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Unaudited Condensed Consolidated Statements of Shareholders’ Equity - USD ($)
$ in Millions
Total
Total shareholders’ equity
Share capital
Additional paid-in capital
Treasury Shares
Accumulated other comprehensive loss
Retained earnings
Non- controlling interests
Beginning balance at Dec. 31, 2022 $ 3,443.6 $ 3,110.0 $ 2.8 $ 2,542.1 $ 0.0 $ (917.8) $ 1,482.9 $ 333.6
Increase (Decrease) in Stockholders' Equity                
Net income 187.3 170.0         170.0 17.3
Other comprehensive (loss) income 2.0 31.4       31.4   (29.4)
Total comprehensive (loss) income 189.3 201.4 0.0 0.0 0.0 31.4 170.0 (12.1)
—Issuance of shares 17.5 17.5   17.5        
—Shares withheld for employee taxes (3.2) (3.2)   (3.2)        
—Buy-back and cancellation of shares (253.8) (253.8) (0.2)       (253.6)  
—Share-based compensation 19.4 19.3   19.3       0.1
—Dividends paid to non-controlling interests (0.5)             (0.5)
Ending balance at Sep. 30, 2023 3,412.3 3,091.2 2.6 2,575.7 0.0 (886.4) 1,399.3 321.1
Beginning balance at Jul. 01, 2023 3,391.0 3,070.4 2.6 2,573.1 0.0 (825.9) 1,320.6 320.6
Increase (Decrease) in Stockholders' Equity                
Net income 85.5 78.7         78.7 6.8
Other comprehensive (loss) income (66.3) (60.5)       (60.5)   (5.8)
Total comprehensive (loss) income 19.2 18.2 0.0 0.0 0.0 (60.5) 78.7 1.0
—Issuance of shares 0.1 0.1   0.1        
—Shares withheld for employee taxes (1.5) (1.5)   (1.5)        
—Buy-back and cancellation of shares 0.0              
—Share-based compensation 4.0 4.0   4.0       0.0
—Dividends paid to non-controlling interests (0.5)             (0.5)
Ending balance at Sep. 30, 2023 3,412.3 3,091.2 2.6 2,575.7 0.0 (886.4) 1,399.3 321.1
Beginning balance at Dec. 30, 2023 3,543.9 3,220.2 2.6 2,583.8 0.0 (828.5) 1,462.3 323.7
Increase (Decrease) in Stockholders' Equity                
Net income 178.8 158.3         158.3 20.5
Other comprehensive (loss) income (108.6) (113.5)       (113.5)   4.9
Total comprehensive (loss) income 70.2 44.8 0.0 0.0 0.0 (113.5) 158.3 25.4
—Issuance of shares 10.0 10.0   10.0        
—Shares withheld for employee taxes (4.7) (4.7)   (4.7)        
—Buy-back and cancellation of shares (177.7) (177.7) (0.1)   (127.1)   (50.5)  
—Share-based compensation 17.9 17.7   17.7       0.2
—Dividends paid to non-controlling interests (1.7)             (1.7)
Ending balance at Sep. 28, 2024 3,457.9 3,110.3 2.5 2,606.8 (127.1) (942.0) 1,570.1 347.6
Beginning balance at Jun. 29, 2024 3,494.3 3,177.0 2.6 2,600.9 0.0 (949.0) 1,522.5 317.3
Increase (Decrease) in Stockholders' Equity                
Net income 55.1 47.6         47.6 7.5
Other comprehensive (loss) income 31.4 7.0       7.0   24.4
Total comprehensive (loss) income 86.5 54.6 0.0 0.0 0.0 7.0 47.6 31.9
—Issuance of shares 2.9 2.9   2.9        
—Shares withheld for employee taxes (2.3) (2.3)   (2.3)        
—Buy-back and cancellation of shares (127.2) (127.2) (0.1)   (127.1)      
—Share-based compensation 5.4 5.3   5.3       0.1
—Dividends paid to non-controlling interests (1.7)             (1.7)
Ending balance at Sep. 28, 2024 $ 3,457.9 $ 3,110.3 $ 2.5 $ 2,606.8 $ (127.1) $ (942.0) $ 1,570.1 $ 347.6