Stockholders' Equity

6 Months Ended

Jul. 04, 2026

Equity [Abstract]

Stockholders’ Equity

Accumulated Other Comprehensive Income (Loss)

(In millions)	Foreign Currency Translation Adjustment		Prior Pension and Post-Retirement Benefit Service Cost and Actuarial Gain (Loss)	Total
Balance as of December 31, 2025	$	(908.6)	0.7	(907.9)
Current period other comprehensive income (loss)	(29.2)		–	(29.2)
Balance as of July 4, 2026	$	(937.8)	0.7	(937.1)

Stockholders’ Equity

The following tables reflect the changes in stockholders’ equity for the three months ended July 4, 2026, and June 28, 2025:

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 April 04, 2026

68.4

$

0.7

$

1,993.7

$

7,555.6

$

(959.3)

(7.3)

$

(215.1)

$

4.1

$

8,379.7

Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards

–

–

–

–

–

–

0.1

–

0.1

Stock-based compensation expense

–

–

6.7

–

–

–

–

–

6.7

Repurchases of common stock

(0.6)

–

–

(60.0)

–

–

–

–

(60.0)

Net earnings attributable to noncontrolling interests

–

–

–

–

–

–

–

(0.1)

(0.1)

Currency translation adjustment on noncontrolling interests

–

–

–

–

–

–

–

–

–

De-consolidation of noncontrolling interest

–

–

–

–

–

–

–

–

–

Currency translation adjustment

–

–

–

–

22.2

–

–

–

22.2

Prior pension and post-retirement benefit service cost and actuarial loss

–

–

–

–

–

–

–

–

–

Net earnings

–

–

–

196.1

–

–

–

–

196.1

Balance as of July 04, 2026

67.8

$

0.7

$

2,000.4

$

7,691.7

$

(937.1)

(7.3)

$

(215.0)

$

4.0

$

8,544.7

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 March 29, 2025

69.8

$

0.7

$

1,971.2

$

7,372.2

$

(1,272.8)

(7.3)

$

(215.2)

$

5.8

$

7,861.9

Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards

0.1

–

(0.7)

–

–

–

–

–

(0.7)

Stock-based compensation expense

–

–

7.6

–

–

–

–

–

7.6

Repurchases of common stock

(0.4)

–

–

(42.6)

–

–

–

–

(42.6)

Net earnings attributable to noncontrolling interests

–

–

–

–

–

–

–

–

–

Currency translation adjustment on noncontrolling interests

–

–

–

–

–

–

–

0.3

0.3

De-consolidation of noncontrolling interests

–

–

–

–

–

–

–

(0.6)

(0.6)

Currency translation adjustment

–

–

–

–

325.2

–

–

–

325.2

Prior pension and post-retirement benefit service cost and actuarial gain

–

–

–

–

–

–

–

–

–

Net earnings

–

–

–

146.5

–

–

–

–

146.5

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

The following tables reflect the changes in stockholders’ equity for the six months ended July 4, 2026, and June 28, 2025:

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 December 31, 2025

68.8

$

0.7

$

1,992.6

$

7,503.1

$

(907.9)

(7.3)

$

(215.2)

$

5.4

$

8,378.7

Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards

0.2

–

(6.3)

–

–

–

0.2

–

(6.1)

Stock-based compensation expense

–

–

14.1

–

–

–

–

–

14.1

Repurchases of common stock

(1.2)

–

–

(124.6)

–

–

–

–

(124.6)

Net earnings attributable to noncontrolling interests

–

–

–

–

–

–

–

(0.1)

(0.1)

Currency translation adjustment on noncontrolling interests

–

–

–

–

–

–

–

(1.3)

(1.3)

De-consolidation of noncontrolling interest

–

–

–

–

–

–

–

–

–

Currency translation adjustment

–

–

–

–

(29.2)

–

–

–

(29.2)

Prior pension and post-retirement benefit service cost and actuarial loss

–

–

–

–

–

–

–

–

–

Net earnings

–

–

–

313.2

–

–

–

–

313.2

Balance as of July 04, 2026

67.8

$

0.7

$

2,000.4

$

7,691.7

$

(937.1)

(7.3)

$

(215.0)

$

4.0

$

8,544.7

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 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

–

(5.9)

–

–

–

0.1

–

(5.8)

Stock-based compensation expense

–

–

15.2

–

–

–

–

–

15.2

Repurchases of common stock

(0.6)

–

–

(68.0)

–

–

–

–

(68.0)

Net earnings attributable to noncontrolling interests

–

–

–

–

–

–

–

–

–

Currency translation adjustment on noncontrolling interests

–

–

–

–

–

–

–

0.6

0.6

De-consolidation of noncontrolling interests

–

–

–

–

–

–

–

(0.6)

(0.6)

Currency translation adjustment

–

–

–

–

580.3

–

–

–

580.3

Prior pension and post-retirement benefit service cost and actuarial gain

–

–

–

–

–

–

–

–

–

Net earnings

–

–

–

219.0

–

–

–

–

219.0

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