Tupperware Brands (TUPBQ) 10-Q 2 Nov 22 2022 Q3 Quarterly report Financial data

Cover

Cover - $ / shares	9 Months Ended
	Sep. 24, 2022	Oct. 31, 2022	Dec. 25, 2021
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 24, 2022
Document Transition Report	false
Entity File Number	1-11657
Entity Registrant Name	TUPPERWARE BRANDS CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-4062333
Entity Address, Address Line One	14901 South Orange Blossom Trail
Entity Address, City or Town	Orlando
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	32837
City Area Code	407
Local Phone Number	826-5050
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	TUP
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Common Stock, Par or Stated Value Per Share	$ 0.01		$ 0.01
Entity Central Index Key	0001008654
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false
Subsequent Event [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		44,478,026
Common Stock, Par or Stated Value Per Share		$ 0.01

Consolidated Statements of Inco

Consolidated Statements of Income (Loss) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 24, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021
Income Statement [Abstract]
Net sales	$ 302.8	$ 376.9	$ 991.3	$ 1,207.4
Cost of products sold	106.2	129	352	380
Gross profit	196.6	247.9	639.3	827.4
Selling, general and administrative expense	175.6	190.7	565.9	620.5
Re-engineering charges	4.5	1.8	13	9.7
Loss (gain) on disposal of assets	0.7	(1.7)	2.3	(8.9)
Operating income	15.8	57.1	58.1	206.1
Loss on debt extinguishment	0	0	0	8.1
Interest expense	8.3	8.2	18.9	29.7
Interest income	(1.3)	(0.3)	(3.2)	(0.9)
Other expense, net	1.6	1.2	6.6	0.8
Income from continuing operations before income taxes	7.2	48	35.8	168.4
Provision (benefit) for income taxes	11	(12.4)	32.6	32.2
Income from continuing operations	(3.8)	60.4	3.2	136.2
(Loss) income from operations of discontinued operations before gain (loss) on held for sale and income taxes	(0.7)	4.3	(6.2)	8.1
Gain (loss) on held for sale assets and dispositions	22.6	(148.1)	21.4	(147.1)
Provision for income taxes	1.3	2.7	0.5	2.4
Income (loss) on discontinued operations	20.6	(146.5)	14.7	(141.4)
Net income (loss)	$ 16.8	$ (86.1)	$ 17.9	$ (5.2)
Earnings Per Share [Abstract]
Basic (loss) earnings from continuing operations - per share	$ (0.09)	$ 1.22	$ 0.07	$ 2.75
Basic earnings (loss) from discontinued operations - per share	0.47	(2.97)	0.32	(2.85)
Basic earnings (loss) per share - Total	0.38	(1.75)	0.39	(0.10)
Diluted (loss) earnings from continuing operations - per share	(0.09)	1.14	0.07	2.56
Diluted earnings (loss) from discontinued operations - per share	0.47	(2.77)	0.30	(2.66)
Diluted earnings (loss) per share - Total	$ 0.38	$ (1.63)	$ 0.37	$ (0.10)
Basic weighted-average shares	44.5	49.4	46	49.5
Diluted weighted-average shares	44.5	52.8	49	53.1

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 24, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021
Net income (loss)	$ 16.8	$ (86.1)	$ 17.9	$ (5.2)
Other comprehensive (loss) income
Foreign currency translation adjustments	(32.9)	(2.9)	85.1	4.4
Deferred gain (loss) on cash flow hedges, net of tax	0.1	0.2	(0.1)	0.3
Pension and other post-retirement benefit, net of tax	0.9	1	0.8	3.1
Other comprehensive (loss) income	(31.9)	(1.7)	85.8	7.8
Total comprehensive (loss) income	$ (15.1)	$ (87.8)	$ 103.7	$ 2.6

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 24, 2022	Dec. 25, 2021
Assets
Cash and cash equivalents	$ 102.9	$ 267.2
Accounts receivable, net	71.9	86.2
Inventory, net	249.7	232.2
Non-trade accounts receivable, net	25.6	31.9
Prepaid expenses and other current assets	32.8	22.8
Current assets held for sale	0	7.9
Total current assets	482.9	648.2
Deferred tax assets, net	194.1	194.9
Property, plant and equipment, net	149.6	160.9
Operating lease right-of-use assets	70.2	74.7
Long-term receivables, net	3.5	7.7
Trade names, net	8.4	10.6
Goodwill	38.6	42.7
Other assets, net	106.3	97.2
Assets held for sale	0	18.5
Total assets	1,053.6	1,255.4
Liabilities And Shareholders' Equity
Accounts payable	108.6	123.3
Current debt and finance lease obligations	13	8.9
Accrued liabilities	246.5	287.9
Current liabilities held for sale	6.7	135.8
Total current liabilities	374.8	555.9
Long-term debt and finance lease obligations	687.8	700.5
Operating lease liabilities	51.9	57.3
Other liabilities	113.5	131
Liabilities held for sale	1	17.8
Total liabilities	1,229	1,462.5
Commitments and contingencies (Note 19)
Shareholders' equity (deficit):
Preferred Stock, Value, Issued	0	0
Common Stock, Value, Issued	0.6	0.6
Paid-in capital	207.4	216.9
Retained earnings	1,132.6	1,139.4
Treasury stock, 19,119,875 and 14,726,849 shares, respectively, at cost	(913.9)	(876.1)
Accumulated other comprehensive loss	(602.1)	(687.9)
Total shareholders' equity (deficit)	(175.4)	(207.1)
Total liabilities and shareholders' equity	$ 1,053.6	$ 1,255.4

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 24, 2022	Dec. 25, 2021
Statement of Financial Position [Abstract]
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	600,000,000	600,000,000
Common Stock, Shares, Issued	63,607,090	63,607,090
Treasury Stock, Shares	19,119,875	14,726,849

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Millions	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Retained Earnings	AOCI Attributable to Parent	Treasury Stock, Common
Treasury Stock, Shares							14,300,000
Beginning balance at Dec. 26, 2020	$ (204.7)	$ 0.6	$ (896.5)	$ 215.5	$ 1,161.6	$ (685.9)
Beginning balance (in shares) at Dec. 26, 2020		63,600,000
Net income (loss)	45.3				45.3
Other comprehensive income	5.3					5.3
Stock and options issued for incentive plans, shares							(300,000)
Stock and options issued for incentive plans	0.8		19.1	(0.2)	(18.1)
Ending balance at Mar. 27, 2021	(153.3)	$ 0.6	(877.4)	215.3	1,188.8	(680.6)
Ending balance (in shares) at Mar. 27, 2021		63,600,000
Beginning balance at Dec. 26, 2020	(204.7)	$ 0.6	(896.5)	215.5	1,161.6	(685.9)
Beginning balance (in shares) at Dec. 26, 2020		63,600,000
Net income (loss)	(5.2)
Other comprehensive income	7.8
Ending balance at Sep. 25, 2021	(223.3)	$ 0.6	(880.1)	218.5	1,115.8	(678.1)
Ending balance (in shares) at Sep. 25, 2021		63,600,000
Treasury Stock, Shares							14,000,000
Beginning balance at Mar. 27, 2021	(153.3)	$ 0.6	(877.4)	215.3	1,188.8	(680.6)
Beginning balance (in shares) at Mar. 27, 2021		63,600,000
Net income (loss)	35.6				35.6
Other comprehensive income	4.2					4.2
Stock and options issued for incentive plans, shares							(300,000)
Stock and options issued for incentive plans	0.7		22.1	0.9	(22.3)
Ending balance at Jun. 26, 2021	(112.8)	$ 0.6	(855.3)	216.2	1,202.1	(676.4)
Ending balance (in shares) at Jun. 26, 2021		63,600,000
Treasury Stock, Shares							13,700,000
Net income (loss)	(86.1)				(86.1)
Other comprehensive income	(1.7)					(1.7)
Repurchase of common stock	(25)		(25)
Repurchase of common stock (in shares)							1,000,000
Stock and options issued for incentive plans, shares							0
Stock and options issued for incentive plans	2.3		0.2	2.3	(0.2)
Ending balance at Sep. 25, 2021	$ (223.3)	$ 0.6	(880.1)	218.5	1,115.8	(678.1)
Ending balance (in shares) at Sep. 25, 2021		63,600,000
Treasury Stock, Shares							14,700,000
Treasury Stock, Shares	14,726,849						14,700,000
Beginning balance at Dec. 25, 2021	$ (207.1)	$ 0.6	(876.1)	216.9	1,139.4	(687.9)
Beginning balance (in shares) at Dec. 25, 2021		63,600,000
Net income (loss)	(0.1)				(0.1)
Other comprehensive income	14					14
Repurchase of common stock	(75)
Repurchase of common stock (in shares)							3,400,000
Repurchase of common stock			(56.2)	(18.8)
Stock and options issued for incentive plans, shares							(200,000)
Stock and options issued for incentive plans	2.1		16.8	(0.7)	(14)
Ending balance at Mar. 26, 2022	(266.1)	$ 0.6	(915.5)	197.4	1,125.3	(673.9)
Ending balance (in shares) at Mar. 26, 2022		63,600,000
Beginning balance at Dec. 25, 2021	(207.1)	$ 0.6	(876.1)	216.9	1,139.4	(687.9)
Beginning balance (in shares) at Dec. 25, 2021		63,600,000
Net income (loss)	17.9
Other comprehensive income	85.8
Ending balance at Sep. 24, 2022	(175.4)	$ 0.6	(913.9)	207.4	1,132.6	(602.1)
Ending balance (in shares) at Sep. 24, 2022		63,600,000
Treasury Stock, Shares							17,900,000
Beginning balance at Mar. 26, 2022	(266.1)	$ 0.6	(915.5)	197.4	1,125.3	(673.9)
Beginning balance (in shares) at Mar. 26, 2022		63,600,000
Net income (loss)	1.2				1.2
Other comprehensive income	103.7					103.7
Repurchase of common stock	0
Repurchase of common stock (in shares)							1,500,000
Repurchase of common stock			9.9	(9.9)
Stock and options issued for incentive plans, shares							(300,000)
Stock and options issued for incentive plans	2.1		10.6	1.4	(9.9)
Ending balance at Jun. 25, 2022	(159.1)	$ 0.6	(914.8)	208.7	1,116.6	(570.2)
Ending balance (in shares) at Jun. 25, 2022		63,600,000
Treasury Stock, Shares							19,100,000
Net income (loss)	16.8				16.8
Other comprehensive income	(31.9)					(31.9)
Stock and options issued for incentive plans, shares							0
Stock and options issued for incentive plans	(1.2)		0.9	(1.3)	(0.8)
Ending balance at Sep. 24, 2022	$ (175.4)	$ 0.6	$ (913.9)	$ 207.4	$ 1,132.6	$ (602.1)
Ending balance (in shares) at Sep. 24, 2022		63,600,000
Treasury Stock, Shares	19,119,875						19,100,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 24, 2022	Sep. 25, 2021
Operating Activities
Net income (loss)	$ 17.9	$ (5.2)
Less: (income) loss from discontinued operations	(14.7)	141.4
Income from continuing operations	3.2	136.2
Depreciation and amortization	28.9	29.2
Unrealized foreign exchange loss	0.8	0
Stock-based compensation	4.9	6.2
Amortization of deferred debt issuance costs	1.2	4.1
Loss (gain) on disposal of assets	1.6	(9.9)
Provision for credit losses	6.5	3.8
Loss on debt extinguishment	0	8.1
Write-down of inventories	5.1	9.2
Net change in deferred taxes	0.1	(37.5)
Net cash settlement from hedging activity	0.8	(4.2)
Other	(0.3)	(0.2)
Changes in assets and liabilities:
Accounts receivable	5.7	1.3
Inventories	(31.5)	(70.1)
Non-trade accounts receivable	(0.6)	(13.7)
Prepaid expenses and other current assets	(11.4)	(4.2)
Other assets	(8.1)	(0.9)
Accounts payable and accrued liabilities	(53.1)	(39)
Income taxes payable	(8.7)	(1.5)
Other liabilities	(10.9)	(13.3)
Net cash (used in) provided by operating activities	(65.8)	3.6
Investing Activities
Capital expenditures	(25.9)	(25.1)
Proceeds from disposal of assets	4.1	14.1
Net cash used in in investing activities	(21.8)	(11)
Financing Activities
Term loan repayment	7.1	101.2
Borrowings on revolver facility	209	0
Repayment of revolver facility	(188.2)	0
Net increase in short-term debt	(2)	(94.4)
Debt issuance costs payment	(1.4)	(2.2)
Finance lease repayments	1.7	1
Common stock repurchase	(75)	(25)
Cash payments of employee withholding tax for stock awards	(1.9)	(2.9)
Proceeds from exercise of stock options	0	0.5
Net cash used in financing activities	(64.3)	(37.4)
Discontinued Operations
Cash (used in) provided by operating activities	(4.8)	2.7
Cash provided by investing activities	6.9	30.5
Cash provided by discontinued operations	2.1	33.2
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(12.4)	(6.4)
Net change in cash, cash equivalents and restricted cash	(162.2)	(18)
Cash, cash equivalents and restricted cash at beginning of year	273.8	150.5
Cash, cash equivalents and restricted cash at end of period	$ 111.6	$ 132.5

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Millions	Sep. 24, 2022	Sep. 25, 2021
Statement of Cash Flows [Abstract]
Cash and cash equivalents from discontinued operations	$ 0	$ 0.7

