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Goodwill and Identifiable Intangible Assets (Tables)
9 Months Ended
Sep. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill The change in the net carrying amount of goodwill was as follows:
(U.S. Dollars presented in millions)
Total
Goodwill
Balance at December 31, 2023
$925.1 
Supreme acquisition 204.9 
2024 translation adjustments(0.6)
Balance at September 29, 2024
$1,129.4 
Schedule of Finite-Lived Intangible Assets
The gross carrying value and accumulated amortization by class of intangible assets as of September 29, 2024 and December 31, 2023 were as follows:
September 29, 2024December 31, 2023
(U.S. Dollars presented in millions)Gross
Carrying
Amounts
Accumulated
Amortization
Net
Book
Value
Gross
Carrying
Amounts
Accumulated
Amortization
Net
Book
Value
Indefinite-lived tradenames (a)
$268.5 $— $268.5 $184.2 $— $184.2 
Amortizable intangible assets
Tradenames 10.3 (10.3)— 10.4 (10.4)— 
Customer and contractual relationships (a)
534.9 (225.5)309.4 363.6 (212.3)151.3 
Patents/proprietary technology11.0 (11.0)— 11.0 (11.0)— 
Total556.2 (246.8)309.4 385.0 (233.7)151.3 
Total identifiable intangibles$824.7 $(246.8)$577.9 $569.2 $(233.7)$335.5 
(a)     During the third quarter of 2024, we completed our acquisition of Supreme, acquiring Indefinite-lived tradenames of $85.1 million and customer relationships of $171.8 million.
Schedule of Indefinite-Lived Intangible Assets
The gross carrying value and accumulated amortization by class of intangible assets as of September 29, 2024 and December 31, 2023 were as follows:
September 29, 2024December 31, 2023
(U.S. Dollars presented in millions)Gross
Carrying
Amounts
Accumulated
Amortization
Net
Book
Value
Gross
Carrying
Amounts
Accumulated
Amortization
Net
Book
Value
Indefinite-lived tradenames (a)
$268.5 $— $268.5 $184.2 $— $184.2 
Amortizable intangible assets
Tradenames 10.3 (10.3)— 10.4 (10.4)— 
Customer and contractual relationships (a)
534.9 (225.5)309.4 363.6 (212.3)151.3 
Patents/proprietary technology11.0 (11.0)— 11.0 (11.0)— 
Total556.2 (246.8)309.4 385.0 (233.7)151.3 
Total identifiable intangibles$824.7 $(246.8)$577.9 $569.2 $(233.7)$335.5 
(a)     During the third quarter of 2024, we completed our acquisition of Supreme, acquiring Indefinite-lived tradenames of $85.1 million and customer relationships of $171.8 million.