Brunswick (BC) 10-Q2 May 242024 Q1 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Mar. 30, 2024	Apr. 30, 2024
Entity Information Line Items [Abstract]
Entity File Number	001-01043
Amendment Flag	false
Document Type	10-Q
Document Period End Date	Mar. 30, 2024
Entity Registrant Name	Brunswick Corporation
Entity Address, Address Line One	26125 N. Riverwoods Blvd., Suite 500
Entity Address, City or Town	Mettawa
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60045-3420
City Area Code	847
Local Phone Number	735-4700
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		67,567,180
Entity Incorporation, State or Country Code	DE
Entity Central Index Key	0000014930
Entity Tax Identification Number	36-0848180
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Document Quarterly Report	true
Document Transition Report	false
NEW YORK STOCK EXCHANGE, INC. [Member] \| Common Stock [Member]
Entity Information [Line Items]
Security Exchange Name	NYSE
Title of 12(b) Security	Common stock, par value $0.75 per share
Trading Symbol	BC
NEW YORK STOCK EXCHANGE, INC. [Member] \| 6.500% Senior Notes due 2048 [Member]
Entity Information [Line Items]
Security Exchange Name	NYSE
Title of 12(b) Security	6.500% Senior Notes due 2048
Trading Symbol	BC-A
NEW YORK STOCK EXCHANGE, INC. [Member] \| 6.625% Senior Notes due 2049 [Member]
Entity Information [Line Items]
Security Exchange Name	NYSE
Title of 12(b) Security	6.625% Senior Notes due 2049
Trading Symbol	BC-B
NEW YORK STOCK EXCHANGE, INC. [Member] \| 6.375% Senior Notes due 2049 [Member]
Entity Information [Line Items]
Security Exchange Name	NYSE
Title of 12(b) Security	6.375% Senior Notes due 2049
Trading Symbol	BC-C
CHICAGO STOCK EXCHANGE, INC [Member] \| Common Stock [Member]
Entity Information [Line Items]
Security Exchange Name	CHX
Title of 12(b) Security	Common stock, par value $0.75 per share
Trading Symbol	BC

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Income Statement [Abstract]
Net Sales	$ 1,365	$ 1,743.6
Cost of Sales	991.4	1,238
Selling, General and Administrative Expense	203.7	211.3
Research and Development Expense	45.8	48.7
Restructuring, Exit and Impairment Charges	13.5	9.5
Operating Earnings	110.6	236.1
Equity Earnings	2.5	2.2
Other Income (Expense), Net	0	(0.9)
Earnings Before Interest and Income Taxes	113.1	237.4
Interest Expense	(28.6)	(28.2)
Interest Income	2.5	2.2
Earnings Before Income Taxes	87	211.4
Income Tax Provision	18.6	99
Net Earnings from Continuing Operations	68.4	112.4
Discontinued operations:
Net Loss From Discontinued Operations, Net of Tax	(0.4)	(0.1)
Net Earnings (Loss)	$ 68	$ 112.3
Basic
Earnings from Continuing Operations	$ 1	$ 1.57
Loss from Discontinued Operations	(0.01)	0
Net Earnings (Loss)	0.99	1.57
Diluted
Earnings from Continuing Operations	1	1.56
Loss from Discontinued Operations	(0.01)	0
Net Earnings (Loss)	$ 0.99	$ 1.56
Weighted Average Shares Used for Computation of [Abstract]
Basic Earnings (Loss) Per Common Share	68.3	71.5
Diluted Earnings (Loss) per Common Share	68.5	71.8
Comprehensive Income (loss)	$ 57.5	$ 115.9
Cash Dividends Declared Per Common Share (in Dollars per Share)		$ 0.40

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 30, 2024	Dec. 31, 2023	Apr. 01, 2023
Current Assets
Cash and Cash Equivalents, at Cost, Which Approximates Fair Value	$ 548.4	$ 467.8	$ 387.8
Restricted cash	11.1	11.1	11.1
Short-Term Investments in Marketable Securities	0.8	0.8	0.8
Total Cash and Short-Term Investments in Marketable Securities	560.3	479.7	399.7
Accounts and Notes Receivable, less Allowances of $12.0, $8.5 and $8.1	616.8	493.2	698
Inventories
Finished Goods	1,028.1	932	858.6
Work-In-Process	166	181.6	218.4
Raw Materials	360.9	363.2	429
Net Inventories	1,555	1,476.8	1,506
Prepaid Expenses and Other	75.1	60	74.7
Current Assets	2,807.2	2,509.7	2,678.4
Property
Land	44	44.1	42.8
Buildings and Improvements	621.7	619.7	582.7
Equipment	1,560.5	1,551.5	1,506.7
Total Land, Buildings and Improvements and Equipment	2,226.2	2,215.3	2,132.2
Accumulated Depreciation	(1,153.8)	(1,135.5)	(1,074.2)
Net Land, Buildings and Improvements and Equipment	1,072.4	1,079.8	1,058
Unamortized Product Tooling Costs	236.6	236	235.5
Net Property	1,309	1,315.8	1,293.5
Other Assets
Goodwill	1,026.3	1,030.7	974
Other Intangibles, Net	964.3	978	992.4
Operating Lease Assets	158.9	152.2	122.6
Deferred Income Tax Asset	185.5	186.8	148.3
Equity Investments	41.4	38.7	61.5
Other Long-Term Assets	16.1	18.6	17.9
Other Assets	2,392.5	2,405	2,316.7
Total Assets	6,508.7	6,230.5	6,288.6
Current Liabilities
Short-Term Debt and Current Maturities of Long-Term Debt	455.4	454.7	89.8
Accounts Payable	513.8	558	594
Accrued Expenses	704.6	739.4	754.8
Current Liabilities	1,673.8	1,752.1	1,438.6
Long-Term Liabilities
Debt	2,371.9	1,975.7	2,420.5
Operating Lease Liabilities	140.7	133.9	106.3
Postretirement Benefits	49.7	52.5	48.3
Other	210.9	216.5	200
Long-Term Liabilities	2,785.3	2,391	2,787.5
Shareholders' equity
Common Stock; Authorized: 200,000,000 Shares, $0.75 Par Value; Issued: 102,538,000 Shares; Outstanding: 79,114,000, 79,569,000 and 87,063,000 Shares	76.9	76.9	76.9
Additional Paid-In Capital	383.4	392	376
Retained Earnings	3,636.3	3,596.9	3,372.3
Treasury Stock, at Cost: 23,424,000, 22,969,000 and 15,475,000 Shares	(2,010.8)	(1,952.7)	(1,736.8)
Accumulated Other Comprehensive Loss	(36.2)	(25.7)	(25.9)
Shareholders' Equity	2,049.6	2,087.4	2,062.5
Total Liabilities and Shareholders' Equity	$ 6,508.7	$ 6,230.5	$ 6,288.6
Common Stock, Shares Authorized (in Shares)	200,000,000	200,000,000	200,000,000
Common Stock, Par Value (in Dollars per Share)	$ 0.75	$ 0.75	$ 0.75
Common Stock, Shares Issued (in Shares)	102,538,000	102,538,000	102,538,000
Accounts and Notes Receivable, Allowances	$ 11.2	$ 10.8	$ 10.6
Common Stock, Shares Outstanding (in Shares)	67,689,000	68,227,000	70,891,000
Treasury Stock, Shares (in Shares)	34,849,000	34,311,000	31,647,000
Deferred Income Taxes and Other Tax Liabilities, Noncurrent	$ 12.1	$ 12.4	$ 12.4