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 24, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The Condensed Consolidated Financial Statements include the accounts of Tupperware Brands Corporation and its subsidiaries, collectively the “Company” or “Tupperware”, with all intercompany transactions and balances having been eliminated. The Company prepared the unaudited Condensed Consolidated Financial Statements in accordance with United States generally accepted accounting principles (“GAAP”) and the rules and regulations of the United States Securities and Exchange Commission (“SEC”) and, in the Company's opinion, reflect all adjustments, including normal recurring items that are necessary for a fair statement of results of operations, comprehensive income, financial position, equity and cash flows for the periods presented. Certain information and note disclosures normally included in the financial statements prepared in conformity with GAAP for complete financial statements have been condensed or omitted as permitted by such rules and regulations. As such, the accompanying unaudited Condensed Consolidated Financial Statements and related notes should be read in conjunction with the audited 2021 Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 25, 2021. Operating results of any interim period presented herein are not necessarily indicative of the results that may be expected for a full fiscal year. Out-of-Period Misstatements In the third quarter of 2022, the Company recorded an out-of-period adjustment to income tax expense which resulted in a $1.3 million decrease in income from continuing operations. This error resulted from intercompany costs which were allocated to an incorrect legal entity resulting in a net understatement of income tax expense for the entities. The Company has recorded an aggregate net $2.6 million decrease in income from continuing operations in the year-to-date period ended September 24, 2022, composed of the above-referenced adjustment and three other adjustments identified in the second quarter of 2022. Management has determined that these errors were not material to any of its previously issued financial statements individually or in the aggregate. Discontinued Operations Discontinued operations include certain key brands of the Company’s beauty business, including House of Fuller, Nutrimetics, Nuvo, and Avroy Shlain. Avroy Shlain was sold in the first quarter of 2021, House of Fuller Mexico was sold in the second quarter of 2022, and, as noted in Note 13: Held for Sale Assets and Discontinued Operations, Nutrimetics was sold on July 1, 2022. The Company is currently in discussions with a potential buyer for Nuvo with the intention of having a deal signed and completed in the fourth quarter of 2022. In the third quarter of 2021, the Company determined that these dispositions represented a strategic shift that would have a major effect on its results of operations. As such, the results of the beauty business are reflected as discontinued operations including all comparative prior period information in these Condensed Consolidated Financial Statements. Certain costs previously allocated to the beauty business for segment reporting purposes do not qualify for classification within discontinued operations and have been reallocated to continuing operations. See Note 13: Held for Sale Assets and Discontinued Operations, for additional information. Use of Estimates The preparation of Condensed Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the Condensed Consolidated Financial Statements, as well as the reported amounts of net sales and expenses during the reporting period. Actual results could differ materially from these estimates. Economic Uncertainties For the third quarter ended September 24, 2022, the Company's business activities continued to be impacted by the Coronavirus pandemic (“COVID-19”), most notably in China, where lockdowns persist. In addition, the Company's business activities, particularly in Europe, continued to experience volatility and were impacted by lower consumer sentiment and increased cost of energy. Inflation has increased globally resulting in less disposable income for consumers and lower consumer sentiment. The U.S. dollar has strengthened against the Euro, Japanese Yen, and other currencies. This continues to be a headwind for the Company as its foreign denominated revenues are translated into USD at lower exchange rates negatively impacting results.As a result, many of the Company's estimates and assumptions require increased judgment and carry a higher degree of variability and volatility. As events continue to evolve and additional information becomes available, the Company's estimates may change materially in future periods. Equity On February 28, 2022, the Company entered into an Accelerated Share Repurchase (“ASR”) agreement with Wells Fargo Bank, National Association (“Wells Fargo”), under which the Company paid $75.0 million and received an initial share delivery of 3,438,264 shares of the Company's outstanding common stock, which were immediately retired. The initial number of shares received was calculated as 75% of the $75.0 million divided by the price of the Company's common stock on February 25, 2022 of $16.36. On May 27, 2022, pursuant to the terms of the ASR agreement, Wells Fargo elected to accelerate the settlement date of the ASR and the Company received the remaining settlement of 1,438,325 shares, which were immediately retired. The number of shares received was calculated by taking the initial $75.0 million divided by the price of the variable weighted average price (“VWAP”) of the Company's share price during the duration of the ASR of $15.38, less the number of shares received at the beginning of the ASR. New Accounting Pronouncements Standards Recently Adopted In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” (“ASU 2020-04”), an optional guidance for a limited period of time to ease the transition from the London interbank offered rate (“LIBOR”) to an alternative reference rate. The ASU intends to address certain concerns relating to accounting for contract modifications and hedge accounting. These optional expedients and exceptions to applying GAAP, assuming certain criteria are met, are allowed through December 31, 2022. The amendments should be applied on a prospective basis. In addition, the FASB also issued ASU 2021-01, “Reference Rate Reform (Topic 848): Scope” (“ASU 2021-01”) to refine the scope of ASC 848, “Reference Rate Reform” (“ASC 848”) and ASU 2020-04 in response to Reference Rate Reform in January 2021. ASU 2021-01 adds guidance to clarify which optional expedients in ASC 848 may be applied to derivative instruments that do not reference LIBOR or a reference rate that will be discontinued, but are modified as a result of the discontinuing transition. This guidance was effective upon issuance through December 31, 2022. The Company adopted this guidance during the third quarter of 2022 and the adoption did not have any material impact on its Consolidated Financial Statements.

Distribution Costs

Distribution Costs	9 Months Ended
	Sep. 24, 2022
Distribution Costs [Abstract]
Distribution Costs	Note 2: Distribution Costs The cost of products sold line item includes costs related to the purchase and manufacturing of goods sold by the Company. Among these costs are inbound freight charges, duties, purchasing and receiving costs, inspection costs, depreciation expense, internal transfer costs and warehousing costs of raw materials, work in process and packing materials. The warehousing and distribution costs of finished goods are included in the selling, general and administrative expense line item. Distribution costs are comprised of outbound freight and associated labor costs. Fees billed to customers associated with the distribution of products are classified as revenue. Distribution costs were: 13 weeks ended 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, September 24, September 25, Distribution costs $ 26.7 $ 32.5 $ 91.3 $ 113.2

Promotional Costs

Promotional Costs	9 Months Ended
	Sep. 24, 2022
Promotional Costs [Abstract]
Promotional Costs	Note 3: Promotional Costs The Company frequently makes promotional offers to members of its independent sales force to encourage them to fulfill specific goals or targets for other activities. These activities are ancillary to the Company’s business, but considered separate and distinct services from sales, which are measured by defined group/team sales levels, party attendance, addition of new sales force members, or other business-critical functions. The awards offered are in the form of product awards, special prizes, or trips. Programs are generally designed to recognize sales force members for achieving a primary objective. An example is holding a certain number of product demonstrations. In this situation, the Company offers a prize to sales force members who achieve the targeted number of product demonstrations over a specified period. The period runs from weeks to several months. The prizes are generally graded, in that meeting one level may result in receiving a piece of jewelry, with higher achievement resulting in more valuable prizes such as a television or a trip. Similar programs are designed to reward current sales force members who reach certain goals by promoting them to a higher level in the organization where their earning opportunity would be expanded, and they would take on additional responsibilities for adding new sales force members and providing training and motivation to new and existing sales force members. Other business drivers, such as scheduling product demonstrations, increasing the number of sales force members, holding product demonstrations, or increasing end consumer attendance at product demonstrations, may also be the focus of a program. The Company also offers commissions for achieving targeted sales levels. These types of awards are generally based upon the sales achievement of at least a mid-level member of the sales force, and her or his down-line members. The down-line consists of those sales force members who have been directly added to the sales force by a given sales force member, as well as those added by her or his down-line member. In this manner, sales force members can build an extensive organization over time if they are committed to adding and developing their units. In addition to the commission, the positive performance of a unit may also entitle its leader to the use of a Company-provided vehicle and in some cases, the permanent awarding of a vehicle. Similar to the prize programs noted earlier, these programs generally offer varying levels of vehicles that are dependent upon performance. The Company accrues for the costs of these awards during the period over which the sales force qualifies for the award and reports these costs primarily as a component of selling, general and administrative expense. These accruals require estimates as to the cost of the awards, based upon estimates of achievement and actual cost to be incurred. During the qualification period, actual results are monitored and changes to the original estimates are made when known. Promotional costs were: 13 weeks ended 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, September 24, September 25, Promotional costs $ 41.6 $ 51.9 $ 138.9 $ 184.6

Incentive Compensation Plans

Incentive Compensation Plans	9 Months Ended
	Sep. 24, 2022
Share-based Payment Arrangement [Abstract]
Incentive Compensation Plans	Note 4: Incentive Compensation Plans Stock Options Stock option activity for 2022, under all of the Company's incentive plans, is summarized in the following table: Stock Options Weighted Average Aggregate Intrinsic Value Outstanding at December 25, 2021 3,233,672 $ 40.41 $ 12.6 Expired / Forfeited (479,248) 52.80 Outstanding at September 24, 2022 2,754,424 $ 38.25 $ 5.0 Exercisable at September 24, 2022 1,754,424 $ 58.57 $ — Market and Performance Awards, Restricted Stock and Restricted Stock Units The Company also grants restricted stock, restricted stock units, performance-vested awards, and market-vested awards to employees and directors, which typically have initial vesting periods ranging from one year to three years. The activity for such awards in 2022 is summarized in the following table: Shares Weighted Outstanding at December 25, 2021 4,500,211 $ 5.71 Time-vested shares granted 1,209,268 11.49 Performance and market shares granted 694,904 13.16 Performance share adjustments (636,549) 14.74 Vested (502,767) 9.89 Forfeited (816,567) 10.86 Outstanding at September 24, 2022 4,448,500 $ 5.77 Stock-based compensation expense was: 13 weeks ended 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, September 24, September 25, Stock options $ 0.1 $ 0.1 $ 0.3 $ 0.4 Time, performance, and market vested share awards $ (1.1) $ 2.2 $ 4.6 $ 5.8 Unrecognized stock-based compensation expense and the weighted average years to recognize the unrecognized stock-based compensation was as follows: As of (In millions of U.S. Dollars) September 24, Unrecognized stock-based compensation expense $ 16.1 Weighted average years to recognize the unrecognized stock-based compensation 2.5 years Under the Company's stock incentive programs, in certain jurisdictions, employees are allowed to use shares retained by the Company to satisfy minimum statutorily required withholding taxes. Shares retained to fund withholding taxes and the value of shares retained to fund withholding taxes was as follows: 39 weeks ended (In millions of U.S. Dollars, except share amounts) September 24, September 25, Shares retained to fund withholding taxes 105,655 102,019 Value of shares retained to fund withholding taxes $ 1.9 $ 2.9

Re-engineering Charges

Re-engineering Charges	9 Months Ended
	Sep. 24, 2022
Restructuring Charges [Abstract]
Re-engineering Charges	Note 5: Re-engineering Charges Re-engineering charges are mainly related to the “Turnaround Plan” which was launched in mid-2020 under the new leadership. The key elements of the Turnaround Plan include: increasing the Company's right-sizing plans to improve profitability, accelerating the divestiture of non-core assets to strengthen the balance sheet, restructuring the Company’s debt to enhance liquidity, and structurally fixing the Company’s core business to create a more sustainable business model. Re-engineering charges are primarily related to severance costs, outside consulting services, and facility costs. The Company expects re-engineering expenses to continue this year and next year related to the Turnaround Plan. Total charges incurred to date related to the Turnaround Plan are approximately $56.0 million, including $48.7 million related to severance charges, and $7.3 million related to other charges, primarily consulting costs. The Company expects to incur $20.0 million to $30.0 million of Turnaround Plan charges in 2022. Turnaround Plan charges for 2023 have not yet been approved by Board of Directors. Re-engineering charges were: 13 weeks ended 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, September 24, September 25, Turnaround plan $ 4.5 $ 1.6 $ 13.0 $ 8.2 Other — 0.2 — 1.5 Total re-engineering charges $ 4.5 $ 1.8 $ 13.0 $ 9.7 Total re-engineering charges by segments Total re-engineering charges by segment were: 13 weeks ended 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, September 24, September 25, Asia Pacific 0.4 0.5 0.7 2.1 Europe 0.7 1.1 5.2 4.0 North America — 0.3 — 1.7 South America (0.1) — 0.2 0.2 Corporate 3.5 (0.1) 6.9 1.7 Total re-engineering charges by segment $ 4.5 $ 1.8 $ 13.0 $ 9.7 The balance included in accrued liabilities related to the Turnaround Plan was: As of (In millions of U.S. Dollars) September 24, December 25, Beginning balance $ 12.9 $ 18.7 Provision 13.0 14.8 Currency translation adjustment (0.5) (0.4) Cash expenditures: Severance (9.9) (12.7) Other (0.7) (7.5) Ending balance $ 14.8 $ 12.9

Income Taxes

Income Taxes	9 Months Ended
	Sep. 24, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Note 6: Income Taxes The effective tax rate was: 13 weeks ended 39 weeks ended September 24, September 25, September 24, September 25, Effective tax rate 152.8 % (25.8) % 91.1 % 19.1 % The change in the effective tax rate for the third quarter of 2022 as compared to the third quarter of 2021, was primarily due to: • a non-recurring favorable impact from a tax policy change elected in the prior year related to a tax method change for certain direct and indirect costs of inventory and self-constructed assets under Internal Revenue Code (IRC) Section 263A, • an unfavorable jurisdictional mix of earnings, significantly impacted by the marginal pre-tax earnings in the third quarter of 2022, • negative impact of the Global Intangible Low Taxed Income (GILTI) regime, which results in a reduction of benefits on domestic losses, • additional valuation allowance on disallowed interest expense due to the change in IRC Section 163(j) rules from EBITDA to EBIT. The Company maintains a full valuation allowance on deferred tax assets for interest carryforwards, and • as described in Note 1: Summary of Significant Accounting Policies, the Company recorded an out-of-period adjustment to income tax expense during the third quarter of 2022 which resulted in a $1.3 million decrease in income from continuing operations. This error resulted from intercompany costs which were allocated to an incorrect legal entity resulting in a net understatement of income tax expense for the two entities. On August 16, 2022, President Biden signed the Inflation Reduction Act (the “IRA) into law, which includes implementation of a new alternative minimum tax, a nondeductible excise tax on stock buybacks and significant tax incentives for energy and climate initiatives, among other provisions. The Company has evaluated the various provisions of the IRA and has determined there are no material impacts on its operations or reporting requirements. There was no change in the third quarter of 2022 to the uncertain tax position reserves. In the normal course of business, the Company is subject to examination by taxing authorities throughout the world. The Company is currently under examination or contesting proposed adjustments by various state and international tax authorities for fiscal years ranging from 2004 through 2020. While the Company does not currently expect material changes, it is reasonably possible that the conclusion of, or new developments in, audits in foreign jurisdictions could impact the Company's assessment relative to the establishment of valuation allowances against certain existing deferred tax assets. An estimate of the range of possible changes cannot be made for remaining unrecognized tax benefits because of the significant number of jurisdictions in which the Company does business and the number of open tax periods.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 24, 2022
Earnings Per Share [Abstract]
Net Income Per Common Share	Note 7: Earnings Per Share Basic earnings (loss) per share - Total is calculated by dividing net income (loss) by the basic weighted-average shares. Diluted earnings (loss) per share - Total is calculated by also considering the impact of dilutive securities such as stock options, restricted shares, restricted stock units and performance share units on both net income (loss) and the basic weighted-average shares. In the third quarter of 2022, the dilutive impact of outstanding stock options, restrictive stock units, and performance and market based shares were excluded from dilutive shares as a result of the Company's (Loss) income from continuing operations as their inclusion would have been anti-dilutive. The elements of the earnings per share computations were as follows: 13 weeks ended 39 weeks ended (In millions of U.S. Dollars, except per share amounts) September 24, September 25, September 24, September 25, (Loss) income from continuing operations $ (3.8) $ 60.4 $ 3.2 $ 136.2 Income (loss) on discontinued operations $ 20.6 $ (146.5) $ 14.7 $ (141.4) Net income (loss) $ 16.8 $ (86.1) $ 17.9 $ (5.2) Basic weighted-average shares 44.5 49.4 46.0 49.5 Effect of dilutive securities — 3.4 3.0 3.6 Diluted weighted-average shares 44.5 52.8 49.0 53.1 Basic (loss) earnings from continuing operations - per share $ (0.09) $ 1.22 $ 0.07 $ 2.75 Basic earnings (loss) from discontinued operations - per share $ 0.47 $ (2.97) $ 0.32 $ (2.85) Basic earnings (loss) per share - Total $ 0.38 $ (1.75) $ 0.39 $ (0.10) Diluted (loss) earnings from continuing operations - per share $ (0.09) $ 1.14 $ 0.07 $ 2.56 Diluted earnings (loss) from discontinued operations - per share $ 0.47 $ (2.77) $ 0.30 $ (2.66) Diluted earnings (loss) per share - Total $ 0.38 $ (1.63) $ 0.37 $ (0.10) Excluded anti-dilutive shares 2.5 2.4 2.6 2.6

