Fair Value Measurements (Tables)

6 Months Ended

Jul. 02, 2023

Fair Value Disclosures [Abstract]

Summary of Assets and Liabilities Measured on Recurring Basis

The following table sets forth information regarding the Company’s financial assets and financial liabilities, excluding retirement and postretirement plan assets, measured at fair value on a recurring basis:

Description	July 2, 2023		Assets measured at NAV		Level 1		Level 2		Level 3
Hedge derivatives, net:
Commodity contracts	$	(287)	$	—	$	—	$	(287)	$	—
Foreign exchange contracts	$	4,525	$	—	$	—	$	4,525	$	—
Non-hedge derivatives, net:
Commodity contracts	$	(10,477)	$	—	$	—	$	(10,477)	$	—
Foreign exchange contracts	$	(591)	$	—	$	—	$	(591)	$	—
Description	December 31, 2022		Assets measured at NAV		Level 1		Level 2		Level 3
Hedge derivatives, net:
Commodity contracts	$	(172)	$	—	$	—	$	(172)	$	—
Foreign exchange contracts	$	(863)	$	—	$	—	$	(863)	$	—
Non-hedge derivatives, net:
Commodity contracts	$	(8,638)	$	—	$	—	$	(8,638)	$	—
Foreign exchange contracts	$	(54)	$	—	$	—	$	(54)	$	—
Interest rate lock contract	$	—	$	—	$	—	$	—	$	—