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 30, 2024	Dec. 31, 2023	Apr. 01, 2023
Current Assets
Accounts and Notes Receivable, Allowances	$ 11.2	$ 10.8	$ 10.6
Shareholders' equity
Common Stock, Shares Authorized (in Shares)	200,000,000	200,000,000	200,000,000
Common Stock, Par Value (in Dollars per Share)	$ 0.75	$ 0.75	$ 0.75
Common Stock, Shares Issued (in Shares)	102,538,000	102,538,000	102,538,000
Common Stock, Shares Outstanding (in Shares)	67,689,000	68,227,000	70,891,000

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Cash Flows from Operating Activities
Net Earnings (Loss)	$ 68	$ 112.3
Less: Net loss from Discontinued Operations, Net of Tax	(0.4)	(0.1)
Net Earnings from Continuing Operations, net of tax	68.4	112.4
Stock Compensation Expense	6.1	5.9
Depreciation and Amortization	69.4	64.7
Pension Expense, Net of (Funding)	(0.3)	(0.6)
Deferred Income Taxes	1.9	2.2
Changes in Certain Current Assets and Current Liabilities	(301.2)	(269.7)
Long-Term Extended Warranty Contracts and Other Deferred Revenue	2.1	2.5
Income Taxes	0.2	78.4
Other, net	4.8	(11.5)
Asset Impairment Charges	0.5	1.2
Net Cash used by Operating Activities of Continuing Operations	(148.1)	(14.5)
Net Cash Provided by (Used for) Operating Activities of Discontinued Operations	(5.3)	(1.3)
Net Cash used for Operating Activities	(153.4)	(15.8)
Cash Flows from Investing Activities
Capital Expenditures	(54)	(93.5)
Proceeds from Sale and Maturity of Marketable Securities	0	3.8
Investments	(3)	(7.6)
Payments to Acquire Businesses and Interest in Affiliates	(0.7)	0
Proceeds from the Sale of Property, Plant and Equipment	2.3	2.7
Net Cash Used for Investing Activities	(55.4)	(94.6)
Cash Flows from Financing Activities
Repayments of Long-term Debt	0.6	0.6
Proceeds From Issuances of Short-Term Debt	1.1	1.4
Payments of Short-Term Debt	(0.9)	(0.2)
Net Proceeds from Issuances of Long-Term Debt	396.9	0
Payments of Long-Term Debt Including Current Maturities	(0.6)	(0.6)
Common Stock Repurchases	(63.6)	(60)
Cash Dividends Paid	(28.6)	(28.5)
Tax Withholding Associated with Shares Issued for Share-Based Compensation	(9.2)	(13)
Other, net	(1)	0
Net Cash Provided by Financing Activities	294.1	(100.9)
Effect of Exchange Rate Changes	(4.7)	1.7
Net Increase (Decrease) in Cash and Cash Equivalents and Restricted Cash	80.6	(209.6)
Cash and Cash Equivalents and Restricted Cash at Beginning of Period	478.9	608.5
Cash and Cash Equivalents and Restricted Cash at End of Period	559.5	398.9
Less: Restricted Cash	11.1	11.1
Cash and Cash Equivalents at End of Period	$ 548.4	$ 387.8

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders' Equity Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Millions	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock, Common
Balance, at Beginning of the Period at Dec. 31, 2022	$ 2,042.3	$ 76.9	$ 391.3	$ 3,288.5	$ (29.5)	$ (1,684.9)
Net Earnings (Loss)	112.3	0	0	112.3	0	0
Other Comprehensive Income	3.6	0	0	0	3.6	0
Dividends	28.5	0	0	28.5	0	0
Compensation Plans and Other	(6.8)	0	(15.3)	0	0	(8.5)
Common Stock Repurchases	(60.4)	0	0	0	0	(60.4)
Balance, at End of Period at Apr. 01, 2023	$ 2,062.5	76.9	376	3,372.3	(25.9)	(1,736.8)
Cash Dividends Declared Per Common Share (in Dollars per Share)	$ 0.40
Balance, at Beginning of the Period at Dec. 31, 2023	$ 2,087.4	76.9	392	3,596.9	(25.7)	(1,952.7)
Net Earnings (Loss)	68	0	0	68	0	0
Other Comprehensive Income	(10.5)	0	0	0	(10.5)	0
Dividends	28.6	0	0	28.6	0	0
Compensation Plans and Other	(2.6)	0	(8.6)	0	0	(6)
Common Stock Repurchases	(64.1)	0	0	0	0	(64.1)
Balance, at End of Period at Mar. 30, 2024	$ 2,049.6	$ 76.9	$ 383.4	$ 3,636.3	$ (36.2)	$ (2,010.8)

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
Significant Accounting Policies	Mar. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	Note 1 – Significant Accounting Policies Interim Financial Statements. Brunswick's unaudited interim condensed consolidated financial statements have been prepared pursuant to SEC rules and regulations. Therefore, certain information and disclosures normally included in financial statements and related notes prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) have been condensed or omitted. These financial statements should be read in conjunction with, and have been prepared in conformity with, the accounting principles reflected in the consolidated financial statements and related notes included in Brunswick's 2023 Annual Report on Form 10-K for the year ended December 31, 2023 (the 2023 Form 10-K). These results include, in management's opinion, all normal and recurring adjustments necessary to present fairly Brunswick's financial position, results of operations and cash flows. Due to the seasonality of Brunswick's businesses, the interim results are not necessarily indicative of the results that may be expected for the remainder of the year. The Company maintains its financial records on the basis of a fiscal year ending on December 31, with the fiscal quarters spanning approximately thirteen weeks. The first quarter ends on the Saturday closest to the end of the first thirteen-week period. The second and third quarters are thirteen weeks in duration and the fourth quarter is the remainder of the year. The first quarter of fiscal year 2024 ended on March 30, 2024 and the first quarter of fiscal year 2023 ended on April 1, 2023.

Revenue Recognition (Notes)

Revenue Recognition (Notes)	3 Months Ended
Revenue Recognition (Notes)	Mar. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	Revenue Recognition The following tables present the Company's revenue in categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors: Three Months Ended March 30, 2024 (in millions) Propulsion Engine P&A Navico Group Boat Total Geographic Markets United States $ 378.7 $ 179.5 $ 123.5 $ 333.7 $ 1,015.4 Europe 87.0 27.4 61.7 40.0 216.1 Asia-Pacific 43.8 25.4 16.0 5.5 90.7 Canada 16.0 15.2 4.2 37.5 72.9 Rest-of-World 52.7 14.9 5.5 9.0 82.1 Segment Eliminations (82.4) (1.7) (28.1) — (112.2) Total $ 495.8 $ 260.7 $ 182.8 $ 425.7 $ 1,365.0 Three Months Ended April 1, 2023 (in millions) Propulsion Engine P&A Navico Group Boat Total Geographic Markets United States $ 495.8 $ 202.9 $ 182.3 $ 440.0 $ 1,321.0 Europe 115.5 27.0 65.4 51.1 259.0 Asia-Pacific 58.5 27.9 18.6 7.3 112.3 Canada 28.4 18.8 5.2 65.9 118.3 Rest-of-World 53.4 12.0 5.8 10.9 82.1 Segment Eliminations (113.7) (2.0) (33.1) (0.3) (149.1) Total $ 637.9 $ 286.6 $ 244.2 $ 574.9 $ 1,743.6 Three Months Ended March 30, 2024 (in millions) Propulsion Engine P&A Navico Group Boat Total Major Product Lines Outboard Engines $ 450.5 $ — $ — $ — $ 450.5 Controls, Rigging, and Propellers 90.4 — — — 90.4 Sterndrive Engines 37.3 — — — 37.3 Distribution — 152.4 — — 152.4 Products — 110.0 — — 110.0 Navico Group — — 210.9 — 210.9 Aluminum Freshwater Boats — — — 150.2 150.2 Recreational Fiberglass Boats — — — 135.3 135.3 Saltwater Fishing Boats — — — 107.2 107.2 Business Acceleration — — — 49.2 49.2 Boat Eliminations/Other — — — (16.2) (16.2) Segment Eliminations (82.4) (1.7) (28.1) — (112.2) Total $ 495.8 $ 260.7 $ 182.8 $ 425.7 $ 1,365.0 Three Months Ended April 1, 2023 (in millions) Propulsion Engine P&A Navico Group Boat Total Major Product Lines Outboard Engines $ 593.2 $ — $ — $ — $ 593.2 Controls, Rigging, and Propellers 106.0 — — — 106.0 Sterndrive Engines 52.4 — — — 52.4 Distribution — 175.3 — — 175.3 Products — 113.3 — — 113.3 Navico Group — — 277.3 — 277.3 Aluminum Freshwater Boats — — — 230.4 230.4 Recreational Fiberglass Boats — — — 198.4 198.4 Saltwater Fishing Boats — — — 113.1 113.1 Business Acceleration — — — 39.8 39.8 Boat Eliminations/Other — — — (6.5) (6.5) Segment Eliminations (113.7) (2.0) (33.1) (0.3) (149.1) Total $ 637.9 $ 286.6 $ 244.2 $ 574.9 $ 1,743.6 As of December 31, 2023, $187.1 million of contract liabilities associated with extended warranties, deferred revenue and customer deposits were reported in Accrued expenses and Other long-term liabilities, of which $20.5 million were recognized as revenue during the three months ended March 30, 2024. As of March 30, 2024, total contract liabilities were $198.4 million. The total amount of the transaction price allocated to unsatisfied performance obligations as of March 30, 2024 was $189.8 million for contracts greater than one year, which primarily relates to extended warranties. The Company expects to recognize $48.6 million of this amount in 2024, $52.0 million in 2025, and $89.2 million thereafter.

