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Financial instruments (Tables)
9 Months Ended
Sep. 26, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Values of Derivative Instruments Designated as Hedging Instruments
The following table presents the locations in the condensed consolidated balance sheet and fair value of derivative financial instruments as of September 26, 2021 and December 31, 2020:
September 26, 2021December 31, 2020
Asset derivatives:  
Designated foreign currency forward contracts$1,151 $1,691 
Non-designated foreign currency forward contracts60 61 
Cross-currency interest rate swaps25,684 20,106 
Prepaid expenses and other current assets26,895 21,858 
Total asset derivatives$26,895 $21,858 
Liability derivatives:  
Designated foreign currency forward contracts$687 $1,504 
Non-designated foreign currency forward contracts286 366 
Other current liabilities973 1,870 
Cross-currency interest rate swaps9,946 34,125 
Other liabilities9,946 34,125 
Total liability derivatives$10,919 $35,995 
Schedule of foreign exchange gains and losses recognized within AOCI and the interest benefit recognized within interest expense The following table summarizes the foreign exchange gains and losses recognized within AOCI and the interest benefit recognized within interest expense related to cross currency swap for the three and nine months ended September 26, 2021 and September 27, 2020:
Three Months EndedNine Months Ended
September 26, 2021September 27, 2020September 26, 2021September 27, 2020
Foreign exchange gains (losses) $8,873 $(23,172)$19,360 $(5,565)
Interest benefit4,756 4,684 13,882 14,488