v3.24.3
Financial instruments (Tables)
 9 Months Ended
Sep. 29, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
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 29, 2024 and October 1, 2023:
Three Months EndedNine Months Ended
September 29, 2024October 1, 2023September 29, 2024October 1, 2023
Foreign exchange (loss) gain
$(24,846)$15,756 $(10,656)$1,466 
Interest benefit4,031 5,171 12,031 15,459 
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 29, 2024 and December 31, 2023:
September 29, 2024December 31, 2023
Fair Value
Asset derivatives:
Designated foreign currency forward contracts$4,468 $1,629 
Non-designated foreign currency forward contracts263 937 
Cross-currency interest rate swaps15,702 16,883 
Prepaid expenses and other current assets20,433 19,449 
Total asset derivatives$20,433 $19,449 
Liability derivatives:  
Designated foreign currency forward contracts$10,075 $1,866 
Non-designated foreign currency forward contracts968 1,340 
Other current liabilities11,043 3,206 
Cross-currency interest rate swaps50,964 32,097 
Other liabilities50,964 32,097 
Total liability derivatives$62,007 $35,303