Restructuring, Exit and Integra

Restructuring, Exit and Integration Activities	3 Months Ended
Restructuring, Exit and Integration Activities	Mar. 30, 2024
Restructuring and Related Activities [Abstract]
Restructuring, Exit and Integration Activities [Text Block]	Restructuring, Exit and Impairment Activities The Company recorded restructuring, exit and impairment charges in the Condensed Consolidated Statements of Comprehensive Income in 2024. During the three months ended March 30, 2024 and April 1, 2023, the Company recorded restructuring charges related to headcount reductions and related costs associated with streamlining the enterprise-wide cost structure and improving operating efficiencies. The following table is a summary of these expenses for the three months ended March 30, 2024: (in millions) Propulsion Engine P&A Navico Group Boat Corporate Total Restructuring, exit and impairment activities: Employee termination and other benefits $ 5.6 $ 3.3 $ 2.2 $ 1.0 $ 0.9 $ 13.0 Asset-related — — 0.5 — — 0.5 Total restructuring, exit and impairment charges $ 5.6 $ 3.3 $ 2.7 $ 1.0 $ 0.9 $ 13.5 Total cash payments for restructuring, exit and impairment charges (A) $ 2.7 $ 1.6 $ 6.2 $ 1.0 $ 0.9 $ 12.4 Accrued charges at end of the period (B) $ 4.1 $ 2.4 $ 1.1 $ 1.7 $ 0.6 $ 9.9 (A) Cash payments for the three months ended March 30, 2024 may include payments related to prior period charges. (B) Restructuring, exit and impairment charges accrued as of March 30, 2024 are expected to be paid in the next twelve months. The following table is a summary of these expenses for the three months ended April 1, 2023: (in millions) Engine P&A Navico Group Boat Corporate Total Restructuring, exit and impairment activities: Employee termination and other benefits $ 0.7 $ 2.4 $ 1.4 $ 0.7 $ 5.2 Asset-related — 1.2 — — 1.2 Professional fees — — — 3.1 3.1 Total restructuring, exit and impairment charges $ 0.7 $ 3.6 $ 1.4 $ 3.8 $ 9.5 Total cash payments for restructuring, exit and impairment charges (A) $ 0.2 $ 1.3 $ 0.7 $ 0.3 $ 2.5 Accrued charges at end of the period $ 0.5 $ 5.2 $ 0.7 $ 3.5 $ 9.9 (A) Cash payments for the three months ended April 1, 2023 may include payments related to prior period charges.

