Derivative Financial Instruments (Tables)

9 Months Ended

Oct. 01, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Cash Flow Hedging Instruments

At October 1, 2023, September 25, 2022 and December 25, 2022, the notional amounts and fair values of the Company's foreign currency forward contracts designated as cash flow hedging instruments were as follows:

	October 1, 2023 (1)			September 25, 2022			December 25, 2022
Hedged transaction	Notional Amount		Fair Value	Notional Amount		Fair Value	Notional Amount		Fair Value
Inventory purchases	$	194.4	3.4	$	144.7	12.6	$	166.3	(2.7)
Sales	113.4		0.8	101.9		5.2	99.2		1.2
Production financing and other	70.5		(0.9)	106.7		7.2	116.8		1.5
Total	$	378.3	3.3	$	353.3	25.0	$	382.3	—

(1) Includes certain cash flow hedges attributable to the non-core eOne Film and TV business, which were reclassified to Assets held for sale and Liabilities held for sale at October 1, 2023. See note 15 for additional information.

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The fair values of the Company's foreign currency forward contracts designated as cash flow hedges are recorded in the consolidated balance sheets at October 1, 2023, September 25, 2022 and December 25, 2022 as follows:

	October 1, 2023 (1)		September 25, 2022		December 25, 2022
Prepaid expenses and other current assets
Unrealized gains	$	5.9	$	24.5	$	4.3
Unrealized losses	(2.0)		(1.2)		(1.8)
Net unrealized gains	$	3.9	$	23.3	$	2.5
Other assets
Unrealized gains	$	1.5	$	1.9	$	0.3
Unrealized losses	(0.1)		(0.1)		—
Net unrealized gains	$	1.4	$	1.8	$	0.3
Accrued liabilities
Unrealized gains	$	0.4	$	0.9	$	1.6
Unrealized losses	(2.4)		(1.0)		(4.4)
Net unrealized losses	$	(2.0)	$	(0.1)	$	(2.8)

(1) Includes certain balances attributable to the non-core eOne Film and TV business which were reclassified to Assets held for sale and Liabilities held for sale at October 1, 2023. See note 15 for additional information.

Schedule of Derivative Instruments, Gain (Loss) in Statement of Operations

Net gains (losses) on cash flow hedging activities have been reclassified from other comprehensive earnings (loss) to net earnings for the quarters and nine months ended October 1, 2023 and September 25, 2022 as follows:

	Quarter Ended				Nine Months Ended
	October 1, 2023		September 25, 2022		October 1, 2023		September 25, 2022
Statements of Operations Classification
Cost of sales	$	(1.8)	$	5.9	$	(0.5)	8.5
Net revenues	0.1		1.0		0.2		0.8
Other	(1.2)		(0.2)		(1.7)		(0.9)
Net realized (losses) gains	$	(2.9)	$	6.7	$	(2.0)	8.4

Schedule of Fair Values of Undesignated Derivative Financial Instruments

At October 1, 2023, September 25, 2022 and December 25, 2022, the fair values of the Company's undesignated derivative financial instruments were recorded in the consolidated balance sheets as follows:

	October 1, 2023		September 25, 2022		December 25, 2022
Prepaid expenses and other current assets
Unrealized gains	$	10.7	$	19.6	$	10.9
Unrealized losses	(7.7)		(6.0)		(5.9)
Net unrealized gains	$	3.0	$	13.6	$	5.0
Accrued liabilities
Unrealized losses	(0.1)		(0.2)		—
Net unrealized losses	$	(0.1)	$	(0.2)	$	—
Total unrealized gains, net	$	2.9	$	13.4	$	5.0