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 24, 2022
Accumulated Other Comprehensive Loss [Abstract]
Accumulated Other Comprehensive Loss	Note 8: Accumulated Other Comprehensive Loss The change in accumulated other comprehensive loss was as follows: (In millions of U.S. Dollars, net of tax) Foreign Currency Items (a), (d) Cash Flow Hedges (b) Pension and Other Post-retirement Items (c) Total Balance at December 25, 2021 $ (664.5) $ 0.2 $ (23.6) $ (687.9) Other comprehensive (loss) income before reclassifications (17.5) 0.5 0.4 (16.6) Amounts reclassified from accumulated other comprehensive loss 102.6 (0.6) 0.4 102.4 Other comprehensive income (loss) 85.1 (0.1) 0.8 85.8 Balance at September 24, 2022 $ (579.4) $ 0.1 $ (22.8) $ (602.1) ____________________ (a) Foreign currency amounts reclassified from accumulated other comprehensive loss impact the other expense, net, other than amounts related to the disposal of House of Fuller Mexico and Nutrimetics described in (d) below. (b) Cash flow hedge amounts reclassified from accumulated other comprehensive loss impact the cost of products sold line item in the Condensed Consolidated Statements of Income. See additional information for cash flow hedges at Note 14: Derivative Financial Instruments and Hedging Activities. (c) See additional information for pension and other post-retirement items at Note 17: Retirement Benefit Plans. (d) Ending balance reflects $132.7 million of accumulated foreign currency losses that were reclassified out as a result of the disposal of the House of Fuller Mexico entity. The loss was fully reserved and recorded as a loss in discontinued operations in 2021. This is partially offset by $30.1 million of accumulated foreign currency gains that were reclassified as a result of the disposal of Nutrimetics. For more information see Note 13: Held for Sale Assets and Discontinued Operations. (In millions of U.S. Dollars, net of tax) Foreign Currency Items (a) Cash Flow Hedges (b) Pension and Other Post-retirement Items (c) Total Balance at December 26, 2020 $ (648.4) $ 0.2 $ (37.7) $ (685.9) Other comprehensive income before reclassifications 4.4 0.5 0.4 5.3 Amounts reclassified from accumulated other comprehensive loss — (0.2) 2.7 2.5 Other comprehensive income 4.4 0.3 3.1 7.8 Balance at September 25, 2021 $ (644.0) $ 0.5 $ (34.6) $ (678.1) ____________________ (a) Foreign currency amounts reclassified from accumulated other comprehensive income (loss) impact the other expense, net line item in the Condensed Consolidated Statements of Income. (b) Cash flow hedge amounts reclassified from accumulated other comprehensive income (loss) impact the cost of products sold line item in the Condensed Consolidated Statements of Income (Loss). See additional information for cash flow hedges at Note 14: Derivative Financial Instruments and Hedging Activities. (c) See additional information for pension and other post-retirement items at Note 17: Retirement Benefit Plans. Amounts reclassified from accumulated other comprehensive loss that related to cash flow hedges consisted of: 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, Cash flow hedge (gains) losses $ (0.8) $ 0.2 Tax provision 0.2 — Amounts reclassified from accumulated other comprehensive loss for cash flow hedges $ (0.6) $ 0.2 Amounts reclassified from accumulated other comprehensive loss related to pension and other post-retirement items consisted of: 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, Prior service (benefit) costs $ (0.5) $ 0.4 Settlements gains — (1.4) Actuarial losses (gains) 1.2 (2.6) Tax (benefit) provision (0.3) 0.9 Amounts reclassified from accumulated other comprehensive loss related to pension and other post-retirement items $ 0.4 $ (2.7)

Cash, Cash Equivalents, and Res

Cash, Cash Equivalents, and Restricted Cash	9 Months Ended
	Sep. 24, 2022
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents Disclosure	Note 9: Cash, Cash Equivalents and Restricted Cash The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. Cash and cash equivalents include time deposits, certificates of deposit, or similar instruments. Any funds that the Company is legally restricted to withdraw, including compensating balances, are classified as restricted cash. Restricted cash is recorded in prepaid expenses and other current assets and in the other assets, net line items in the Condensed Consolidated Balance Sheet. A reconciliation of the Company’s cash and cash equivalents in the Condensed Consolidated Balance Sheet to cash, cash equivalents, and restricted cash at end of period in the Condensed Consolidated Statement of Cash Flows is as follows: As of (In millions of U.S. Dollars) September 24, December 25, Cash and cash equivalents $ 102.9 $ 267.2 Restricted cash 8.7 6.6 Cash, cash equivalents and restricted cash at end of period $ 111.6 $ 273.8

Accounts Receivable

Accounts Receivable	9 Months Ended
	Sep. 24, 2022
Receivables [Abstract]
Accounts Receivable	Note 10: Accounts Receivable The accounts receivable and allowance for credit losses balance was: As of (In millions of U.S. Dollars) September 24, December 25, Accounts receivable $ 93.6 $ 117.3 Allowance for credit losses (21.7) (31.1) Accounts receivable, net $ 71.9 $ 86.2

Inventories

Inventories	9 Months Ended
	Sep. 24, 2022
Inventory, Net [Abstract]
Inventories	Note 11: Inventories Inventories balance net of any inventory allowance was: As of (In millions of U.S. Dollars) September 24, December 25, Finished goods $ 183.2 $ 181.2 Work in process 35.8 28.4 Raw materials and supplies 30.7 22.6 Inventory, net $ 249.7 $ 232.2

Long-Term Receivables

Long-Term Receivables	9 Months Ended
	Sep. 24, 2022
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Long-Term Receivables	Note 12: Long-Term Receivables The long-term receivables and allowance for long-term receivables balance was as follows: As of (In millions of U.S. Dollars) September 24, Long-term receivables, gross $ 27.7 Beginning balance for allowance for long-term receivables $ (25.6) Write-offs — Recoveries 0.1 Provision (1.7) Currency translation adjustment 3.0 Allowance for long-term receivables $ (24.2) Long-term receivables, net $ 3.5

Held for Sale Assets and Discon

Held for Sale Assets and Discontinued Operations	9 Months Ended
	Sep. 24, 2022
Discontinued Operations and Disposal Groups [Abstract]
Held for Sale Assets and Discontinued Operations	Held for Sale Assets and Discontinued Operations Discontinued operations include certain key brands of the Company’s beauty business including Avroy Shlain, House of Fuller, Nutrimetics, and Nuvo. Avroy Shlain was sold in the first quarter of 2021 and House of Fuller Mexico was sold on May 4, 2022. On July 1, 2022 the Company closed on the sale of its Nutrimetics beauty business. The Company is currently in discussions with a potential buyer for Nuvo with the intention of having a deal signed and completed in the fourth quarter of 2022. In the third quarter of 2021, the Company had determined that these dispositions represented a strategic shift that would have a major effect on its results of operations. As such, reflected below are the results of the beauty business as discontinued operations including all comparative prior period information in these Condensed Consolidated Financial Statements. Certain costs previously allocated to the beauty business for segment reporting purposes do not qualify for classification within discontinued operations and have been reallocated to continuing operations. For the year ended December 25, 2021, the Company recognized a loss on the classification of held for sale assets of House Fuller, Nutrimetics, and Nuvo of $133.5 million based on total expected proceeds less costs to sell. The loss primarily related to currency translation losses of $140.9 million which was in accumulated other comprehensive income. In connection with the loss, the Company recorded a contra-asset and liability on the balance sheet. Approximately $133.0 million of currency translation losses and $30.1 million of currency translation gains in accumulated other comprehensive income and the equivalent amount of the contra-asset liability were derecognized and removed from the balance sheet in the second quarter of 2022 and third quarter of 2022 upon the completion of the sale of House of Fuller Mexico and Nutrimetics, respectively. Financial Information of Discontinued Operations The results of operations are presented as discontinued operations as summarized below: 13 weeks ended 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, September 24, September 25, Net sales $ 3.1 $ 45.2 $ 62.7 $ 139.7 Cost of products sold 1.3 16.9 24.4 51.6 Gross profit $ 1.8 $ 28.3 $ 38.3 $ 88.1 Selling and administrative expenses 2.6 23.5 43.6 77.9 Re-engineering charges — 0.1 0.4 0.1 Other (income) expense ,net (0.1) 0.4 0.5 2.0 (Loss) income from operations of discontinued operations before tax $ (0.7) $ 4.3 $ (6.2) $ 8.1 Gain (loss) on disposal of assets 22.6 (148.1) $ 21.4 $ (147.1) Income (loss) from discontinued operations before income taxes $ 21.9 $ (143.8) $ 15.2 $ (139.0) Provision for income taxes 1.3 2.7 0.5 2.4 Net Income (loss) from discontinued operations $ 20.6 $ (146.5) $ 14.7 $ (141.4) The carrying amount of major classes of assets and liabilities classified as held for sale that were included in discontinued operations at September 24, 2022 and December 25, 2021 are shown in the table below. As of (In millions of U.S. Dollars) September 24, December 25, Assets Cash and cash equivalents $ — $ 0.2 Accounts receivable, net 2.9 14.9 Inventory, net 4.0 25.8 Non-trade accounts receivable, net — 2.2 Prepaid expenses and other current assets 0.5 1.5 Accumulated translation adjustment losses, current (7.4) (36.7) Total assets of discontinued operations - current $ — $ 7.9 Deferred tax assets, net — 6.2 Property, plant and equipment, net 0.8 7.8 Operating lease assets 1.8 11.1 Trade names, net — 6.7 Goodwill 1.9 1.7 Other assets, net — 2.7 Accumulated translation adjustment losses (4.5) (17.7) Assets held for sale $ — $ 18.5 Total assets of discontinued operations $ — $ 26.4 Liabilities Accounts payable $ 1.3 $ 17.0 Accrued liabilities 1.5 30.5 Accumulated translation adjustment losses, current 3.9 88.3 Total liabilities of discontinued operations - current $ 6.7 $ 135.8 Operating lease liabilities 1.0 8.6 Other liabilities — 9.2 Liabilities held for sale $ 1.0 $ 17.8 Total liabilities of discontinued operations $ 7.7 $ 153.6

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	9 Months Ended
	Sep. 24, 2022
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
Derivative Instruments and Hedging Activities	Note 14: Derivative Financial Instruments and Hedging Activities The Company is exposed to fluctuations in foreign currency exchange rates on the earnings, cash flows, and financial position of its international operations. Although this currency risk is partially mitigated by the natural hedge arising from the Company’s local manufacturing in many markets, a strengthening United States Dollar generally has a negative impact on the Company's financial results. In response, the Company uses financial instruments to hedge certain of its exposures and to manage the foreign exchange impact to its financial statements. At its inception, a derivative financial instrument is designated as a fair value, cash flow, or net investment hedge. Fair Value Hedges Fair value hedges are entered into with financial instruments such as forward contracts, with the objective of limiting exposure to certain foreign exchange risks primarily associated with accounts payable and non-permanent intercompany transactions. For derivative instruments that are designated and qualify as fair value hedges, the gain or loss on the derivative, as well as the offsetting gain or loss on the hedged item attributable to the hedged risk, are recognized in current earnings. The change in fair value of hedged items results in adjustments to their carrying amounts as follows: 13 weeks ended 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, September 24, September 25, (Loss) income on fair value hedges $ (0.2) $ 1.8 $ (1.8) $ 4.1 Cash Flow Hedges The Company also uses derivative financial instruments to hedge foreign currency exposures resulting from certain forecasted transactions or purchases and classifies these as cash flow hedges. The majority of cash flow hedge contracts that the Company enters into relate to inventory purchases or intercompany dividends. At initiation, the Company’s cash flow hedge contracts are generally for periods ranging from one month to fifteen months. The portion of the gain or loss included in the assessment of hedge effectiveness is recorded in other comprehensive (loss) income and is reclassified into earnings through the same line item as the transaction being hedged at the time the hedged transaction impacts earnings. As such, the balance at the end of the current reporting period in other comprehensive (loss) income, related to cash flow hedges, will generally be reclassified within the next twelve months. The associated asset or liability on the open hedges is recorded in other current assets or accrued liabilities, as applicable. Changes in fair value, net of tax recorded in, or reclassified into, other comprehensive (loss) income was as follows: 13 weeks ended 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, September 24, September 25, Pre-tax (loss) income recorded in other comprehensive (loss) income $ (0.5) $ 0.2 $ 1.1 $ 0.6 Pre-tax (loss) income reclassified into income from other comprehensive (loss) income $ (0.7) $ — $ 0.9 $ — Net Investment Hedges The Company uses derivative financial instruments, such as forward contracts and certain Euro denominated intercompany borrowings to hedge a portion of its net equity investment in international operations and designates these as net investment hedges. Changes in the value of these financial instruments are included in foreign currency translation adjustments within accumulated other comprehensive loss . Due to the permanent nature of the investments, the Company does not anticipate reclassifying any portion of these amounts to the income statement in the next twelve months. Changes in fair value, net of tax, recorded in other comprehensive (loss) income and the pre-tax income on forward points was as follows: 13 weeks ended 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, September 24, September 25, Pre-tax income (loss) recorded in other comprehensive (loss) income $ 11.7 $ (4.0) $ 23.2 $ (4.9) Notional Value The Company considers the total notional value of its forward contracts as the best measure of the volume of derivative transactions. The notional value of forward contracts to purchase and sell currencies was: As of (In millions of U.S. Dollars) September 24, December 25, 2021 Notional value of forward contracts to purchase currencies $ 171.0 $ 96.4 Notional value of forward contracts to sell currencies $ 170.3 $ 99.2 The notional value of largest outstanding positions to purchase and sell currencies was: As of (In millions of U.S. Dollars) September 24, Purchase Indonesian Rupiah $ 89.3 Purchase Mexican Pesos $ 53.8 Purchase Euros $ 11.4 Sell Swiss Francs $ 57.3 As of (In millions of U.S. Dollars) December 25, 2021 Purchase Japanese Yen $ 14.3 Purchase United States Dollars $ 63.1 Sell Swiss Francs $ 32.6 Sell Euros $ 35.7 Fair Value Measurement Fair values of the Company's derivative positions were determined based on third party quotations (Level 2 fair value measurement). The following table summarizes the Company's derivative positions, which are the only assets and liabilities recorded at fair value on a recurring basis: As of Derivatives designated as hedging instruments ( in millions ) Balance sheet location September 24, December 25, 2021 Derivative assets: Foreign exchange contracts Non-trade accounts receivable, net $ 1.3 $ 8.5 Derivative liabilities: Foreign exchange contracts Accrued liabilities $ (1.3) $ (7.3) The Company's theoretical credit risk for each foreign exchange contract is its replacement cost, but management believes that the risk of incurring credit losses is remote and such losses, if any, would not be material. The Company is also exposed to market risk on its derivative instruments due to potential changes in foreign exchange rates; however, such market risk would be fully offset by changes in the valuation of the underlying items being hedged. For all outstanding derivative instruments, the net accrued gain or loss was recorded either in non-trade accounts receivable, net or accrued liabilities, depending upon the net position of the individual contracts. The gain or loss amounts change based upon the Company's outstanding exposure to fair value fluctuations. The Company has an accounting policy to present derivative assets and derivative liabilities on a gross basis. Including the effect of master netting arrangements that provide a right of offset upon default of the counterparty, the Company’s net derivative position amounts were: As of (In millions of U.S. Dollars) September 24, 2022 December 25, 2021 Net derivative asset $ 0.1 $ 1.2