Financial Instruments

Financial Instruments	3 Months Ended
Financial Instruments	Mar. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	Financial Instruments The Company operates globally with manufacturing and sales facilities around the world. Due to the Company’s global operations, the Company engages in activities involving both financial and market risks. The Company utilizes normal operating and financing activities, along with derivative financial instruments, to minimize these risks. See Note 12 in the Notes to Consolidated Financial Statements in the 2023 Form 10-K for further details regarding the Company's financial instruments and hedging policies. Cross-Currency Swaps. The Company enters into cross-currency swaps to hedge Euro currency exposures of the net investment in certain foreign subsidiaries. The cross-currency swaps were designated as net investment hedges, with the amount of gain or loss associated with the change in fair value of these instruments deferred within Accumulated other comprehensive loss and recognized upon termination of the respective investment. During the fourth quarter of 2023, the company entered into $250.0 million of cross-currency swap contr acts. As of March 30, 2024 and December 31, 2023, the notional value of cross-currency swap contracts outstanding was $250.0 million. There were no cross-currency swaps outstanding as of April 1, 2023. Commodity Price. The Company uses commodity swaps to hedge anticipated purchases of aluminum and copper. As of March 30, 2024, December 31, 2023 and April 1, 2023, the notional value of commodity swap contracts outstanding was $27.7 million , $31.8 million and $28.5 million, respectively, and the contracts mature through 2025. The amount of gain or loss associated with the change in fair value of these instruments is deferred in Accumulated other comprehensive loss and recognized in Cost of sales in the same period or periods during which the hedged transaction affects earni ngs. As of March 30, 2024, the Company estimates that, during the next 12 months, it will reclassify approximately $1.0 million in net losses (based on current prices) from Accumulated other comprehensive loss to Cost of sales. Foreign Currency Derivatives. The Company enters into forward contracts to manage foreign exchange exposure related to forecasted transactions and assets and liabilities that are subject to risk from foreign currency exchange rate changes. Forward exchange contracts outstanding as of March 30, 2024, December 31, 2023 and April 1, 2023 had notional contract values of $720.2 million , $694.6 million and $690.6 million, respectively. The forward contracts outstanding as of March 30, 2024 mature through 2025 and mainly relate to the Euro, Australian dollar, Norwegian krone and Mexican peso. As of March 30, 2024, the Company estimates that during the next 12 months, it will reclassify approximate ly $5.3 million of net gains (based on current rates) from Accumulated other comprehensive loss to Cost of sales. Interest-Rate Derivatives. The Company had net deferred gains associated with previously settled forward-starting interest-rate swaps and treasury-lock swaps of $3.3 million as of March 30, 2024, December 31, 2023 , and April 1, 2023, respectively. These instruments were designated as cash flow hedges with gains and losses included in Accumulated other comprehensive loss. As of March 30, 2024, the Company estimates that during the next 12 months, it will reclassify approximately $0.1 million of net gains from Accumulated other comprehensive loss to Interest expense. As of March 30, 2024, December 31, 2023 and April 1, 2023, the fair values of the Company’s derivative instruments were: (in millions) Fair Value Asset Derivatives March 30, 2024 December 31, 2023 April 1, 2023 Derivatives Designated as Cash Flow Hedges Foreign exchange contracts $ 9.3 $ 4.1 $ 12.9 Commodity contracts 0.4 0.9 0.3 Total $ 9.7 $ 5.0 $ 13.2 Other Hedging Activity Foreign exchange contracts $ 0.7 $ 0.2 $ 0.7 Liability Derivatives Derivatives Designated as Cash Flow Hedges Foreign exchange contracts $ 2.4 $ 6.1 $ 6.0 Commodity contracts 0.7 0.8 1.0 Total $ 3.1 $ 6.9 $ 7.0 Derivatives Designated as Net Investment Hedges Cross-currency swaps $ 1.0 $ 5.0 $ — Other Hedging Activity Foreign exchange contracts $ 4.3 $ 1.8 $ 0.9 As of March 30, 2024, December 31, 2023 and April 1, 2023, asset derivatives are included within Prepaid expenses and other, and liability derivatives are included within Accrued expenses and Other long-term liabilities in the Condensed Consolidated Balance Sheets. The effect of derivative instruments on the Condensed Consolidated Statements of Comprehensive Income for the three months ended March 30, 2024 and April 1, 2023 is shown in the tables below. The amount of gain (loss) on derivatives recognized in Accumulated other comprehensive loss was as follows: (in millions) Derivatives Designated as Cash Flow Hedging Instruments March 30, 2024 April 1, 2023 Foreign exchange contracts 10.8 3.3 Commodity contracts (1.1) (0.2) Total $ 9.7 $ 3.1 Derivatives Designated as Net Investment Hedging Instruments Cross-currency swaps $ 4.0 $ — The amount of gain (loss) reclassified from Accumulated other comprehensive loss into earnings was as follows: (in millions) Derivatives Designated as Cash Flow Hedging Instruments Location of Gain (Loss) March 30, 2024 April 1, 2023 Interest-rate contracts Interest expense $ — $ (0.1) Foreign exchange contracts Cost of sales 1.9 7.5 Commodity contracts Cost of sales (0.8) (0.6) Total $ 1.1 $ 6.8 The amount of gain (loss) on derivatives recognized directly into earnings was as follows: (in millions) Derivatives Designated as Fair Value Hedging Instruments Location of Gain (Loss) March 30, 2024 April 1, 2023 Interest-rate contracts Interest expense $ — $ 0.2 Other Hedging Activity Foreign exchange contracts Cost of sales $ 2.0 $ (0.7) Foreign exchange contracts Other expense, net (2.7) (0.1) Total $ (0.7) $ (0.8) Fair Value of Other Financial Instruments. The carrying values of the Company's short-term financial instruments, including cash and cash equivalents and accounts and notes receivable, approximate their fair values because of the short maturity of these instruments. As of March 30, 2024, December 31, 2023 and April 1, 2023, the fair value of the Company’s long-term debt, including current maturities, and short-term debt was approximately $2,659.5 million, $2,228.2 million and $2,257.4 million, respectively, and was determined using Level 1 and Level 2 inputs described in Note 6 to the Notes to Consolidated Financial Statements in the 2023 Form 10-K. The carrying value of long-term debt, including current maturities, and short-term debt was $2,859.1 million, $2,458.7 million and $2,541.2 million as of March 30, 2024, December 31, 2023 and April 1, 2023, respectively.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
Fair Value Measurements	Mar. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The following table summarizes the Company's financial assets and liabilities measured at fair value on a recurring basis: Fair Value (in millions) Fair Value Level March 30, 2024 December 31, 2023 April 1, 2023 Cash equivalents 1 $ 0.2 $ 0.4 $ 0.2 Short-term investments in marketable securities 1 0.8 0.8 0.8 Restricted cash 1 11.1 11.1 11.1 Derivative assets 2 10.4 5.2 13.9 Derivative liabilities 2 8.4 13.7 7.9 Deferred compensation 1 1.5 1.5 1.3 Deferred compensation 2 16.2 16.1 15.2 Liabilities measured at net asset value 13.0 12.9 11.6

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Product Warranties The following activity related to product warranty liabilities was recorded in Accrued expenses during the three months ended March 30, 2024 and April 1, 2023: (in millions) March 30, 2024 April 1, 2023 Balance at beginning of period $ 157.6 $ 146.7 Payments (23.5) (19.4) Provisions/additions for contracts issued/sold 18.4 25.2 Aggregate changes for preexisting warranties (0.1) 0.3 Foreign currency translation (0.8) 0.3 Other (1.7) 1.3 Balance at end of period $ 149.9 $ 154.4 Extended Product Warranties The following activity related to deferred revenue for extended product warranty contracts was recorded in Accrued expenses and Other long-term liabilities during the three months ended March 30, 2024 and April 1, 2023: (in millions) March 30, 2024 April 1, 2023 Balance at beginning of period $ 127.2 $ 112.5 Extended warranty contracts sold 9.6 8.9 Revenue recognized on existing extended warranty contracts (7.3) (6.3) Foreign currency translation (0.2) — Other (0.1) (0.1) Balance at end of period $ 129.2 $ 115.0

Goodwill and Intangibles

Goodwill and Intangibles	3 Months Ended
Goodwill and Intangibles	Mar. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangibles [Text Block]	Goodwill and Other Intangibles Changes in the Company's goodwill during the three months ended March 30, 2024 and April 1, 2023, by segment, are summarized below: (in millions) Propulsion Engine P&A Navico Group Boat Total December 31, 2023 $ 54.1 $ 233.0 $ 599.7 $ 143.9 $ 1,030.7 Adjustments (1.1) (0.2) (3.0) (0.1) (4.4) March 30, 2024 $ 53.0 $ 232.8 $ 596.7 $ 143.8 $ 1,026.3 December 31, 2022 $ 14.0 $ 232.8 $ 595.8 $ 125.0 $ 967.6 Adjustments — — 1.7 4.7 6.4 April 1, 2023 $ 14.0 $ 232.8 $ 597.5 $ 129.7 $ 974.0 Adjustments in both periods include the effect of foreign currency translation on goodwill denominated in currencies other than the U.S. dollar. Adjustments during the three months ended March 30, 2024 also include immaterial purchase accounting adjustments related to the 2023 Fliteboard and Freedom Boat Club acquisitions. Adjustments during the three months ended April 1, 2023 also include $4.5 million of purchase accounting adjustments from 2022 Freedom Boat Club acquisitions, related to boat fleet fair market value adjustments. There was no accumulated impairment loss on goodwill as of March 30, 2024, December 31, 2023 or April 1, 2023. The Company's intangible assets, included within Other intangibles, net on the Condensed Consolidated Balance Sheets as of March 30, 2024, December 31, 2023 and April 1, 2023, are summarized by intangible asset type below: March 30, 2024 December 31, 2023 April 1, 2023 (in millions) Gross Amount Accumulated Amortization Gross Amount Accumulated Amortization Gross Amount Accumulated Amortization Intangible assets: Customer relationships $ 905.9 $ (439.6) $ 907.3 $ (428.6) $ 897.7 $ (397.5) Trade names 310.3 — 311.5 — 305.5 — Developed technology 167.2 (27.1) 167.5 (24.3) 160.0 (16.0) Other 98.0 (50.4) 91.2 (46.6) 79.2 (36.5) Total $ 1,481.4 $ (517.1) $ 1,477.5 $ (499.5) $ 1,442.4 $ (450.0) Other intangible assets primarily consist of software, patents, and franchise agreements. Gross amounts and related accumulated amortization amounts include adjustments related to the impact of foreign currency translation. Aggregate amortization expense for intangibles was $17.9 million and $16.6 million for three months ended March 30, 2024 and April 1, 2023, respectively. The Company tests its intangible assets for impairment during the fourth quarter of each year, or whenever a change in events and circumstances (triggering event) occurs that indicates the fair value of intangible assets may be below their carrying values. The Company did not record any impairment charges during the three months ended March 30, 2024 or April 1, 2023.

