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Financial instruments (Tables)
6 Months Ended
Jul. 02, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of foreign exchange gains and losses recognized within AOCI and the interest benefit recognized within interest expense The following table summarizes the foreign exchange gains and losses recognized within AOCI and the interest benefit recognized within interest expense related to cross currency swap for the three and six months ended July 2, 2023 and June 26, 2022:
Three Months EndedSix Months Ended
July 2, 2023June 26, 2022July 2, 2023June 26, 2022
Foreign exchange (loss) gain$(4,259)$22,614 $(14,290)$26,454 
Interest benefit5,180 5,297 10,288 10,145 
Fair Values of Derivative Instruments Designated as Hedging Instruments
The following table presents the locations in the condensed consolidated balance sheet and fair value of derivative financial instruments as of July 2, 2023 and December 31, 2022:
July 2, 2023December 31, 2022
Fair Value
Asset derivatives:
Designated foreign currency forward contracts$7,230 $3,154 
Non-designated foreign currency forward contracts145 41 
Cross-currency interest rate swaps41,906 48,503 
Prepaid expenses and other current assets49,281 51,698 
Cross-currency interest rate swaps— 11,912 
Other assets— 11,912 
Total asset derivatives$49,281 $63,610 
Liability derivatives:  
Designated foreign currency forward contracts$3,162 $983 
Non-designated foreign currency forward contracts249 477 
Other current liabilities3,411 1,460 
Total liability derivatives$3,411 $1,460