Deferred Revenue

Deferred Revenue	9 Months Ended
	Sep. 24, 2022
Revenue Recognition and Deferred Revenue [Abstract]
Deferred Revenue Disclosure	Note 15: Deferred Revenue Deferred revenue is recorded in the accrued liabilities line item in the Condensed Consolidated Balance Sheets. Deferred revenue balance, which was primarily related to payments received in advance for orders not yet shipped, was as follows: As of (In millions of U.S. Dollars) September 24, December 25, Deferred revenue $ 8.2 $ 4.5

Debt

Debt	9 Months Ended
	Sep. 24, 2022
Debt Disclosure [Abstract]
Debt	Debt The debt portfolio consisted of: As of (In millions of U.S. Dollars) September 24, December 25, 2021 Term loan $ 369.2 $ 398.5 Revolver facility 332.8 312.0 Finance leases — 1.8 Line of credit 2.0 — Unamortized debt issuance costs (3.2) (2.9) Total debt $ 700.8 $ 709.4 Current debt and finance lease obligations $ 13.0 $ 8.9 Long-term debt and finance lease obligations 687.8 700.5 Total debt $ 700.8 $ 709.4 Credit Agreement On November 23, 2021, the Company and its wholly owned subsidiaries, Tupperware Products AG, Administradora Dart, S. de R.L. de C.V., and Tupperware Brands Asia Pacific Pte. Ltd. (the “Subsidiary Borrowers”), entered into a credit agreement (as amended from time to time, the “Credit Agreement”) with Wells Fargo Bank, N.A. as administrative agent (the “Administrative Agent”), swingline lender, and issuing bank; Wells Fargo Securities, LLC, BMO Capital Markets Corp., Fifth Third Bank, and Truist Securities Inc. as joint lead arrangers and joint bookrunners; and BMO Harris Bank, N.A, Fifth Third Bank, National Association, and Truist Bank, as syndication agents. The Credit Agreement provides for (i) a revolving credit facility (“Revolver Facility”) in an aggregate principal amount available to the Company and the Subsidiary Borrowers of up to $480.0 million, (ii) a term facility available to the Company in U.S. dollars in an aggregate principal amount of $200.0 million (“USD Term Loan”) and (iii) a term facility available to the Company or the Swiss subsidiary borrower in Euros in an aggregate principal amount of €176.0 million, (“Euro Term Loan”). The USD Term Loan and Euro Term Loan are collectively defined as the “Term Loan”. The Revolver Facility is divided into (a) global tranche, Mexican tranche, and Singaporean tranche commitments, with the aggregate amount of borrowings under each tranche not to exceed $450.0 million, $15.0 million, and $15.0 million, respectively, (b) a global tranche letter of credit facility, available up to $50.0 million of the amount of the Revolver Facility, and (c) a global tranche swingline facility, available up to $100.0 million of the amount of the Revolver Facility. Each of such tranches is available to the Company and the applicable Subsidiary Borrowers, with extensions of credit to the Subsidiary Borrowers not to exceed $325.0 million in the aggregate at any time outstanding. The Company is permitted to increase, subject to certain conditions, the Revolver Facility, the USD Term Loan and/or the Euro Term Loan so long as (i) the Revolver Facility is increased by no more than $250.0 million (for a maximum aggregate Revolver Facility of $730.0 million) and (ii) all facilities are increased by no more than $250.0 million, plus certain repayments of the loans under the Credit Agreement with Wells Fargo Bank, N.A., and the other parties, plus an unlimited amount provided that the incurrence of such amount does not cause the Consolidated Net Leverage Ratio (as defined in the Credit Agreement and which shall be calculated net of up to $100.0 million of unrestricted cash and cash equivalents (“Cash Netting”)) for the four (4) consecutive fiscal quarters then most recently ended to exceed 3.00 to 1.00. Each of the Revolver Facility, the USD Term Loan, and the Euro Term Loan will mature on November 23, 2026. The obligations under the Credit Agreement are (a) guaranteed by (i) with respect to the Subsidiary Borrowers, the Parent Borrower and (ii) with respect to both the Parent Borrower and the Subsidiary Borrowers, each existing and subsequently acquired or organized direct or indirect material wholly-owned U.S. subsidiary of the Parent Borrower (each a “Guarantor”) and (b) secured by substantially all tangible and intangible personal property of the Parent Borrower and each Guarantor and all products, profits and proceeds of the foregoing, in each case, subject to certain exceptions. The Credit Agreement contains customary affirmative and negative covenants, including, among other things, Consolidated Net Leverage Ratio and Consolidated Interest Coverage Ratio requirements, compliance with laws, delivery of quarterly and annual financial statements, restrictions on the incurrence of liens, indebtedness, asset dispositions, fundamental changes, restricted payments and other customary covenants. The Credit Agreement also includes events of default relating to customary matters (and customary notice and cure periods), including, among other things, nonpayment of principal, interest or other amounts; violation of covenants; incorrectness of representations and warranties in any material respect; cross-payment default and cross acceleration with respect to material indebtedness; bankruptcy; material judgments; and certain ERISA events. The Credit Agreement also includes an acceleration clause which permits the lenders to accelerate the maturity date under certain circumstances including material adverse effects on the Company's financial status. The Company has prepayment options, as well as mandatory quarterly prepayments that started on March 31, 2022. For purposes of the Credit Agreement, consolidated EBITDA represents earnings before interest, income taxes, depreciation and amortization, as adjusted to exclude unusual, non-recurring gains as well as non-cash charges and certain other items. Consolidated Net Leverage Ratio is the ratio of (a) consolidated funded indebtedness minus up to $100.0 million of unrestricted cash and cash equivalents on the last day of each measurement period to (b) consolidated EBITDA for such measurement period, and Consolidated Interest Coverage Ratio is the ratio of (x) consolidated EBITDA on the last day of each measurement period to (y) the Consolidated Interest Charges for such measurement period . Under the Credit Agreement, the Company shall not permit as of the last day of any fiscal quarter of the Company (a) the Consolidated Net Leverage Ratio for the four (4) consecutive fiscal quarters then most recently ended to be greater than or equal to 3.75 to 1.00 (subject to Cash Netting) which may be increased two times during the term of the Credit Agreement by 0.25 to 1.00 in connection with any acquisition permitted by the Credit Agreement having aggregate cash consideration in excess of $75 million or (b) the Consolidated Interest Coverage Ratio for the four (4) consecutive fiscal quarters then ended to be less than or equal to 3.00 to 1.00. Considering the current global market volatility, inflationary cost pressures primarily in China and Europe, and a change in the Company’s liquidity year-to-date, effective August 1, 2022, the Company entered into an agreement (the “First Amendment to Credit Agreement”) to amend certain provisions and covenants to, among other things, (i) allow for a temporary higher maximum total Net Leverage Ratio of 4.5x in the third quarter of 2022, 4.25x in the fourth quarter of 2022 and first quarter of 2023, and 3.75x in the second quarter of 2023 and thereafter to allow for additional operating flexibility to execute fully on the Company’s Turnaround Plan; (ii) introduce two additional pricing levels for total Net Leverage Ratios of 3.0x to 3.5x, and for 3.5x and higher, with a provision to revert to pricing per the original agreement following achievement of a total Net Leverage Ratio of 2.75x or less for two consecutive quarters following the covenant modification period; (iii) replace LIBOR with Secured Overnight Financing Rate (“SOFR”) as the reference interest rate on the entire facility, with a 0% SOFR floor and credit spread adjustments across one-, three-, and six-month tenors. As of September 24, 2022, the Company had a weighted average interest rate of 4.39% with a base rate spread of 275 basis points on SOFR-based borrowings under the Credit Agreement. Interest is payable in arrears and at maturity. As of September 24, 2022, the Company is in compliance with the financial covenants in the First Amendment to Credit Agreement, with a Consolidated Net Leverage Ratio of 4.17x and a Consolidated Interest Coverage Ratio of 5.93x. As of December 25, 2021, the Company had a Consolidated Net Leverage Ratio of 2.11x and a Consolidated Interest Coverage Ratio of 8.23x. The Company has experienced volatility in earnings during the nine months ended September 24, 2022 as it executes the Turnaround Plan and responds to the unpredictability in the market related to recessionary concerns, inflation and COVID lockdowns. As of September 24, 2022, the Company was in compliance with its financial covenants in the First Amendment to the Credit Agreement. Due to the volatility in the Company’s earnings and progressive tightening of the financial covenants in the First Amendment to the Credit Agreement, it is probable that the Company will not be able to maintain compliance with the covenants in its Credit Agreement, including the existing Consolidated Net Leverage Ratio covenant, for the next twelve months. The Company is in negotiations with its lenders to amend the Credit Agreement; however, the Company’s ability to amend its covenants, obtain a waiver or otherwise refinance its debt, as well as the timing and terms of any such amendment or refinancing, are dependent upon a number of factors, and there can be no assurance that the Company will be successful in such efforts. If the Company is unable to comply with its covenants, including the Consolidated Net Leverage Ratio covenant, then the Credit Agreement lenders could take action to cause amounts due under the Credit Agreement to become due and payable unless the Company is able to amend such covenants, obtain a waiver or otherwise refinance its debt. If the Company is unable to access future borrowings or is required to pay amounts due under its Credit Agreement prior to their normal maturity dates, this would have a material impact to its financial position. Accordingly, the Company believes that there is substantial doubt about its ability to continue as a going concern for the twelve-month period following the date of this filing. The Company is undertaking expense reduction and cash savings initiatives as part of the Turnaround Plan to help continue to pay down its debt and reduce the Consolidated Net Leverage Ratio. The expense reduction and cash saving initiatives include streamlining facilities, managing working capital, reducing capital expenditures, and reducing overall selling, general and administrative expenses. The Company routinely increases its Revolver Facility borrowings under the Credit Agreement during each quarter to fund operating, investing and financing activities, and uses cash available at the end of each quarter to temporarily reduce borrowing levels. As a result, the Company incurs more interest expense on the value of its cash and debt during each quarter than would relate solely to the quarter end balances.

Retirement Benefit Plans

Retirement Benefit Plans	9 Months Ended
	Sep. 24, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Retirement Benefit Plans	Note 17: Retirement Benefit Plans Components of net periodic cost (benefit) for the third quarters ended September 24, 2022 and September 25, 2021 were as follows: Pension benefits Post-retirement benefits 13 weeks ended 13 weeks ended (In millions of U.S. Dollars) September 24, September 25, September 24, September 25, Service cost $ 1.0 $ 1.7 $ — $ — Interest cost 0.6 1.3 0.1 — Return on plan assets (0.5) (0.8) — — Settlement/curtailment — 0.2 — — Net amortization 0.5 0.9 (0.2) (0.1) Net periodic cost (benefit) $ 1.6 $ 3.3 $ (0.1) $ (0.1) Pension benefits Post-retirement benefits 39 weeks ended 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, September 24, September 25, Service cost $ 3.3 $ 5.3 $ — $ 0.1 Interest cost 2.0 3.0 0.2 0.2 Return on plan assets (1.5) (2.5) — — Settlement/curtailment — 1.4 — — Net amortization 1.2 2.6 (0.5) (0.4) Net periodic cost (benefit) $ 5.0 $ 9.8 $ (0.3) $ (0.1) During the year-to-date periods ended September 24, 2022 and September 25, 2021, respectively, approximately $0.7 million and $3.6 million of pre-tax losses were reclassified from other comprehensive (loss) income to a component of net periodic (benefit) cost, respectively. As they relate to non-U.S. plans, the Company uses current exchange rates to make these reclassifications. The impact of exchange rate fluctuations is included on the net amortization line of the table above. The Company included $1.4 million and $4.3 million related to the components of net periodic (benefit) cost, excluding service cost, in other expense, net in the year-to-date periods ended September 24, 2022 and September 25, 2021, respectively.