Segment Data

Segment Data	3 Months Ended
Segment Data	Mar. 30, 2024
Segment Reporting [Abstract]
Segment Data	Segment Information Information about the operations of Brunswick's reportable segments is set forth below: Net Sales Operating Earnings (Loss) Three Months Ended Three Months Ended (in millions) March 30, 2024 April 1, 2023 March 30, 2024 April 1, 2023 Propulsion $ 578.2 $ 751.6 $ 82.8 $ 151.1 Engine P&A 262.4 288.6 33.2 47.8 Navico Group 210.9 277.3 (2.4) 12.8 Boat 425.7 575.2 29.4 57.8 Corporate/Other — — (32.4) (33.4) Segment Eliminations (112.2) (149.1) — — Total $ 1,365.0 $ 1,743.6 $ 110.6 $ 236.1 Total Assets (in millions) March 30, 2024 December 31, 2023 April 1, 2023 Propulsion $ 1,758.8 $ 1,648.7 $ 1,634.0 Engine P&A 927.1 855.6 940.6 Navico Group 2,043.0 2,074.3 2,152.7 Boat 922.0 874.8 882.5 Corporate/Other 857.8 777.1 678.8 Total $ 6,508.7 $ 6,230.5 $ 6,288.6

Comprehensive Income

Comprehensive Income	3 Months Ended
Comprehensive Income	Mar. 30, 2024
Comprehensive Income [Abstract]
Comprehensive Income	Comprehensive Income Accumulated other comprehensive loss in the Condensed Consolidated Balance Sheets includes foreign currency cumulative translation adjustments; prior service costs and credits and net actuarial gains and losses for defined benefit plans; and unrealized derivative gains and losses, all net of tax. Changes in the components of Accumulated other comprehensive loss, all net of tax, for the three months ended March 30, 2024 and April 1, 2023 are as follows: Three Months Ended (in millions) March 30, 2024 April 1, 2023 Net earnings $ 68.0 $ 112.3 Other comprehensive income (loss): Foreign currency cumulative translation adjustments (19.6) 6.3 Net change in unamortized prior service credits (0.1) — Net change in unamortized actuarial gains (losses) (0.1) 0.1 Net change in unrealized derivative gains (losses) 9.3 (2.8) Total other comprehensive (loss) income (10.5) 3.6 Comprehensive income $ 57.5 $ 115.9 The following table presents the changes in Accumulated other comprehensive loss by component, all net of tax, for the three months ended March 30, 2024: (in millions) Foreign currency translation Prior service credits Net actuarial gains Unrealized investment gains Net derivative gains Total Beginning balance $ (49.5) $ (7.4) $ 7.9 $ 0.2 $ 23.1 $ (25.7) Other comprehensive (loss) income before reclassifications (A) (19.6) — — — 10.0 (9.6) Amounts reclassified from Accumulated other comprehensive loss (B)(C) — (0.1) (0.1) — (0.7) (0.9) Net other comprehensive (loss) income (19.6) (0.1) (0.1) — 9.3 (10.5) Ending balance $ (69.1) $ (7.5) $ 7.8 $ 0.2 $ 32.4 $ (36.2) (A) The tax effects for the three months ended March 30, 2024 were $3.0 million for foreign currency translation and $(3.7) million for derivatives. (B) The tax effects for the three months ended March 30, 2024 were $0.4 million for derivatives. (C) The reclassification adjustments from Accumulated other comprehensive loss and associated tax effects related to defined benefit items were not material for the three months ended March 30, 2024. Refer to Note 5 – Financial Instruments for the reclassification adjustments from Accumulated other comprehensive loss related to derivatives. The following table presents the changes in Accumulated other comprehensive loss by component, all net of tax, for the three months ended April 1, 2023: (in millions) Foreign currency translation Prior service credits Net actuarial losses Unrealized investment gains Net derivative gains Total Beginning balance $ (71.3) $ (4.1) $ 9.7 $ 0.2 $ 36.0 $ (29.5) Other comprehensive income before reclassifications (A) 6.3 — — — 2.1 8.4 Amounts reclassified from Accumulated other comprehensive loss (B)(C) — — 0.1 — (4.9) (4.8) Net other comprehensive income (loss) 6.3 — 0.1 — (2.8) 3.6 Ending balance $ (65.0) $ (4.1) $ 9.8 $ 0.2 $ 33.2 $ (25.9) (A) The tax effects for the three months ended April 1, 2023 were $(0.1) million for foreign currency translation and $(1.0) million for derivatives. (B) The tax effects for the three months ended April 1, 2023 were $1.9 million for derivatives. (C) The reclassification adjustments from Accumulated other comprehensive loss and associated tax effects related to defined benefit items were not material for the three months ended April 1, 2023. Refer to Note 5 – Financial Instruments for the reclassification adjustments from Accumulated other comprehensive loss related to derivatives.

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective tax rate for the three months ended March 30, 2024 an d April 1, 2023 was 21.4 percent and 46.8 percent, respectively. The effective tax rate for the three months ended March 30, 2024 was lower than the same period in the prior year, primarily due to the prior year intercompany sale of certain intellectual property rights from one of our affiliates in Norway to the United States and lower pretax income in high tax jurisdictions. The Company has evaluated the effects of the Global Anti-Base Erosion Model Rules set forth by the Organization for Economic Co-operation and Development (OECD), referred to as “Pillar Two”, which establishes a global minimum corporate tax rate of 15 percent. The Company has determined that Pillar Two legislation has been enacted in one or more of the jurisdictions in which we operate and the Company is within the scope of the legislation. The Company assessed such enacted legislation, and, as applicable, the Transitional Safe Harbor provisions of Pillar Two, and concluded that the tax effects are not material to the financial statements. The Company is regularly audited by federal, state and foreign tax authorities. The Internal Revenue Service (IRS) has completed its field examination and has issued its Revenue Agents Report through the 2014 tax year and all open issues have been resolved. The Company is currently open to tax examinations by the IRS for the 2020 through 2022 tax years. The Company is open to state and local tax audits in major tax jurisdictions dating back to the 2017 taxable year. The Company is no longer subject to income tax examinations by any major foreign tax jurisdiction for years prior to 2016.

