Fair Value Measurement (Tables)

12 Months Ended

Dec. 28, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables present the Company’s financial instruments that are measured at fair value on a recurring and nonrecurring basis as of December 28, 2024 and December 30, 2023 and are categorized using the fair value hierarchy under FASB authoritative guidance.  The fair value hierarchy has three levels based on the reliability of the inputs used to determine the fair value.

			Fair Value Measurements at December 28, 2024 Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
(In thousands of dollars)	Total		(Level 1)		(Level 2)		(Level 3)
Assets
Derivative assets	$	30,693	$	—	$	30,693	$	—
Total Assets	30,693		—		30,693		—
Liabilities
Derivative liabilities	41,920		—		41,920		—
Contingent consideration	28,862		—		—		28,862
Total Liabilities	$	70,782	$	—	$	41,920	$	28,862

			Fair Value Measurements at December 30, 2023 Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
(In thousands of dollars)	Total		(Level 1)		(Level 2)		(Level 3)
Assets
Derivative assets	$	29,000	$	—	$	29,000	$	—
Total Assets	29,000		—		29,000		—
Liabilities
Derivative liabilities	19,997		—		19,997		—
Contingent consideration	86,495		—		—		86,495
Total Liabilities	$	106,492	$	—	$	19,997	$	86,495

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The changes in contingent consideration are due to the following:

(in thousands of dollars)	Contingent Consideration
Balance as of December 31, 2022	$	169,903
Out of period correction	(85,144)
Total included in earnings during period	(5,835)
Exchange rate changes	7,571
Balance as of December 30, 2023	86,495
Total included in earnings during period	(46,706)
Exchange rate changes	(10,927)
Balance as of December 28, 2024	$	28,862

Fair Value, by Balance Sheet Grouping

The fair value of financial instruments that are not carried at fair value are as follows:

			Fair Value Measurements at December 28, 2024 Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
(In thousands of dollars)	Total		(Level 1)		(Level 2)		(Level 3)
Liabilities
6% Senior Notes	$	982,500	$	—	$	982,500	$	—
5.25% Senior Notes	490,000		—		490,000		—
3.625% Senior Notes	534,908		—		534,908		—
Term loan A-1	395,015		—		395,015		—
Term loan A-2	469,516		—		469,516		—
Term loan A-3	296,261		—		296,261		—
Term loan A-4	478,844		—		478,844		—
Revolver	264,330		—		264,330		—
Total Liabilities	$	3,911,374	$	—	$	3,911,374	$	—

			Fair Value Measurements at December 30, 2023 Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
(In thousands of dollars)	Total		(Level 1)		(Level 2)		(Level 3)
Liabilities
6% Senior Notes	$	1,000,000	$	—	$	1,000,000	$	—
5.25% Senior Notes	493,100		—		493,100		—
3.625% Senior Notes	560,994		—		560,994		—
Term loan A-1	398,000		—		398,000		—
Term loan A-2	478,844		—		478,844		—
Term loan A-3	298,500		—		298,500		—
Term loan A-4	488,172		—		488,172		—
Revolver	604,766		—		604,766		—
Total Liabilities	$	4,322,376	$	—	$	4,322,376	$	—