Commitment and Contingencies

Commitment and Contingencies	9 Months Ended
	Sep. 24, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company and certain subsidiaries are involved in litigation and various legal matters that are being defended and handled in the ordinary course of business. Included among these matters are environmental issues. The Company does not include estimated future legal costs in accruals recorded related to these matters. The Company believes that it is remote that the Company's contingencies will have a material adverse effect on its financial position, results of operations or cash flow. Mondelez International, Inc., which was formerly affiliated with Premark International, Inc., the Company's former parent, has assumed any liabilities arising out of certain divested or discontinued businesses. The liabilities assumed include matters alleging product liability, environmental liability, and infringement of patents. In February 2020, putative stockholder class actions were filed against the Company and certain current and former officers and directors in the United States District Court for the Central District of California and in the United States District Court for the Middle District of Florida. The actions were consolidated in the United States District Court for the Middle District of Florida, and a lead plaintiff was appointed. On July 31, 2020, the lead plaintiff filed a consolidated amended complaint, which alleges that statements in public filings between January 31, 2018 and February 24, 2020 (the “potential class period”) regarding the Company’s disclosure of controls and procedures, as well as the need for an amendment of its credit facility, violated Section 10(b) and 20(a) of the Securities Act of 1934. The lead plaintiff seeks to represent a class of stockholders who purchased the Company’s stock during the potential class period and demand unspecified monetary damages. The Company's motion to dismiss the complaint was granted on January 25, 2021, but the court permitted the lead plaintiff to file an amended complaint, which the plaintiff filed on February 16, 2021. The Company filed a motion to dismiss the second amended complaint on April 2, 2021. The Court granted the Company’s motion to dismiss the second amended complaint on August 9, 2021, but again permitted the lead plaintiff to file an amended complaint, which the plaintiff filed on August 30, 2021. The Company filed a motion to dismiss the third amended complaint on October 14, 2021, and on February 4, 2022, the Court dismissed the third amended complaint with prejudice. The plaintiff filed an appeal on April 11, 2022, which was fully briefed with the 11th Circuit Court of Appeals as of June 1, 2022. The 11th Circuit Court of Appeals has scheduled oral argument for the appeal in December 2022. The Company is unable at this time to determine whether the outcome of these actions would have a material impact on its results of operations, financial condition or cash flows. Additionally, several putative stockholders filed stockholder derivative complaints in the United States District Court for the Middle District of Florida against certain of the Company’s current and former officers and directors. The cases were consolidated, and plaintiffs filed a consolidated amended complaint on August 5, 2020. The consolidated amended complaint asserts claims against certain current and former officers and directors for breach of fiduciary duty, unjust enrichment, and contribution for violations of the securities laws based on allegations that the officers and directors allowed the Company to make false or misleading statements in violation of the securities laws. The Court stayed proceedings in this action pending resolution of the appeal of the third motion to dismiss in the putative stockholder class action. A similar stockholder derivative complaint was filed in the Ninth Judicial Circuit Court of Florida. The parties reached an agreement to stay this action pending the resolution of the appeal of the third motion to dismiss in the putative stockholder class action. The Company is unable at this time to determine whether the outcome of these actions would have a material impact on its results of operations, financial condition or cash flows. In June 2022, a putative stockholder class action was filed against the Company and certain current and former officers in the United States District Court for the Southern District of New York. The complaint alleges that statements made in public filings between November 3, 2021 and May 3, 2022 (the “potential class period”) regarding the Company’s earnings and sales performance and full year 2022 guidance violated Sections 10(b) and 20(a) of the Securities Act of 1934. The plaintiff seeks to represent a class of stockholders who purchased the Company’s shares during the potential class period and demands unspecified monetary damages. The plaintiff intends to file an amended complaint in late November 2022. The Company is unable at this time to determine whether the outcome of this action would have a material impact on its results of operations, financial condition or cash flows. In August 2022, a stockholder derivative complaint was filed in Florida state court against certain of the Company’s current and former officers and directors. The derivative complaint asserts claims against the former officers and directors for breach of fiduciary duty, unjust enrichment, and waste of corporate assets based on allegations that, among other things, the officers and directors allowed the Company to make false or misleading statements in violation of the securities laws. The Company is unable at this time to determine whether the outcome of these actions would have a material impact on its results of operations, financial condition or cash flows. The SEC was conducting an inquiry into the Company’s accounting practices relating to its previously-owned Fuller Mexico business and its Tupperware Mexico business. On September 29, 2022, the SEC issued a final order approving the settlement of the inquiry. Under the terms of the order, the Company neither admits nor denies the SEC's findings and paid an immaterial civil penalty, which was fully accrued in the second quarter of 2022. Leases Leases, including the minimum rental commitments for 2023, primarily are for automobiles that generally have a lease term of 1 year to 4 years, with the remaining leases related to office, manufacturing and distribution space. It is common for lease agreements to contain various provisions for items such as step rent or other escalation clauses and lease concessions, which may offer a period of no rent payment. These types of items are considered by the Company, and are recorded into expense on a straight-line basis over the minimum lease terms for operating leases. There are no lease agreements containing material renewal options. Certain leases require the Company to pay property taxes, insurance and routine maintenance.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 24, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring	Note 19: Fair Value Measurements The Company applies the applicable accounting guidance for fair value measurements. This guidance provides the definition of fair value, describes the method used to appropriately measure fair value in accordance with generally accepted accounting principles, and outlines fair value disclosure requirements. The fair value hierarchy established under this guidance prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The three levels of the fair value hierarchy are as follows: • Level 1 - Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. • Level 2 - Pricing inputs are other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted prices, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. • Level 3 - Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management's best estimate of fair value from the perspective of a market participant. Due to their short maturities or their insignificance, the carrying amounts of cash and cash equivalents, restricted cash, accounts receivable, net, accounts payable, accrued liabilities, lines of credit, and leased assets and liabilities approximated their fair values at September 24, 2022 and December 25, 2021. The term loan and revolver facility are classified as Level 2 liabilities and are estimated using a market approach. The fair value of the term loan and revolver facility were as follows: As of As of September 24, 2022 December 25, 2021 (In millions of U.S. Dollars) Carrying Amount Fair Value Carrying Amount Fair Value Term loan $ 369.2 $ 347.2 $ 398.5 $ 398.5 Revolver facility 332.8 312.9 312.0 312.0 Total $ 702.0 $ 660.1 $ 710.5 $ 710.5 The Company does not have any recurring Level 3 fair value measurements. See Note 14: Derivative Financial Instruments and Hedging Activities for discussion of the Company’s derivative financial instruments and related fair value measurements.

Segment Information

Segment Information	9 Months Ended
	Sep. 24, 2022
Segment Reporting [Abstract]
Segment Information	Note 20: Segment Information The Company manufactures and distributes a broad portfolio of products, primarily through the sales force. Certain operating segments have been aggregated based upon consistency of economic substance, geography, products, production process, class of customers, and distribution method. The Company's reportable segments primarily sell design-centric preparation, storage, and serving solutions for the kitchen and home under the Tupperware brand name. Segment details were as follows: 13 weeks ended 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, September 24, September 25, Net sales: Asia Pacific $ 85.4 $ 112.9 $ 273.9 $ 343.8 Europe 60.8 91.3 222.6 326.8 North America 86.3 103.1 292.4 343.0 South America 70.3 69.6 202.4 193.8 Total net sales $ 302.8 $ 376.9 $ 991.3 $ 1,207.4 Segment profit: Asia Pacific $ 11.1 $ 25.7 $ 35.3 $ 81.9 Europe 2.0 14.7 14.3 66.5 North America 5.7 10.5 32.3 42.6 South America 14.3 13.5 38.9 46.8 Total Segment Profit 33.1 64.4 120.8 237.8 Unallocated expenses 12.1 7.2 47.4 30.9 Re-engineering charges (a) 4.5 1.8 13.0 9.7 Loss (gain) on disposal of assets 0.7 (1.7) 2.3 (8.9) Loss on debt extinguishment — — — 8.1 Interest expense 8.3 8.2 18.9 29.7 Interest income (1.3) (0.3) (3.2) (0.9) Other expense, net 1.6 1.2 6.6 0.8 Income from continuing operations before income taxes $ 7.2 $ 48.0 $ 35.8 $ 168.4 ____________________ (a) See Note 5: Re-engineering Charges for further discussion. Total identifiable assets by segment were: As of (In millions of U.S. Dollars) September 24, December 25, Identifiable assets Asia Pacific $ 222.4 $ 248.3 Europe 188.9 215.3 North America 199.5 194.1 South America 111.0 94.9 Corporate 331.8 502.8 Total identifiable assets $ 1,053.6 $ 1,255.4

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 24, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Condensed Consolidated Financial Statements include the accounts of Tupperware Brands Corporation and its subsidiaries, collectively the “Company” or “Tupperware”, with all intercompany transactions and balances having been eliminated. The Company prepared the unaudited Condensed Consolidated Financial Statements in accordance with United States generally accepted accounting principles (“GAAP”) and the rules and regulations of the United States Securities and Exchange Commission (“SEC”) and, in the Company's opinion, reflect all adjustments, including normal recurring items that are necessary for a fair statement of results of operations, comprehensive income, financial position, equity and cash flows for the periods presented. Certain information and note disclosures normally included in the financial statements prepared in conformity with GAAP for complete financial statements have been condensed or omitted as permitted by such rules and regulations. As such, the accompanying unaudited Condensed Consolidated Financial Statements and related notes should be read in conjunction with the audited 2021 Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 25, 2021. Operating results of any interim period presented herein are not necessarily indicative of the results that may be expected for a full fiscal year. Out-of-Period Misstatements In the third quarter of 2022, the Company recorded an out-of-period adjustment to income tax expense which resulted in a $1.3 million decrease in income from continuing operations. This error resulted from intercompany costs which were allocated to an incorrect legal entity resulting in a net understatement of income tax expense for the entities. The Company has recorded an aggregate net $2.6 million decrease in income from continuing operations in the year-to-date period ended September 24, 2022, composed of the above-referenced adjustment and three other adjustments identified in the second quarter of 2022. Management has determined that these errors were not material to any of its previously issued financial statements individually or in the aggregate. Discontinued Operations Discontinued operations include certain key brands of the Company’s beauty business, including House of Fuller, Nutrimetics, Nuvo, and Avroy Shlain. Avroy Shlain was sold in the first quarter of 2021, House of Fuller Mexico was sold in the second quarter of 2022, and, as noted in Note 13: Held for Sale Assets and Discontinued Operations, Nutrimetics was sold on July 1, 2022. The Company is currently in discussions with a potential buyer for Nuvo with the intention of having a deal signed and completed in the fourth quarter of 2022. In the third quarter of 2021, the Company determined that these dispositions represented a strategic shift that would have a major effect on its results of operations. As such, the results of the beauty business are reflected as discontinued operations including all comparative prior period information in these Condensed Consolidated Financial Statements. Certain costs previously allocated to the beauty business for segment reporting purposes do not qualify for classification within discontinued operations and have been reallocated to continuing operations. See Note 13: Held for Sale Assets and Discontinued Operations, for additional information.
Use of Estimates	Use of Estimates The preparation of Condensed Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the Condensed Consolidated Financial Statements, as well as the reported amounts of net sales and expenses during the reporting period. Actual results could differ materially from these estimates. Economic Uncertainties For the third quarter ended September 24, 2022, the Company's business activities continued to be impacted by the Coronavirus pandemic (“COVID-19”), most notably in China, where lockdowns persist. In addition, the Company's business activities, particularly in Europe, continued to experience volatility and were impacted by lower consumer sentiment and increased cost of energy. Inflation has increased globally resulting in less disposable income for consumers and lower consumer sentiment. The U.S. dollar has strengthened against the Euro, Japanese Yen, and other currencies. This continues to be a headwind for the Company as its foreign denominated revenues are translated into USD at lower exchange rates negatively impacting results.As a result, many of the Company's estimates and assumptions require increased judgment and carry a higher degree of variability and volatility. As events continue to evolve and additional information becomes available, the Company's estimates may change materially in future periods.
Accelerated Share Repurchases	EquityOn February 28, 2022, the Company entered into an Accelerated Share Repurchase (“ASR”) agreement with Wells Fargo Bank, National Association (“Wells Fargo”), under which the Company paid $75.0 million and received an initial share delivery of 3,438,264 shares of the Company's outstanding common stock, which were immediately retired. The initial number of shares received was calculated as 75% of the $75.0 million divided by the price of the Company's common stock on February 25, 2022 of $16.36. On May 27, 2022, pursuant to the terms of the ASR agreement, Wells Fargo elected to accelerate the settlement date of the ASR and the Company received the remaining settlement of 1,438,325 shares, which were immediately retired. The number of shares received was calculated by taking the initial $75.0 million divided by the price of the variable weighted average price (“VWAP”) of the Company's share price during the duration of the ASR of $15.38, less the number of shares received at the beginning of the ASR.
New Accounting Pronouncements	New Accounting Pronouncements Standards Recently Adopted In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” (“ASU 2020-04”), an optional guidance for a limited period of time to ease the transition from the London interbank offered rate (“LIBOR”) to an alternative reference rate. The ASU intends to address certain concerns relating to accounting for contract modifications and hedge accounting. These optional expedients and exceptions to applying GAAP, assuming certain criteria are met, are allowed through December 31, 2022. The amendments should be applied on a prospective basis. In addition, the FASB also issued ASU 2021-01, “Reference Rate Reform (Topic 848): Scope” (“ASU 2021-01”) to refine the scope of ASC 848, “Reference Rate Reform” (“ASC 848”) and ASU 2020-04 in response to Reference Rate Reform in January 2021. ASU 2021-01 adds guidance to clarify which optional expedients in ASC 848 may be applied to derivative instruments that do not reference LIBOR or a reference rate that will be discontinued, but are modified as a result of the discontinuing transition. This guidance was effective upon issuance through December 31, 2022. The Company adopted this guidance during the third quarter of 2022 and the adoption did not have any material impact on its Consolidated Financial Statements.

Distribution Costs (Tables)

Distribution Costs (Tables)	9 Months Ended
	Sep. 24, 2022
Distribution Costs [Abstract]
Schedule of Distribution Costs	Distribution costs were: 13 weeks ended 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, September 24, September 25, Distribution costs $ 26.7 $ 32.5 $ 91.3 $ 113.2

Promotional Costs (Tables)

Promotional Costs (Tables)	9 Months Ended
	Sep. 24, 2022
Promotional Costs [Abstract]
Schedule of Promotional Costs	Promotional costs were: 13 weeks ended 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, September 24, September 25, Promotional costs $ 41.6 $ 51.9 $ 138.9 $ 184.6

Incentive Compensation Plans (T

Incentive Compensation Plans (Tables)	9 Months Ended
	Sep. 24, 2022
Share-based Payment Arrangement [Abstract]
Share-based Payment Arrangement, Option, Activity	Stock option activity for 2022, under all of the Company's incentive plans, is summarized in the following table: Stock Options Weighted Average Aggregate Intrinsic Value Outstanding at December 25, 2021 3,233,672 $ 40.41 $ 12.6 Expired / Forfeited (479,248) 52.80 Outstanding at September 24, 2022 2,754,424 $ 38.25 $ 5.0 Exercisable at September 24, 2022 1,754,424 $ 58.57 $ —
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity	The activity for such awards in 2022 is summarized in the following table: Shares Weighted Outstanding at December 25, 2021 4,500,211 $ 5.71 Time-vested shares granted 1,209,268 11.49 Performance and market shares granted 694,904 13.16 Performance share adjustments (636,549) 14.74 Vested (502,767) 9.89 Forfeited (816,567) 10.86 Outstanding at September 24, 2022 4,448,500 $ 5.77
Share-based Payment Arrangement, Cost by Plan	Stock-based compensation expense was: 13 weeks ended 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, September 24, September 25, Stock options $ 0.1 $ 0.1 $ 0.3 $ 0.4 Time, performance, and market vested share awards $ (1.1) $ 2.2 $ 4.6 $ 5.8
Unrecognized Stock Based Compensation Expense	Unrecognized stock-based compensation expense and the weighted average years to recognize the unrecognized stock-based compensation was as follows: As of (In millions of U.S. Dollars) September 24, Unrecognized stock-based compensation expense $ 16.1 Weighted average years to recognize the unrecognized stock-based compensation 2.5 years
Shares Retained to Fund Withholding Taxes	Shares retained to fund withholding taxes and the value of shares retained to fund withholding taxes was as follows: 39 weeks ended (In millions of U.S. Dollars, except share amounts) September 24, September 25, Shares retained to fund withholding taxes 105,655 102,019 Value of shares retained to fund withholding taxes $ 1.9 $ 2.9

Re-engineering Charges (Tables)

