XML 33 R23.htm IDEA: XBRL DOCUMENT v3.23.1
Basis of Interim Presentation (Policies)
3 Months Ended
Apr. 01, 2023
Accounting Policies [Abstract]  
Recent Accounting Pronouncements and Impacts of Enacted Legislation Recent Accounting Pronouncements and Impacts of Enacted Legislation

On August 16, 2022, the Inflation Reduction Act of 2022 (the “IR Act”) was signed into federal law. The IR Act provides for, among other things, a new U.S. federal 1% excise tax on certain repurchases of stock by publicly traded U.S. domestic corporations and certain U.S. domestic subsidiaries of publicly traded foreign corporations occurring on or after January 1, 2023. This did not have a material impact on our financial position or results of operations.