Debt

Debt	3 Months Ended
Debt	Mar. 30, 2024
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	Debt The following table provides the changes in the Company's debt for the three months ended March 30, 2024: (in millions) Short-term debt and current maturities of long-term debt Long-term debt Total Balance as of December 31, 2023 $ 454.7 $ 1,975.7 $ 2,430.4 Proceeds from issuances of debt (A) 1.1 396.9 398.0 Repayments of debt (1.5) — (1.5) Reclassification of long-term debt 0.6 (0.6) — Other 0.5 (0.1) 0.4 Balance as of March 30, 2024 $ 455.4 $ 2,371.9 $ 2,827.3 (A) During the first quarter of 2024, $400.0 million of 5.850% Senior Notes due 2029 were issued. As of March 30, 2024, Brunswick was in compliance with the financial covenants associated with its debt. 2029 Notes In March 2024, the Company issued an aggregate principal amount of $400.0 million of 5.850% Senior Notes due 2029 (the 2029 Notes) in a public offering, which resulted in aggregate net proceeds to the Company of $396.9 million. The Company intends to use the net proceeds from the sale of the 2029 Notes for general corporate purposes, which may include the repayment, repurchase or redemption of certain of its outstanding securities, including its 0.85% Senior Notes due 2024, as may be determined by management from time to time. The 2029 Notes bear interest at a rate of 5.850% per year. Interest on the 2029 Notes is payable semiannually in arrears on March 18 and September 18 of each year, and the first interest payment date will be September 18, 2024. The 2029 Notes will mature on March 18, 2029. The Company may, at its option, redeem the 2029 Notes, in whole or in part, at any time and from time to time prior to maturity. If the Company elects to redeem any (or all) of the 2029 Notes at any time prior to February 18, 2029 (the date that is one month prior to the maturity of the 2029 Notes), it will pay a "make-whole" redemption price set forth in the Sixth Supplemental Indenture dated as of March 18, 2024 (Sixth Supplemental Indenture) to the Indenture dated as of October 3, 2018. On or after February 18, 2029, the Company may, at its option, redeem the 2029 Notes, in whole or in part at any time and from time to time, at a redemption price equal to 100% of the principal amount thereof. In addition to the redemption price, the Company will pay accrued and unpaid interest, if any. If the Company experiences a change of control triggering event with respect to the 2029 Notes, as defined in the Sixth Supplemental Indenture, each holder of the 2029 Notes may require the Company to repurchase some or all of its 2029 Notes at a price equal to 101% of their principal amount, plus accrued and unpaid interest. Debentures During the third quarter of 2023, the Company made the remaining principal repayments, totaling $79.7 million, of its 7.375% debentures due 2023. The debentures were repaid at 100 percent of the principal amount plus accrued interest in accordance with the provisions of the debentures. Credit Facility The Company maintains a Revolving Credit Agreement (Credit Facility). During the three months ended March 30, 2024 and April 1, 2023, there were no borrowings under the Credit Facility. As of March 30, 2024, available borrowing capacity totaled $741.7 million, net of $8.3 million of letters of credit outstanding under the Credit Facility. As of April 1, 2023, available borrowing capacity totaled $741.9 million, net of $8.1 million of letters of credit outstanding under the Credit Facility. Refer to Note 14 in the Notes to Consolidated Financial Statements in the 2023 Form 10-K for details regarding Brunswick's Credit Facility. Commercial Paper The Company maintains an unsecured commercial paper program (CP Program) pursuant to which the Company may issue short-term, unsecured commercial paper notes (CP Notes). During the three months ended March 30, 2024, borrowings under the CP Program totaled $425.0 million, all of which were repaid during the period. During the three months ended March 30, 2024, the maximum amount utilized under the CP Program was $225.0 million. During the three months ended April 1, 2023, borrowings under the CP Program totaled $85.0 million, all of which were repaid during the period. During the three months ended April 1, 2023, the maximum amount utilized under the CP Program was $85.0 million. Refer to Note 14 in the Notes to Consolidated Financial Statements in the 2023 Form 10-K for details regarding Brunswick's CP Program.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
Significant Accounting Policies (Policies)	Mar. 30, 2024
Accounting Policies [Abstract]
Basis of Accounting	Interim Financial Statements. Brunswick's unaudited interim condensed consolidated financial statements have been prepared pursuant to SEC rules and regulations. Therefore, certain information and disclosures normally included in financial statements and related notes prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) have been condensed or omitted.
Fiscal Period Policy	The Company maintains its financial records on the basis of a fiscal year ending on December 31, with the fiscal quarters spanning approximately thirteen weeks. The first quarter ends on the Saturday closest to the end of the first thirteen-week period. The second and third quarters are thirteen weeks in duration and the fourth quarter is the remainder of the year. The first quarter of fiscal year 2024 ended on March 30, 2024 and the first quarter of fiscal year 2023 ended on April 1, 2023.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
Revenue Recognition (Tables)	Mar. 30, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue [Table Text Block]	The following tables present the Company's revenue in categories that depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors: Three Months Ended March 30, 2024 (in millions) Propulsion Engine P&A Navico Group Boat Total Geographic Markets United States $ 378.7 $ 179.5 $ 123.5 $ 333.7 $ 1,015.4 Europe 87.0 27.4 61.7 40.0 216.1 Asia-Pacific 43.8 25.4 16.0 5.5 90.7 Canada 16.0 15.2 4.2 37.5 72.9 Rest-of-World 52.7 14.9 5.5 9.0 82.1 Segment Eliminations (82.4) (1.7) (28.1) — (112.2) Total $ 495.8 $ 260.7 $ 182.8 $ 425.7 $ 1,365.0 Three Months Ended April 1, 2023 (in millions) Propulsion Engine P&A Navico Group Boat Total Geographic Markets United States $ 495.8 $ 202.9 $ 182.3 $ 440.0 $ 1,321.0 Europe 115.5 27.0 65.4 51.1 259.0 Asia-Pacific 58.5 27.9 18.6 7.3 112.3 Canada 28.4 18.8 5.2 65.9 118.3 Rest-of-World 53.4 12.0 5.8 10.9 82.1 Segment Eliminations (113.7) (2.0) (33.1) (0.3) (149.1) Total $ 637.9 $ 286.6 $ 244.2 $ 574.9 $ 1,743.6 Three Months Ended March 30, 2024 (in millions) Propulsion Engine P&A Navico Group Boat Total Major Product Lines Outboard Engines $ 450.5 $ — $ — $ — $ 450.5 Controls, Rigging, and Propellers 90.4 — — — 90.4 Sterndrive Engines 37.3 — — — 37.3 Distribution — 152.4 — — 152.4 Products — 110.0 — — 110.0 Navico Group — — 210.9 — 210.9 Aluminum Freshwater Boats — — — 150.2 150.2 Recreational Fiberglass Boats — — — 135.3 135.3 Saltwater Fishing Boats — — — 107.2 107.2 Business Acceleration — — — 49.2 49.2 Boat Eliminations/Other — — — (16.2) (16.2) Segment Eliminations (82.4) (1.7) (28.1) — (112.2) Total $ 495.8 $ 260.7 $ 182.8 $ 425.7 $ 1,365.0 Three Months Ended April 1, 2023 (in millions) Propulsion Engine P&A Navico Group Boat Total Major Product Lines Outboard Engines $ 593.2 $ — $ — $ — $ 593.2 Controls, Rigging, and Propellers 106.0 — — — 106.0 Sterndrive Engines 52.4 — — — 52.4 Distribution — 175.3 — — 175.3 Products — 113.3 — — 113.3 Navico Group — — 277.3 — 277.3 Aluminum Freshwater Boats — — — 230.4 230.4 Recreational Fiberglass Boats — — — 198.4 198.4 Saltwater Fishing Boats — — — 113.1 113.1 Business Acceleration — — — 39.8 39.8 Boat Eliminations/Other — — — (6.5) (6.5) Segment Eliminations (113.7) (2.0) (33.1) (0.3) (149.1) Total $ 637.9 $ 286.6 $ 244.2 $ 574.9 $ 1,743.6