Re-engineering Charges (Tables)	9 Months Ended
	Sep. 24, 2022
Restructuring Charges [Abstract]
Restructuring and Related Costs	Re-engineering charges were: 13 weeks ended 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, September 24, September 25, Turnaround plan $ 4.5 $ 1.6 $ 13.0 $ 8.2 Other — 0.2 — 1.5 Total re-engineering charges $ 4.5 $ 1.8 $ 13.0 $ 9.7 Total re-engineering charges by segments Total re-engineering charges by segment were: 13 weeks ended 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, September 24, September 25, Asia Pacific 0.4 0.5 0.7 2.1 Europe 0.7 1.1 5.2 4.0 North America — 0.3 — 1.7 South America (0.1) — 0.2 0.2 Corporate 3.5 (0.1) 6.9 1.7 Total re-engineering charges by segment $ 4.5 $ 1.8 $ 13.0 $ 9.7
Accrued Liabilities, Re-engineering Charges Rollforward	The balance included in accrued liabilities related to the Turnaround Plan was: As of (In millions of U.S. Dollars) September 24, December 25, Beginning balance $ 12.9 $ 18.7 Provision 13.0 14.8 Currency translation adjustment (0.5) (0.4) Cash expenditures: Severance (9.9) (12.7) Other (0.7) (7.5) Ending balance $ 14.8 $ 12.9

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 24, 2022
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The effective tax rate was: 13 weeks ended 39 weeks ended September 24, September 25, September 24, September 25, Effective tax rate 152.8 % (25.8) % 91.1 % 19.1 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 24, 2022
Earnings Per Share [Abstract]
Elements of Earnings per Share Computations	The elements of the earnings per share computations were as follows: 13 weeks ended 39 weeks ended (In millions of U.S. Dollars, except per share amounts) September 24, September 25, September 24, September 25, (Loss) income from continuing operations $ (3.8) $ 60.4 $ 3.2 $ 136.2 Income (loss) on discontinued operations $ 20.6 $ (146.5) $ 14.7 $ (141.4) Net income (loss) $ 16.8 $ (86.1) $ 17.9 $ (5.2) Basic weighted-average shares 44.5 49.4 46.0 49.5 Effect of dilutive securities — 3.4 3.0 3.6 Diluted weighted-average shares 44.5 52.8 49.0 53.1 Basic (loss) earnings from continuing operations - per share $ (0.09) $ 1.22 $ 0.07 $ 2.75 Basic earnings (loss) from discontinued operations - per share $ 0.47 $ (2.97) $ 0.32 $ (2.85) Basic earnings (loss) per share - Total $ 0.38 $ (1.75) $ 0.39 $ (0.10) Diluted (loss) earnings from continuing operations - per share $ (0.09) $ 1.14 $ 0.07 $ 2.56 Diluted earnings (loss) from discontinued operations - per share $ 0.47 $ (2.77) $ 0.30 $ (2.66) Diluted earnings (loss) per share - Total $ 0.38 $ (1.63) $ 0.37 $ (0.10) Excluded anti-dilutive shares 2.5 2.4 2.6 2.6

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 24, 2022
Accumulated Other Comprehensive Loss [Abstract]
Rollforward of accumulated other comprehensive loss	The change in accumulated other comprehensive loss was as follows: (In millions of U.S. Dollars, net of tax) Foreign Currency Items (a), (d) Cash Flow Hedges (b) Pension and Other Post-retirement Items (c) Total Balance at December 25, 2021 $ (664.5) $ 0.2 $ (23.6) $ (687.9) Other comprehensive (loss) income before reclassifications (17.5) 0.5 0.4 (16.6) Amounts reclassified from accumulated other comprehensive loss 102.6 (0.6) 0.4 102.4 Other comprehensive income (loss) 85.1 (0.1) 0.8 85.8 Balance at September 24, 2022 $ (579.4) $ 0.1 $ (22.8) $ (602.1) ____________________ (a) Foreign currency amounts reclassified from accumulated other comprehensive loss impact the other expense, net, other than amounts related to the disposal of House of Fuller Mexico and Nutrimetics described in (d) below. (b) Cash flow hedge amounts reclassified from accumulated other comprehensive loss impact the cost of products sold line item in the Condensed Consolidated Statements of Income. See additional information for cash flow hedges at Note 14: Derivative Financial Instruments and Hedging Activities. (c) See additional information for pension and other post-retirement items at Note 17: Retirement Benefit Plans. (d) Ending balance reflects $132.7 million of accumulated foreign currency losses that were reclassified out as a result of the disposal of the House of Fuller Mexico entity. The loss was fully reserved and recorded as a loss in discontinued operations in 2021. This is partially offset by $30.1 million of accumulated foreign currency gains that were reclassified as a result of the disposal of Nutrimetics. For more information see Note 13: Held for Sale Assets and Discontinued Operations. (In millions of U.S. Dollars, net of tax) Foreign Currency Items (a) Cash Flow Hedges (b) Pension and Other Post-retirement Items (c) Total Balance at December 26, 2020 $ (648.4) $ 0.2 $ (37.7) $ (685.9) Other comprehensive income before reclassifications 4.4 0.5 0.4 5.3 Amounts reclassified from accumulated other comprehensive loss — (0.2) 2.7 2.5 Other comprehensive income 4.4 0.3 3.1 7.8 Balance at September 25, 2021 $ (644.0) $ 0.5 $ (34.6) $ (678.1) ____________________ (a) Foreign currency amounts reclassified from accumulated other comprehensive income (loss) impact the other expense, net line item in the Condensed Consolidated Statements of Income. (b) Cash flow hedge amounts reclassified from accumulated other comprehensive income (loss) impact the cost of products sold line item in the Condensed Consolidated Statements of Income (Loss). See additional information for cash flow hedges at Note 14: Derivative Financial Instruments and Hedging Activities. (c) See additional information for pension and other post-retirement items at Note 17: Retirement Benefit Plans. Amounts reclassified from accumulated other comprehensive loss that related to cash flow hedges consisted of: 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, Cash flow hedge (gains) losses $ (0.8) $ 0.2 Tax provision 0.2 — Amounts reclassified from accumulated other comprehensive loss for cash flow hedges $ (0.6) $ 0.2 Amounts reclassified from accumulated other comprehensive loss related to pension and other post-retirement items consisted of: 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, Prior service (benefit) costs $ (0.5) $ 0.4 Settlements gains — (1.4) Actuarial losses (gains) 1.2 (2.6) Tax (benefit) provision (0.3) 0.9 Amounts reclassified from accumulated other comprehensive loss related to pension and other post-retirement items $ 0.4 $ (2.7)

Cash, Cash Equivalents, and R_2

Cash, Cash Equivalents, and Restricted Cash (Tables)	9 Months Ended
	Sep. 24, 2022
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	A reconciliation of the Company’s cash and cash equivalents in the Condensed Consolidated Balance Sheet to cash, cash equivalents, and restricted cash at end of period in the Condensed Consolidated Statement of Cash Flows is as follows: As of (In millions of U.S. Dollars) September 24, December 25, Cash and cash equivalents $ 102.9 $ 267.2 Restricted cash 8.7 6.6 Cash, cash equivalents and restricted cash at end of period $ 111.6 $ 273.8

Accounts Receivable (Tables)

Accounts Receivable (Tables)	9 Months Ended
	Sep. 24, 2022
Receivables [Abstract]
Accounts Receivable [Table]	The accounts receivable and allowance for credit losses balance was: As of (In millions of U.S. Dollars) September 24, December 25, Accounts receivable $ 93.6 $ 117.3 Allowance for credit losses (21.7) (31.1) Accounts receivable, net $ 71.9 $ 86.2

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 24, 2022
Inventory, Net [Abstract]
Components of Inventories	Inventories balance net of any inventory allowance was: As of (In millions of U.S. Dollars) September 24, December 25, Finished goods $ 183.2 $ 181.2 Work in process 35.8 28.4 Raw materials and supplies 30.7 22.6 Inventory, net $ 249.7 $ 232.2

Long-Term Receivables (Tables)

Long-Term Receivables (Tables)	9 Months Ended
	Sep. 24, 2022
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Allowance for Long-Term Receivables Rollforward	The long-term receivables and allowance for long-term receivables balance was as follows: As of (In millions of U.S. Dollars) September 24, Long-term receivables, gross $ 27.7 Beginning balance for allowance for long-term receivables $ (25.6) Write-offs — Recoveries 0.1 Provision (1.7) Currency translation adjustment 3.0 Allowance for long-term receivables $ (24.2) Long-term receivables, net $ 3.5

Held for Sale Assets and Disc_2

Held for Sale Assets and Discontinued Operations (Tables)	9 Months Ended
	Sep. 24, 2022
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Gain (Loss) Recorded on Divestitures	The results of operations are presented as discontinued operations as summarized below: 13 weeks ended 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, September 24, September 25, Net sales $ 3.1 $ 45.2 $ 62.7 $ 139.7 Cost of products sold 1.3 16.9 24.4 51.6 Gross profit $ 1.8 $ 28.3 $ 38.3 $ 88.1 Selling and administrative expenses 2.6 23.5 43.6 77.9 Re-engineering charges — 0.1 0.4 0.1 Other (income) expense ,net (0.1) 0.4 0.5 2.0 (Loss) income from operations of discontinued operations before tax $ (0.7) $ 4.3 $ (6.2) $ 8.1 Gain (loss) on disposal of assets 22.6 (148.1) $ 21.4 $ (147.1) Income (loss) from discontinued operations before income taxes $ 21.9 $ (143.8) $ 15.2 $ (139.0) Provision for income taxes 1.3 2.7 0.5 2.4 Net Income (loss) from discontinued operations $ 20.6 $ (146.5) $ 14.7 $ (141.4) The carrying amount of major classes of assets and liabilities classified as held for sale that were included in discontinued operations at September 24, 2022 and December 25, 2021 are shown in the table below. As of (In millions of U.S. Dollars) September 24, December 25, Assets Cash and cash equivalents $ — $ 0.2 Accounts receivable, net 2.9 14.9 Inventory, net 4.0 25.8 Non-trade accounts receivable, net — 2.2 Prepaid expenses and other current assets 0.5 1.5 Accumulated translation adjustment losses, current (7.4) (36.7) Total assets of discontinued operations - current $ — $ 7.9 Deferred tax assets, net — 6.2 Property, plant and equipment, net 0.8 7.8 Operating lease assets 1.8 11.1 Trade names, net — 6.7 Goodwill 1.9 1.7 Other assets, net — 2.7 Accumulated translation adjustment losses (4.5) (17.7) Assets held for sale $ — $ 18.5 Total assets of discontinued operations $ — $ 26.4 Liabilities Accounts payable $ 1.3 $ 17.0 Accrued liabilities 1.5 30.5 Accumulated translation adjustment losses, current 3.9 88.3 Total liabilities of discontinued operations - current $ 6.7 $ 135.8 Operating lease liabilities 1.0 8.6 Other liabilities — 9.2 Liabilities held for sale $ 1.0 $ 17.8 Total liabilities of discontinued operations $ 7.7 $ 153.6

Derivative Financial Instrume_2

Derivative Financial Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 24, 2022
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The change in fair value of hedged items results in adjustments to their carrying amounts as follows: 13 weeks ended 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, September 24, September 25, (Loss) income on fair value hedges $ (0.2) $ 1.8 $ (1.8) $ 4.1 13 weeks ended 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, September 24, September 25, Pre-tax (loss) income recorded in other comprehensive (loss) income $ (0.5) $ 0.2 $ 1.1 $ 0.6 Pre-tax (loss) income reclassified into income from other comprehensive (loss) income $ (0.7) $ — $ 0.9 $ — As of Derivatives designated as hedging instruments ( in millions ) Balance sheet location September 24, December 25, 2021 Derivative assets: Foreign exchange contracts Non-trade accounts receivable, net $ 1.3 $ 8.5 Derivative liabilities: Foreign exchange contracts Accrued liabilities $ (1.3) $ (7.3)
Derivative Instruments, Gain (Loss)	Changes in fair value, net of tax, recorded in other comprehensive (loss) income and the pre-tax income on forward points was as follows: 13 weeks ended 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, September 24, September 25, Pre-tax income (loss) recorded in other comprehensive (loss) income $ 11.7 $ (4.0) $ 23.2 $ (4.9)
Schedule of Notional Value of Forward Contracts	The notional value of forward contracts to purchase and sell currencies was: As of (In millions of U.S. Dollars) September 24, December 25, 2021 Notional value of forward contracts to purchase currencies $ 171.0 $ 96.4 Notional value of forward contracts to sell currencies $ 170.3 $ 99.2
Schedule of Notional Amounts of Outstanding Derivative Positions	The notional value of largest outstanding positions to purchase and sell currencies was: As of (In millions of U.S. Dollars) September 24, Purchase Indonesian Rupiah $ 89.3 Purchase Mexican Pesos $ 53.8 Purchase Euros $ 11.4 Sell Swiss Francs $ 57.3 As of (In millions of U.S. Dollars) December 25, 2021 Purchase Japanese Yen $ 14.3 Purchase United States Dollars $ 63.1 Sell Swiss Francs $ 32.6 Sell Euros $ 35.7
Schedule of Net Derivative Position	Including the effect of master netting arrangements that provide a right of offset upon default of the counterparty, the Company’s net derivative position amounts were: As of (In millions of U.S. Dollars) September 24, 2022 December 25, 2021 Net derivative asset $ 0.1 $ 1.2

Deferred Revenue (Tables)

Deferred Revenue (Tables)	9 Months Ended
	Sep. 24, 2022
Revenue Recognition and Deferred Revenue [Abstract]
Deferred Revenue, by Arrangement, Disclosure	Deferred revenue balance, which was primarily related to payments received in advance for orders not yet shipped, was as follows: As of (In millions of U.S. Dollars) September 24, December 25, Deferred revenue $ 8.2 $ 4.5

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 24, 2022
Debt Disclosure [Abstract]
Schedule of Debt	The debt portfolio consisted of: As of (In millions of U.S. Dollars) September 24, December 25, 2021 Term loan $ 369.2 $ 398.5 Revolver facility 332.8 312.0 Finance leases — 1.8 Line of credit 2.0 — Unamortized debt issuance costs (3.2) (2.9) Total debt $ 700.8 $ 709.4 Current debt and finance lease obligations $ 13.0 $ 8.9 Long-term debt and finance lease obligations 687.8 700.5 Total debt $ 700.8 $ 709.4

