—	—	(124.5)
Prior pension and post-retirement benefit service cost and actuarial gain	—	—	—	—	—	—	—	—	—
Net earnings	—	—	—	424.5	—	—	—	—	424.5
Balances as of September 28, 2024	70.4	$0.7	$1,961.8	$7,306.8	($1,204.5)	(7.3)	($215.3)	$6.2	$7,855.7