Financial Instruments Financial

Financial Instruments Financial Instruments (Tables)	3 Months Ended
Financial Instruments Financial Instruments (Tables)	Mar. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Values of Derivative Instruments	As of March 30, 2024, December 31, 2023 and April 1, 2023, the fair values of the Company’s derivative instruments were: (in millions) Fair Value Asset Derivatives March 30, 2024 December 31, 2023 April 1, 2023 Derivatives Designated as Cash Flow Hedges Foreign exchange contracts $ 9.3 $ 4.1 $ 12.9 Commodity contracts 0.4 0.9 0.3 Total $ 9.7 $ 5.0 $ 13.2 Other Hedging Activity Foreign exchange contracts $ 0.7 $ 0.2 $ 0.7 Liability Derivatives Derivatives Designated as Cash Flow Hedges Foreign exchange contracts $ 2.4 $ 6.1 $ 6.0 Commodity contracts 0.7 0.8 1.0 Total $ 3.1 $ 6.9 $ 7.0 Derivatives Designated as Net Investment Hedges Cross-currency swaps $ 1.0 $ 5.0 $ — Other Hedging Activity Foreign exchange contracts $ 4.3 $ 1.8 $ 0.9 As of March 30, 2024, December 31, 2023 and April 1, 2023, asset derivatives are included within Prepaid expenses and other, and liability derivatives are included within Accrued expenses and Other long-term liabilities in the Condensed Consolidated Balance Sheets.
Effect of Derivative Instruments on the Condensed Consolidated Statements of Comprehensive Income	The effect of derivative instruments on the Condensed Consolidated Statements of Comprehensive Income for the three months ended March 30, 2024 and April 1, 2023 is shown in the tables below. The amount of gain (loss) on derivatives recognized in Accumulated other comprehensive loss was as follows: (in millions) Derivatives Designated as Cash Flow Hedging Instruments March 30, 2024 April 1, 2023 Foreign exchange contracts 10.8 3.3 Commodity contracts (1.1) (0.2) Total $ 9.7 $ 3.1 Derivatives Designated as Net Investment Hedging Instruments Cross-currency swaps $ 4.0 $ — The amount of gain (loss) reclassified from Accumulated other comprehensive loss into earnings was as follows: (in millions) Derivatives Designated as Cash Flow Hedging Instruments Location of Gain (Loss) March 30, 2024 April 1, 2023 Interest-rate contracts Interest expense $ — $ (0.1) Foreign exchange contracts Cost of sales 1.9 7.5 Commodity contracts Cost of sales (0.8) (0.6) Total $ 1.1 $ 6.8 The amount of gain (loss) on derivatives recognized directly into earnings was as follows: (in millions) Derivatives Designated as Fair Value Hedging Instruments Location of Gain (Loss) March 30, 2024 April 1, 2023 Interest-rate contracts Interest expense $ — $ 0.2 Other Hedging Activity Foreign exchange contracts Cost of sales $ 2.0 $ (0.7) Foreign exchange contracts Other expense, net (2.7) (0.1) Total $ (0.7) $ (0.8)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
Fair Value Measurements (Tables)	Mar. 30, 2024
Fair Value Disclosures [Abstract]
Summary of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following table summarizes the Company's financial assets and liabilities measured at fair value on a recurring basis: Fair Value (in millions) Fair Value Level March 30, 2024 December 31, 2023 April 1, 2023 Cash equivalents 1 $ 0.2 $ 0.4 $ 0.2 Short-term investments in marketable securities 1 0.8 0.8 0.8 Restricted cash 1 11.1 11.1 11.1 Derivative assets 2 10.4 5.2 13.9 Derivative liabilities 2 8.4 13.7 7.9 Deferred compensation 1 1.5 1.5 1.3 Deferred compensation 2 16.2 16.1 15.2 Liabilities measured at net asset value 13.0 12.9 11.6

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
Commitments and Contingencies (Tables)	Mar. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Product Warranty Liabilities	The following activity related to product warranty liabilities was recorded in Accrued expenses during the three months ended March 30, 2024 and April 1, 2023: (in millions) March 30, 2024 April 1, 2023 Balance at beginning of period $ 157.6 $ 146.7 Payments (23.5) (19.4) Provisions/additions for contracts issued/sold 18.4 25.2 Aggregate changes for preexisting warranties (0.1) 0.3 Foreign currency translation (0.8) 0.3 Other (1.7) 1.3 Balance at end of period $ 149.9 $ 154.4
Extended Product Warranty Liabilities	The following activity related to deferred revenue for extended product warranty contracts was recorded in Accrued expenses and Other long-term liabilities during the three months ended March 30, 2024 and April 1, 2023: (in millions) March 30, 2024 April 1, 2023 Balance at beginning of period $ 127.2 $ 112.5 Extended warranty contracts sold 9.6 8.9 Revenue recognized on existing extended warranty contracts (7.3) (6.3) Foreign currency translation (0.2) — Other (0.1) (0.1) Balance at end of period $ 129.2 $ 115.0

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	3 Months Ended
Goodwill and Intangibles (Tables)	Mar. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	Changes in the Company's goodwill during the three months ended March 30, 2024 and April 1, 2023, by segment, are summarized below: (in millions) Propulsion Engine P&A Navico Group Boat Total December 31, 2023 $ 54.1 $ 233.0 $ 599.7 $ 143.9 $ 1,030.7 Adjustments (1.1) (0.2) (3.0) (0.1) (4.4) March 30, 2024 $ 53.0 $ 232.8 $ 596.7 $ 143.8 $ 1,026.3 December 31, 2022 $ 14.0 $ 232.8 $ 595.8 $ 125.0 $ 967.6 Adjustments — — 1.7 4.7 6.4 April 1, 2023 $ 14.0 $ 232.8 $ 597.5 $ 129.7 $ 974.0
Schedule of Other Intangible Assets [Table Text Block]	The Company's intangible assets, included within Other intangibles, net on the Condensed Consolidated Balance Sheets as of March 30, 2024, December 31, 2023 and April 1, 2023, are summarized by intangible asset type below: March 30, 2024 December 31, 2023 April 1, 2023 (in millions) Gross Amount Accumulated Amortization Gross Amount Accumulated Amortization Gross Amount Accumulated Amortization Intangible assets: Customer relationships $ 905.9 $ (439.6) $ 907.3 $ (428.6) $ 897.7 $ (397.5) Trade names 310.3 — 311.5 — 305.5 — Developed technology 167.2 (27.1) 167.5 (24.3) 160.0 (16.0) Other 98.0 (50.4) 91.2 (46.6) 79.2 (36.5) Total $ 1,481.4 $ (517.1) $ 1,477.5 $ (499.5) $ 1,442.4 $ (450.0) Other intangible assets primarily consist of software, patents, and franchise agreements. Gross amounts and related accumulated amortization amounts include adjustments related to the impact of foreign currency translation. Aggregate amortization expense for intangibles was $17.9 million and $16.6 million for three months ended March 30, 2024 and April 1, 2023, respectively.

Segment Data (Tables)

Segment Data (Tables)	3 Months Ended
Segment Data (Tables)	Mar. 30, 2024
Segment Reporting [Abstract]
Operating Segments	Net Sales Operating Earnings (Loss) Three Months Ended Three Months Ended (in millions) March 30, 2024 April 1, 2023 March 30, 2024 April 1, 2023 Propulsion $ 578.2 $ 751.6 $ 82.8 $ 151.1 Engine P&A 262.4 288.6 33.2 47.8 Navico Group 210.9 277.3 (2.4) 12.8 Boat 425.7 575.2 29.4 57.8 Corporate/Other — — (32.4) (33.4) Segment Eliminations (112.2) (149.1) — — Total $ 1,365.0 $ 1,743.6 $ 110.6 $ 236.1 Total Assets (in millions) March 30, 2024 December 31, 2023 April 1, 2023 Propulsion $ 1,758.8 $ 1,648.7 $ 1,634.0 Engine P&A 927.1 855.6 940.6 Navico Group 2,043.0 2,074.3 2,152.7 Boat 922.0 874.8 882.5 Corporate/Other 857.8 777.1 678.8 Total $ 6,508.7 $ 6,230.5 $ 6,288.6

Comprehensive Income (Tables)

