XML 38 R24.htm IDEA: XBRL DOCUMENT v3.25.1
Financial Instruments (Tables)
 3 Months Ended
Mar. 29, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Offsetting Assets
The following table shows the fair value and balance sheet locations of our fair value hedges, our cross-currency swap contracts designated as cash flow hedges and net investment hedges as of March 29, 2025 and December 28, 2024:
(In millions)Notional AmountOther Current AssetsOther Non-Current AssetsOther Current LiabilitiesType of Hedge
March 29, 2025
Derivatives designated as hedges:
Foreign currency forward contracts$539.4 $— $— $8.7 Fair value
Cross-currency swap contracts250.0 — 10.0 — Cash flow
Foreign currency forward contracts with collars539.4 6.7 — — Net investment
Total$6.7 $10.0 $8.7 
December 28, 2024
Derivatives designated as hedges:
Foreign currency forward contracts$958.9 $.2 $— $36.7 Fair value
Cross-currency swap contracts250.0 — 10.9 — Cash flow
Foreign currency forward contracts with collars958.9 17.8 — .2 Net investment
Total$18.0 $10.9 $36.9 
Schedule of Offsetting Liabilities
The following table shows the fair value and balance sheet locations of our fair value hedges, our cross-currency swap contracts designated as cash flow hedges and net investment hedges as of March 29, 2025 and December 28, 2024:
(In millions)Notional AmountOther Current AssetsOther Non-Current AssetsOther Current LiabilitiesType of Hedge
March 29, 2025
Derivatives designated as hedges:
Foreign currency forward contracts$539.4 $— $— $8.7 Fair value
Cross-currency swap contracts250.0 — 10.0 — Cash flow
Foreign currency forward contracts with collars539.4 6.7 — — Net investment
Total$6.7 $10.0 $8.7 
December 28, 2024
Derivatives designated as hedges:
Foreign currency forward contracts$958.9 $.2 $— $36.7 Fair value
Cross-currency swap contracts250.0 — 10.9 — Cash flow
Foreign currency forward contracts with collars958.9 17.8 — .2 Net investment
Total$18.0 $10.9 $36.9 
Schedule of Derivative Instruments, Gain (Loss)
The following table shows the components of net gains (losses) recognized in income related to derivative instruments:
Three Months Ended
(In millions)March 29, 2025March 30, 2024
Gain (loss) on derivatives designated as fair value hedges:
Foreign currency forward contracts - Marketing, general and administrative expense$19.9 $—