Retirement Benefit Plans (Table

Retirement Benefit Plans (Tables)	9 Months Ended
	Sep. 24, 2022
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Components of Net Periodic Benefit Cost	Components of net periodic cost (benefit) for the third quarters ended September 24, 2022 and September 25, 2021 were as follows: Pension benefits Post-retirement benefits 13 weeks ended 13 weeks ended (In millions of U.S. Dollars) September 24, September 25, September 24, September 25, Service cost $ 1.0 $ 1.7 $ — $ — Interest cost 0.6 1.3 0.1 — Return on plan assets (0.5) (0.8) — — Settlement/curtailment — 0.2 — — Net amortization 0.5 0.9 (0.2) (0.1) Net periodic cost (benefit) $ 1.6 $ 3.3 $ (0.1) $ (0.1) Pension benefits Post-retirement benefits 39 weeks ended 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, September 24, September 25, Service cost $ 3.3 $ 5.3 $ — $ 0.1 Interest cost 2.0 3.0 0.2 0.2 Return on plan assets (1.5) (2.5) — — Settlement/curtailment — 1.4 — — Net amortization 1.2 2.6 (0.5) (0.4) Net periodic cost (benefit) $ 5.0 $ 9.8 $ (0.3) $ (0.1)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 24, 2022
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping	The fair value of the term loan and revolver facility were as follows: As of As of September 24, 2022 December 25, 2021 (In millions of U.S. Dollars) Carrying Amount Fair Value Carrying Amount Fair Value Term loan $ 369.2 $ 347.2 $ 398.5 $ 398.5 Revolver facility 332.8 312.9 312.0 312.0 Total $ 702.0 $ 660.1 $ 710.5 $ 710.5

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 24, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Segment details were as follows: 13 weeks ended 39 weeks ended (In millions of U.S. Dollars) September 24, September 25, September 24, September 25, Net sales: Asia Pacific $ 85.4 $ 112.9 $ 273.9 $ 343.8 Europe 60.8 91.3 222.6 326.8 North America 86.3 103.1 292.4 343.0 South America 70.3 69.6 202.4 193.8 Total net sales $ 302.8 $ 376.9 $ 991.3 $ 1,207.4 Segment profit: Asia Pacific $ 11.1 $ 25.7 $ 35.3 $ 81.9 Europe 2.0 14.7 14.3 66.5 North America 5.7 10.5 32.3 42.6 South America 14.3 13.5 38.9 46.8 Total Segment Profit 33.1 64.4 120.8 237.8 Unallocated expenses 12.1 7.2 47.4 30.9 Re-engineering charges (a) 4.5 1.8 13.0 9.7 Loss (gain) on disposal of assets 0.7 (1.7) 2.3 (8.9) Loss on debt extinguishment — — — 8.1 Interest expense 8.3 8.2 18.9 29.7 Interest income (1.3) (0.3) (3.2) (0.9) Other expense, net 1.6 1.2 6.6 0.8 Income from continuing operations before income taxes $ 7.2 $ 48.0 $ 35.8 $ 168.4 ____________________ (a) See Note 5: Re-engineering Charges for further discussion. Total identifiable assets by segment were: As of (In millions of U.S. Dollars) September 24, December 25, Identifiable assets Asia Pacific $ 222.4 $ 248.3 Europe 188.9 215.3 North America 199.5 194.1 South America 111.0 94.9 Corporate 331.8 502.8 Total identifiable assets $ 1,053.6 $ 1,255.4

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Prior Period Adjustments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 24, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Income from continuing operations before income taxes	$ 7.2	$ 48	$ 35.8	$ 168.4
Revision of Prior Period, Error Correction, Adjustment | Revision of Prior Period, Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Income from continuing operations before income taxes	$ 1.3		$ 2.6

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - USD ($) $ / shares in Units, $ in Millions				9 Months Ended
	May 27, 2022	Feb. 28, 2022	Feb. 25, 2022	Sep. 24, 2022
Accounting Policies [Abstract]
Accelerated Share Repurchases, Settlement (Payment) or Receipt		$ 75
Repurchase of common stock (in shares)	1,438,325	3,438,264
Accelerated Share Repurchases, Percent Of Total		75%
Accelerated Share Repurchases, Initial Price Paid Per Share			$ 16.36
Accelerated Share Repurchases, Final Price Paid Per Share				$ 15.38

Distribution Costs (Details)

Distribution Costs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 24, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021
Distribution Costs [Line Items]
Selling, general and administrative expense	$ 175.6	$ 190.7	$ 565.9	$ 620.5
Shipping and Handling
Distribution Costs [Line Items]
Selling, general and administrative expense	$ 26.7	$ 32.5	$ 91.3	$ 113.2

Promotional Costs (Details)

Promotional Costs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 24, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021
Promotional Costs [Abstract]
Promotional and other sales force compensation expenses	$ 41.6	$ 51.9	$ 138.9	$ 184.6

Incentive Compensation Plans (D

Incentive Compensation Plans (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
	Sep. 24, 2022	Sep. 24, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock-based compensation expense	$ 16,100	$ 16,100		$ 16,100
Weighted average years to recognize the unrecognized stock-based compensation	2 years 6 months
Shares retained to fund withholding taxes				105,655	102,019
Value of shares retained to fund withholding taxes				$ 1,900	$ 2,900
Time Vested, Performance Vested and Market Vested Share Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Outstanding, Beginning of Period				4,500,211
Vested				(502,767)
Forfeited				(816,567)
Shares Outstanding, End of Period	4,448,500	4,448,500		4,448,500
Weighted Average Grant Date Fair Value, Beginning of Period				$ 5.71
Vested				9.89
Forfeited				10.86
Weighted Average Grant Date Fair Value, End of Period	$ 5.77	$ 5.77		$ 5.77
Restricted Stock or Unit Expense		$ (1,100)	$ 2,200	$ 4,600	5,800
Time-vested shares granted
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted				1,209,268
Granted				$ 11.49
Performance and market shares granted
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted				694,904
Granted				$ 13.16
Performance share adjustments				(636,549)
Performance share adjustments				$ 14.74
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at December 25, 2021				3,233,672
Expired / Forfeited				(479,248)
Outstanding at September 24, 2022	2,754,424	2,754,424		2,754,424
Weighted Average Exercise Price Per Share Outstanding, Beginning of Period				$ 40.41
Expired / Forfeited				52.80
Weighted Average Exercise Price Per Share Outstanding, End of Period	$ 38.25	$ 38.25		$ 38.25
Outstanding at December 25, 2021				$ 12,600
Outstanding at September 24, 2022	$ 5,000	$ 5,000		$ 5,000
Exercisable at September 24, 2022	1,754,424	1,754,424		1,754,424
Weighted Average Exercise Price Per Share	$ 58.57	$ 58.57		$ 58.57
Exercisable, Aggregate Intrinsic Value	$ 0	$ 0		$ 0
Stock or Unit Option Plan Expense		$ 100	$ 100	$ 300	$ 400
Share Based Payment Arrangement, Other Than Options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Period				1 year
Share Based Payment Arrangement, Other Than Options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting Period				3 years

Re-engineering Charges (Details

Re-engineering Charges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 24, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021	Dec. 25, 2021
Restructuring Cost and Reserve [Line Items]
Re-engineering charges	$ 4.5	$ 1.8	$ 13	$ 9.7	$ 14.8
Restructuring Reserve [Roll Forward]
Beginning balance			12.9	18.7	18.7
Re-engineering charges	4.5	1.8	13	9.7	14.8
Currency translation adjustment			(0.5)		(0.4)
Ending balance	14.8		14.8		12.9
Turnaround plan
Restructuring Cost and Reserve [Line Items]
Re-engineering Cost Incurred to Date	56		56
Re-engineering charges	4.5	1.6	13	8.2
Restructuring Reserve [Roll Forward]
Re-engineering charges	4.5	1.6	13	8.2
Turnaround plan | Minimum
Restructuring Cost and Reserve [Line Items]
Expected Re-Engineering Cost	20		20
Turnaround plan | Maximum
Restructuring Cost and Reserve [Line Items]
Expected Re-Engineering Cost	30		30
Other
Restructuring Cost and Reserve [Line Items]
Re-engineering charges	0	0.2	0	1.5
Restructuring Reserve [Roll Forward]
Re-engineering charges	0	0.2	0	1.5
Severance
Restructuring Reserve [Roll Forward]
Cash expenditures:			(9.9)		(12.7)
Severance | Turnaround plan
Restructuring Cost and Reserve [Line Items]
Re-engineering Cost Incurred to Date	48.7		48.7
Other
Restructuring Reserve [Roll Forward]
Cash expenditures:			(0.7)		$ (7.5)
Other | Turnaround plan
Restructuring Cost and Reserve [Line Items]
Re-engineering Cost Incurred to Date	7.3		7.3
Corporate | Turnaround plan
Restructuring Cost and Reserve [Line Items]
Re-engineering charges	3.5	(0.1)	6.9	1.7
Restructuring Reserve [Roll Forward]
Re-engineering charges	3.5	(0.1)	6.9	1.7
Asia Pacific | Turnaround plan
Restructuring Cost and Reserve [Line Items]
Re-engineering charges	0.4	0.5	0.7	2.1
Restructuring Reserve [Roll Forward]
Re-engineering charges	0.4	0.5	0.7	2.1
Europe | Turnaround plan
Restructuring Cost and Reserve [Line Items]
Re-engineering charges	0.7	1.1	5.2	4
Restructuring Reserve [Roll Forward]
Re-engineering charges	0.7	1.1	5.2	4
North America | Turnaround plan
Restructuring Cost and Reserve [Line Items]
Re-engineering charges	0	0.3	0	1.7
Restructuring Reserve [Roll Forward]
Re-engineering charges	0	0.3	0	1.7
South America | Turnaround plan
Restructuring Cost and Reserve [Line Items]
Re-engineering charges	(0.1)	0	0.2	0.2
Restructuring Reserve [Roll Forward]
Re-engineering charges	$ (0.1)	$ 0	$ 0.2	$ 0.2

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		9 Months Ended
	Sep. 24, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021
Valuation Allowance [Line Items]
Effective tax rate	152.80%	(25.80%)	91.10%	19.10%

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended						9 Months Ended
	Sep. 24, 2022	Jun. 25, 2022	Mar. 26, 2022	Sep. 25, 2021	Jun. 26, 2021	Mar. 27, 2021	Sep. 24, 2022	Sep. 25, 2021
Net Income Per Common Share [Line Items]
Income from continuing operations	$ (3.8)			$ 60.4			$ 3.2	$ 136.2
Income (loss) on discontinued operations	20.6			(146.5)			14.7	(141.4)
Net income (loss)	$ 16.8	$ 1.2	$ (0.1)	$ (86.1)	$ 35.6	$ 45.3	$ 17.9	$ (5.2)
Basic weighted-average shares	44.5			49.4			46	49.5
Effect of dilutive securities	0			3.4			3	3.6
Diluted weighted-average shares	44.5			52.8			49	53.1
Basic (loss) earnings from continuing operations - per share	$ (0.09)			$ 1.22			$ 0.07	$ 2.75
Basic earnings (loss) from discontinued operations - per share	0.47			(2.97)			0.32	(2.85)
Basic earnings (loss) per share - Total	0.38			(1.75)			0.39	(0.10)
Diluted (loss) earnings from continuing operations - per share	(0.09)			1.14			0.07	2.56
Diluted earnings (loss) from discontinued operations - per share	0.47			(2.77)			0.30	(2.66)
Diluted earnings (loss) per share - Total	$ 0.38			$ (1.63)			$ 0.37	$ (0.10)
Excluded anti-dilutive shares	2.5			2.4			2.6	2.6

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 24, 2022	Jun. 25, 2022	Mar. 26, 2022	Sep. 25, 2021	Jun. 26, 2021	Mar. 27, 2021	Sep. 24, 2022	Sep. 25, 2021	Dec. 25, 2021	Dec. 26, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ (602,100,000)						$ (602,100,000)		$ (687,900,000)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax							(16,600,000)	$ 5,300,000
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax							102,400,000	2,500,000
Other comprehensive (loss) income	(31,900,000)	$ 103,700,000	$ 14,000,000	$ (1,700,000)	$ 4,200,000	$ 5,300,000	85,800,000	7,800,000
Gain (Loss) Reclassification Adjustment From AOCI On Derivatives Before Tax							(800,000)	200,000
Gain (Loss) Reclassification Adjustment From AOCI On Derivatives, Tax							200,000	0
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax							600,000	(200,000)
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, before Tax							(500,000)	400,000
Other Comprehensive Income (Loss), Defined Benefit Plan, Settlement and Curtailment Gain (Loss), before Tax							0	(1,400,000)
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax							1,200,000	(2,600,000)
Amounts reclassified from accumulated other comprehensive loss, pension and other post-retirement items, tax							(300,000)	900,000
Total shareholders' equity (deficit)	(175,400,000)	(159,100,000)	(266,100,000)	(223,300,000)	(112,800,000)	(153,300,000)	(175,400,000)	(223,300,000)	(207,100,000)	$ (204,700,000)
AOCI Attributable to Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive (loss) income	(31,900,000)	103,700,000	14,000,000	(1,700,000)	4,200,000	5,300,000
Total shareholders' equity (deficit)	(602,100,000)	(570,200,000)	$ (673,900,000)	(678,100,000)	$ (676,400,000)	$ (680,600,000)	(602,100,000)	(678,100,000)	(687,900,000)	(685,900,000)
Foreign Currency Items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax							(17,500,000)	4,400,000
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(30,100,000)	$ 132,700,000					102,600,000	0
Other comprehensive (loss) income							85,100,000	4,400,000
Total shareholders' equity (deficit)	(579,400,000)			(644,000,000)			(579,400,000)	(644,000,000)	(664,500,000)	(648,400,000)
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax							500,000	500,000
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax							(600,000)	(200,000)
Other comprehensive (loss) income							(100,000)	300,000
Total shareholders' equity (deficit)	100,000			500,000			100,000	500,000	200,000	200,000
Pension and Other Post-retirement Items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax							400,000	400,000
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax							400,000	2,700,000
Other comprehensive (loss) income							800,000	3,100,000
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Parent							400,000	(2,700,000)
Total shareholders' equity (deficit)	$ (22,800,000)			$ (34,600,000)			$ (22,800,000)	$ (34,600,000)	$ (23,600,000)	$ (37,700,000)

Cash, Cash Equivalents, and R_3

Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Millions	Sep. 24, 2022	Dec. 25, 2021
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 102.9	$ 267.2
Restricted Cash	8.7	6.6
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 111.6	$ 273.8

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($) $ in Millions	Sep. 24, 2022	Dec. 25, 2021
Receivables [Abstract]
Accounts receivable	$ 93.6	$ 117.3
Accounts Receivable, Allowance for Credit Loss	(21.7)	(31.1)
Accounts receivable, net	$ 71.9	$ 86.2

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Sep. 24, 2022	Dec. 25, 2021
Inventory, Net [Abstract]
Finished goods	$ 183.2	$ 181.2
Work in process	35.8	28.4
Raw materials and supplies	30.7	22.6
Inventory, net	$ 249.7	$ 232.2

Long-Term Receivables (Details)

Long-Term Receivables (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 24, 2022	Dec. 25, 2021
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Financing Receivable, before Allowance for Credit Loss	$ 27.7	$ 33.3
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance for allowance for long-term receivables	(25.6)
Write-offs	0
Recoveries	0.1
Provision	(1.7)
Currency translation adjustment	3
Ending balance	(24.2)
Long-term receivables, net	3.5
Financing Receivable, Past Due [Line Items]
Long-term receivables, net	3.5
Financing Receivable, before Allowance for Credit Loss	27.7	33.3
Financing Receivable, Allowance for Credit Loss	24.2	25.6
Financial Asset, Past Due
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Long-term receivables, net	24.1	29.2
Financing Receivable, Past Due [Line Items]
Long-term receivables, net	$ 24.1	$ 29.2

