v3.26.1
Discontinued Operations (Tables)
 6 Months Ended
Jun. 28, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedules of Discontinued Operations The following table presents key components of “Net income from discontinued operations” for the three- and six-month periods ended June 29, 2025:
 Three Months EndedSix Months Ended
  
June 29, 2025June 29, 2025
Net sales$— $320,678 
Cost of sales— 250,854 
Gross profit— 69,824 
Selling, general and administrative expenses— 31,607 
Restructuring/Asset impairment charges, net— 426 
Gain on divestiture of business625,773 625,773 
Operating profit625,773 663,564 
Other income, net— 182 
Interest expense— 24,911 
Interest income— 281 
Income from discontinued operations before income taxes625,773 638,752 
Provision for income taxes201,225 209,032 
Net income from discontinued operations424,548 429,720 
Net income from discontinued operations attributable to noncontrolling interests— — 
Net income attributable to discontinued operations$424,548 $429,720 
Weighted average common shares outstanding:
Basic99,171 99,055 
Diluted99,539 99,453 
Per common share:
Net income attributable to discontinued operations:
Basic $4.28 $4.34 
Diluted $4.27 $4.32 

The following table presents significant cash flow items from discontinued operations for the six months ended June 29, 2025:
 Six Months Ended
  
June 29, 2025
Depreciation and amortization(a)
$(311)
Purchases of property, plant and equipment$(5,572)
(a) Subsequent to entering the agreement to sell TFP on December 8, 2024, in accordance with Accounting Standards Codification (“ASC”) 360, “Property, Plant, and Equipment,” depreciation was not recognized on TFP’s property, plant and equipment, and amortization was not recognized on TFP’s other intangible assets or right of use assets-operating leases.