Held for Sale Assets and Disc_3

Held for Sale Assets and Discontinued Operations - Narrative (Details) - USD ($)	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 24, 2022	Jun. 25, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021	Dec. 25, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax	$ 22,600,000		$ (148,100,000)	$ 21,400,000	$ (147,100,000)	$ (133,500,000)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax				(102,400,000)	(2,500,000)
Accumulated Foreign Currency Adjustment Attributable to Parent
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	30,100,000	$ (132,700,000)		(102,600,000)	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	140,900,000
Discontinued Operations, Held-for-sale or Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax	$ 22,600,000		$ (148,100,000)	$ 21,400,000	$ (147,100,000)

Held for Sale Assets and Disc_4

Held for Sale Assets and Discontinued Operations - Discontinued Operations, Income Statement Disclosure (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 24, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021	Dec. 25, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
(Loss) income from operations of discontinued operations before gain (loss) on held for sale and income taxes	$ (0.7)	$ 4.3	$ (6.2)	$ 8.1
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax	(22.6)	148.1	(21.4)	147.1	$ 133.5
Provision for income taxes	1.3	2.7	0.5	2.4
Income (loss) on discontinued operations	20.6	(146.5)	14.7	(141.4)
Discontinued Operations, Held-for-sale or Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	3.1	45.2	62.7	139.7
Cost of products sold	1.3	16.9	24.4	51.6
Gross profit	1.8	28.3	38.3	88.1
Selling and administrative expenses	2.6	23.5	43.6	77.9
Re-engineering charges	0	0.1	0.4	0.1
Disposal Group, Including Discontinued Operation, Other Expense	(0.1)	(0.4)	(0.5)	(2)
(Loss) income from operations of discontinued operations before gain (loss) on held for sale and income taxes	(0.7)	4.3	(6.2)	8.1
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax	(22.6)	148.1	(21.4)	147.1
Income (loss) from discontinued operations before income taxes	21.9	(143.8)	15.2	(139)
Provision for income taxes	1.3	2.7	0.5	2.4
Income (loss) on discontinued operations	$ 20.6	$ (146.5)	$ 14.7	$ (141.4)

Held for Sale Assets and Disc_5

Held for Sale Assets and Discontinued Operations - Discontinued Operations, Balance Sheet Disclosures (Details) - USD ($) $ in Millions	Sep. 24, 2022	Dec. 25, 2021	Sep. 25, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	$ 0		$ 0.7
Total assets of discontinued operations - current	0	$ 7.9
Assets held for sale	0	18.5
Current liabilities held for sale	6.7	135.8
Liabilities held for sale	1	17.8
Discontinued Operations, Held-for-sale or Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	0	0.2
Accounts receivable, net	2.9	14.9
Inventory, net	4	25.8
Non-trade accounts receivable, net	0	2.2
Prepaid expenses and other current assets	0.5	1.5
Accumulated translation adjustment losses, current	(7.4)	(36.7)
Total assets of discontinued operations - current	0	7.9
Deferred tax assets, net	0	6.2
Property, plant and equipment, net	0.8	7.8
Operating lease assets	1.8	11.1
Trade names, net	0	6.7
Goodwill	1.9	1.7
Other assets, net	0	2.7
Accumulated translation adjustment losses	(4.5)	(17.7)
Assets held for sale	0	18.5
Total assets of discontinued operations	0	26.4
Accounts payable	1.3	17
Accrued liabilities	1.5	30.5
Accumulated translation adjustment losses, current	3.9	88.3
Current liabilities held for sale	6.7	135.8
Operating lease liabilities	1	8.6
Other liabilities	0	9.2
Liabilities held for sale	1	17.8
Total liabilities of discontinued operations	$ 7.7	$ 153.6

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 24, 2022	Jun. 25, 2022	Mar. 26, 2022	Sep. 25, 2021	Jun. 26, 2021	Mar. 27, 2021	Sep. 24, 2022	Sep. 25, 2021	Dec. 25, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Change in Unrealized Gain (Loss) on Foreign Currency Fair Value Hedging Instruments	$ (0.2)			$ 1.8			$ (1.8)	$ 4.1
Other Comprehensive Income (Loss), Net of Tax	31.9	$ (103.7)	$ (14)	1.7	$ (4.2)	$ (5.3)	(85.8)	(7.8)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax							0.6	(0.2)
Accumulated Other Comprehensive Income (Loss), Net of Tax	602.1						602.1		$ 687.9
Derivative, Fair Value, Net	0.1						0.1		$ 1.2
Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	(0.7)			0			0.9	0
Net Equity Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	$ 11.7			$ (4)			$ 23.2	$ (4.9)

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Outstanding Derivative Financial Instruments at Notional Value) (Details) - Forward Contracts - USD ($) $ in Millions	Sep. 24, 2022	Dec. 25, 2021
Derivative [Line Items]
Derivative Asset, Notional Amount	$ 171	$ 96.4
Derivative Liability, Notional Amount	170.3	99.2
Switzerland, Francs | Short
Derivative [Line Items]
Derivative Liability, Notional Amount	57.3	32.6
U.S. dollars | Long
Derivative [Line Items]
Derivative Asset, Notional Amount		63.1
Euro | Short
Derivative [Line Items]
Derivative Asset, Notional Amount	11.4
Derivative Liability, Notional Amount		35.7
Mexico, Pesos | Long
Derivative [Line Items]
Derivative Asset, Notional Amount	53.8
Indonesia, Rupiahs | Long
Derivative [Line Items]
Derivative Asset, Notional Amount	$ 89.3
Japan, Yen | Long
Derivative [Line Items]
Derivative Asset, Notional Amount		$ 14.3

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities (Company's Derivative Positions and Their Impact on Financial Position) (Details) - Significant Other Observable Inputs (Level 2) - Designated as Hedging Instrument - Foreign exchange contracts - USD ($) $ in Millions	Sep. 24, 2022	Dec. 25, 2021
Non-Trade Amounts Receivable
Derivatives, Fair Value [Line Items]
Derivative Asset	$ 1.3	$ 8.5
Accrued Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	$ (1.3)	$ (7.3)

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities (Company's Derivative Positions and Their Impact on Company's Operations) (Details) - Cash Flow Hedges - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 24, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss) Impact from Cash Flow Hedging	$ (0.5)	$ 0.2	$ 1.1	$ 0.6
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax	$ (0.7)	$ 0	$ 0.9	$ 0

Deferred Revenue (Details)

Deferred Revenue (Details) - USD ($) $ in Millions	Sep. 24, 2022	Dec. 25, 2021
Revenue Recognition and Deferred Revenue [Abstract]
Deferred Revenue	$ 8.2	$ 4.5

Debt - Components of debt (Deta

Debt - Components of debt (Details) € in Millions, $ in Millions	Sep. 24, 2022 USD ($) Rate	Dec. 25, 2021 USD ($) Rate	Nov. 23, 2021 EUR (€)
Debt Instrument [Line Items]
Finance leases	$ 0	$ 1.8
Current debt and finance lease obligations	13	8.9
Unamortized debt issuance costs	(3.2)	(2.9)
Long-term debt and finance lease obligations	687.8	700.5
Total debt	$ 700.8	$ 709.4
Line of Credit
Debt Instrument [Line Items]
Consolidated Net Leverage Ratio | Rate	417%	211%
Term Loan
Debt Instrument [Line Items]
Term loan	$ 369.2	$ 398.5
Term Loan | Line of Credit
Debt Instrument [Line Items]
Term loan | €			€ 176
Revolving Credit Facility
Debt Instrument [Line Items]
Term loan	332.8	312
Line of Credit
Debt Instrument [Line Items]
Current debt and finance lease obligations	$ 2	$ 0

Debt - Credit Agreement (Detail

Debt - Credit Agreement (Details) € in Millions, $ in Millions			3 Months Ended
	Aug. 01, 2022 Rate	Nov. 23, 2021 USD ($)	Sep. 24, 2022 USD ($) Rate	Dec. 25, 2021 USD ($) Rate	Nov. 23, 2021 EUR (€)	Nov. 23, 2021 Rate	Nov. 23, 2021
Line of Credit
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity		$ 480
Unrestricted Cash Reduction for Net Leverage Ratio			$ (100)
Debt Instrument, Covenant, Consolidated Interest Coverage Ratio			5.93	8.23
Debt Instrument, Covenant, Consolidated Interest Coverage Ratio, Increase From Acquisition		25%
Excess Cash Consideration		$ 75
Unused lines of credit			$ 135.3
Consolidated Net Leverage Ratio | Rate			417%	211%
Debt Instrument, Covenant, Consolidated Interest Coverage Ratio, Pricing Plan Two	350%
Debt Instrument, Covenant, Consolidated Interest Coverage Ratio, Pricing Plan Three	275%
Line of Credit | Global [Domain]
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity		450
Line of Credit | Mexican tranche [Domain]
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity		15
Line of Credit | Singapore tranche [Domain]
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity		15
Letter of Credit [Member] | Line of Credit | Global [Domain]
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity		50
Minimum | Line of Credit
Debt Instrument [Line Items]
Debt Instrument, Covenant, Consolidated Interest Coverage Ratio, Pricing Plan One	300%
Minimum | Line of Credit | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0%
Maximum | Line of Credit
Debt Instrument [Line Items]
Debt Instrument, Covenant, Consolidated Interest Coverage Ratio						3.75	3
Debt Instrument, Covenant, Consolidated Interest Coverage Ratio, Period One | Rate	450%
Debt Instrument, Covenant, Consolidated Interest Coverage Ratio, Period Two | Rate	425%
Debt Instrument, Covenant, Consolidated Interest Coverage Ratio, Period Three | Rate	375%
Debt Instrument, Covenant, Consolidated Interest Coverage Ratio, Pricing Plan One	350%
Uncommitted Lines of credit | Line of Credit
Debt Instrument [Line Items]
Unused lines of credit			$ 4
Revolving Credit Facility
Debt Instrument [Line Items]
Term loan			332.8	$ 312
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		730
Line of Credit Facility, Additional Borrowing Capacity		250
Unused lines of credit			$ 131.3
Revolving Credit Facility | Line of Credit | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate			275%
Weighted average interest rate on LIBOR-based borrowings			4.39%
Revolving Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Line of Credit Facility, Additional Borrowing Capacity		250
Revolving Credit Facility | Bridge Loan | Line of Credit
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		100
Revolving Credit Facility | Subsidiaries [Member] | Line of Credit
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		325
Revolving Credit Facility | Maximum | Line of Credit
Debt Instrument [Line Items]
Consolidated Net Leverage Ratio, Net of Unrestricted Cash, Limit		100
Debt Instrument, Covenant, Consolidated Interest Coverage Ratio | Rate						3
Term Loan
Debt Instrument [Line Items]
Term loan			$ 369.2	$ 398.5
Term Loan | Line of Credit
Debt Instrument [Line Items]
Term loan | €					€ 176
Term Loan-USD | Line of Credit
Debt Instrument [Line Items]
Term loan		$ 200

Retirement Benefit Plans (Detai

Retirement Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 24, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021
Defined Benefit Plan Disclosure [Line Items]
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, Tax			$ 0.7	$ 3.6
Other expense (income)
Defined Benefit Plan Disclosure [Line Items]
Net periodic cost (benefit)			1.4	4.3
Pension benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1	$ 1.7	3.3	5.3
Interest cost	0.6	1.3	2	3
Return on plan assets	(0.5)	(0.8)	(1.5)	(2.5)
Settlement/curtailment	0	(0.2)	0	(1.4)
Net amortization	0.5	0.9	1.2	2.6
Net periodic cost (benefit)	1.6	3.3	5	9.8
Post-retirement benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	0	0	0.1
Interest cost	0.1	0	0.2	0.2
Return on plan assets	0	0	0	0
Settlement/curtailment	0	0	0	0
Net amortization	(0.2)	(0.1)	(0.5)	(0.4)
Net periodic cost (benefit)	$ (0.1)	$ (0.1)	$ (0.3)	$ (0.1)

Commitment and Contingencies (D

Commitment and Contingencies (Details)	Sep. 24, 2022
Minimum
Other Commitments [Line Items]
Lease, term	1 year
Maximum
Other Commitments [Line Items]
Lease, term	4 years

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Millions	Sep. 24, 2022	Dec. 25, 2021
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Debt, Carrying Value	$ 702	$ 710.5
Term Loan
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Debt, Carrying Value	369.2	398.5
Revolving Credit Facility
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Debt, Carrying Value	332.8	312
Significant Other Observable Inputs (Level 2)
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	660.1	710.5
Significant Other Observable Inputs (Level 2) | Term Loan
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	347.2	398.5
Significant Other Observable Inputs (Level 2) | Revolving Credit Facility
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	$ 312.9	$ 312

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 24, 2022	Sep. 25, 2021	Sep. 24, 2022	Sep. 25, 2021	Dec. 25, 2021
Segment Reporting Information [Line Items]
Net sales	$ 302.8	$ 376.9	$ 991.3	$ 1,207.4
Segment profit	33.1	64.4	120.8	237.8
Unallocated expenses	12.1	7.2	47.4	30.9
Re-engineering charges	4.5	1.8	13	9.7	$ 14.8
Loss (gain) on disposal of assets	0.7	(1.7)	2.3	(8.9)
Loss on debt extinguishment	0	0	0	(8.1)
Interest expense	8.3	8.2	18.9	29.7
Interest income	(1.3)	(0.3)	(3.2)	(0.9)
Other Operating Income (Expense), Net	1.6	1.2	6.6	0.8
Income from continuing operations before income taxes	7.2	48	35.8	168.4
Total identifiable assets	1,053.6		1,053.6		1,255.4
Asia Pacific
Segment Reporting Information [Line Items]
Net sales	85.4	112.9	273.9	343.8
Segment profit	11.1	25.7	35.3	81.9
Total identifiable assets	222.4		222.4		248.3
Europe
Segment Reporting Information [Line Items]
Net sales	60.8	91.3	222.6	326.8
Segment profit	2	14.7	14.3	66.5
Total identifiable assets	188.9		188.9		215.3
North America
Segment Reporting Information [Line Items]
Net sales	86.3	103.1	292.4	343
Segment profit	5.7	10.5	32.3	42.6
Total identifiable assets	199.5		199.5		194.1
South America
Segment Reporting Information [Line Items]
Net sales	70.3	69.6	202.4	193.8
Segment profit	14.3	$ 13.5	38.9	$ 46.8
Total identifiable assets	111		111		94.9
Corporate
Segment Reporting Information [Line Items]
Total identifiable assets	$ 331.8		$ 331.8		$ 502.8