Comprehensive Income (Tables)	3 Months Ended
Comprehensive Income (Tables)	Mar. 30, 2024
Comprehensive Income [Abstract]
Changes in the Components in Accumulated Other Comprehensive Income (Loss)	Changes in the components of Accumulated other comprehensive loss, all net of tax, for the three months ended March 30, 2024 and April 1, 2023 are as follows: Three Months Ended (in millions) March 30, 2024 April 1, 2023 Net earnings $ 68.0 $ 112.3 Other comprehensive income (loss): Foreign currency cumulative translation adjustments (19.6) 6.3 Net change in unamortized prior service credits (0.1) — Net change in unamortized actuarial gains (losses) (0.1) 0.1 Net change in unrealized derivative gains (losses) 9.3 (2.8) Total other comprehensive (loss) income (10.5) 3.6 Comprehensive income $ 57.5 $ 115.9 The following table presents the changes in Accumulated other comprehensive loss by component, all net of tax, for the three months ended March 30, 2024: (in millions) Foreign currency translation Prior service credits Net actuarial gains Unrealized investment gains Net derivative gains Total Beginning balance $ (49.5) $ (7.4) $ 7.9 $ 0.2 $ 23.1 $ (25.7) Other comprehensive (loss) income before reclassifications (A) (19.6) — — — 10.0 (9.6) Amounts reclassified from Accumulated other comprehensive loss (B)(C) — (0.1) (0.1) — (0.7) (0.9) Net other comprehensive (loss) income (19.6) (0.1) (0.1) — 9.3 (10.5) Ending balance $ (69.1) $ (7.5) $ 7.8 $ 0.2 $ 32.4 $ (36.2) (A) The tax effects for the three months ended March 30, 2024 were $3.0 million for foreign currency translation and $(3.7) million for derivatives. (B) The tax effects for the three months ended March 30, 2024 were $0.4 million for derivatives. (C) The reclassification adjustments from Accumulated other comprehensive loss and associated tax effects related to defined benefit items were not material for the three months ended March 30, 2024. Refer to Note 5 – Financial Instruments for the reclassification adjustments from Accumulated other comprehensive loss related to derivatives.

Debt (Tables)

Debt (Tables)	3 Months Ended
Debt (Tables)	Mar. 30, 2024
Debt Disclosure [Abstract]
Schedule of Long-Term Debt Instruments	The following table provides the changes in the Company's debt for the three months ended March 30, 2024: (in millions) Short-term debt and current maturities of long-term debt Long-term debt Total Balance as of December 31, 2023 $ 454.7 $ 1,975.7 $ 2,430.4 Proceeds from issuances of debt (A) 1.1 396.9 398.0 Repayments of debt (1.5) — (1.5) Reclassification of long-term debt 0.6 (0.6) — Other 0.5 (0.1) 0.4 Balance as of March 30, 2024 $ 455.4 $ 2,371.9 $ 2,827.3

Significant Accounting Polici_3

Significant Accounting Policies (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Dec. 31, 2023
Accounting Policies [Abstract]
Supplier Finance Program, Obligation	$ 14.8	$ 19.9	$ 11.6
Effective Tax Rate From Continuing Operations	21.40%	46.80%

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 1,365	$ 1,743.6
Rest-of-World [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	82.1	82.1
Canada [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	72.9	118.3
United States [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,015.4	1,321
Europe [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	216.1	259
Asia-Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	90.7	112.3
Boat Eliminations
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	(16.2)	(6.5)
Boat [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	425.7	574.9
Boat [Member] \| Rest-of-World [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	9	10.9
Boat [Member] \| Canada [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	37.5	65.9
Boat [Member] \| United States [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	333.7	440
Boat [Member] \| Europe [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	40	51.1
Boat [Member] \| Asia-Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	5.5	7.3
Boat [Member] \| Boat Eliminations
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	(16.2)	(6.5)
Propulsion [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	495.8	637.9
Propulsion [Member] \| Rest-of-World [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	52.7	53.4
Propulsion [Member] \| Canada [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	16	28.4
Propulsion [Member] \| United States [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	378.7	495.8
Propulsion [Member] \| Europe [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	87	115.5
Propulsion [Member] \| Asia-Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	43.8	58.5
Propulsion [Member] \| Boat Eliminations
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Navico Group
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	182.8	244.2
Navico Group \| Rest-of-World [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	5.5	5.8
Navico Group \| Canada [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	4.2	5.2
Navico Group \| United States [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	123.5	182.3
Navico Group \| Europe [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	61.7	65.4
Navico Group \| Asia-Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	16	18.6
Navico Group \| Boat Eliminations
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Engine Parts and Accessories [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	260.7	286.6
Engine Parts and Accessories [Member] \| Rest-of-World [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	14.9	12
Engine Parts and Accessories [Member] \| Canada [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	15.2	18.8
Engine Parts and Accessories [Member] \| United States [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	179.5	202.9
Engine Parts and Accessories [Member] \| Europe [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	27.4	27
Engine Parts and Accessories [Member] \| Asia-Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	25.4	27.9
Engine Parts and Accessories [Member] \| Boat Eliminations
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Outboard Engines [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	450.5	593.2
Outboard Engines [Member] \| Boat [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Outboard Engines [Member] \| Propulsion [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	450.5	593.2
Outboard Engines [Member] \| Navico Group
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Outboard Engines [Member] \| Engine Parts and Accessories [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Controls, Rigging, and Propellers [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	90.4	106
Controls, Rigging, and Propellers [Member] \| Boat [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Controls, Rigging, and Propellers [Member] \| Propulsion [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	90.4	106
Controls, Rigging, and Propellers [Member] \| Navico Group
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Controls, Rigging, and Propellers [Member] \| Engine Parts and Accessories [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Sterndrive Engine [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	37.3	52.4
Sterndrive Engine [Member] \| Boat [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Sterndrive Engine [Member] \| Propulsion [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	37.3	52.4
Sterndrive Engine [Member] \| Navico Group
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Sterndrive Engine [Member] \| Engine Parts and Accessories [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Distribution [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	152.4	175.3
Distribution [Member] \| Boat [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Distribution [Member] \| Propulsion [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Distribution [Member] \| Navico Group
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Distribution [Member] \| Engine Parts and Accessories [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	152.4	175.3
Engine Parts and Accessories [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	110	113.3
Engine Parts and Accessories [Member] \| Boat [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Engine Parts and Accessories [Member] \| Propulsion [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Engine Parts and Accessories [Member] \| Navico Group
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Engine Parts and Accessories [Member] \| Engine Parts and Accessories [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	110	113.3
Aluminum Freshwater Boats [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	150.2	230.4
Aluminum Freshwater Boats [Member] \| Boat [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	150.2	230.4
Aluminum Freshwater Boats [Member] \| Propulsion [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Aluminum Freshwater Boats [Member] \| Navico Group
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Aluminum Freshwater Boats [Member] \| Engine Parts and Accessories [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Recreational Fiberglass Boats [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	135.3	198.4
Recreational Fiberglass Boats [Member] \| Boat [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	135.3	198.4
Recreational Fiberglass Boats [Member] \| Propulsion [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Recreational Fiberglass Boats [Member] \| Navico Group
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Recreational Fiberglass Boats [Member] \| Engine Parts and Accessories [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Saltwater Fishing Boats [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	107.2	113.1
Saltwater Fishing Boats [Member] \| Boat [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	107.2	113.1
Saltwater Fishing Boats [Member] \| Propulsion [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Saltwater Fishing Boats [Member] \| Navico Group
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Saltwater Fishing Boats [Member] \| Engine Parts and Accessories [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Business Acceleration [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	49.2	39.8
Business Acceleration [Member] \| Boat [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	49.2	39.8
Business Acceleration [Member] \| Propulsion [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Business Acceleration [Member] \| Navico Group
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Business Acceleration [Member] \| Engine Parts and Accessories [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Navico Group
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	210.9	277.3
Navico Group \| Boat [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Navico Group \| Propulsion [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Navico Group \| Navico Group
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	210.9	277.3
Navico Group \| Engine Parts and Accessories [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	0
Segment Eliminations [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	(112.2)	(149.1)
Segment Eliminations [Member] \| Boat [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	(0.3)
Segment Eliminations [Member] \| Propulsion [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	(82.4)	(113.7)
Segment Eliminations [Member] \| Navico Group
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	(28.1)	(33.1)
Segment Eliminations [Member] \| Engine Parts and Accessories [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ (1.7)	$ (2)

Revenue Recognition - Contracts

Revenue Recognition - Contracts with Customer (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 30, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability	$ 198.4	$ 187.1
Contract with Customer, Liability, Revenue Recognized	$ 20.5

Revenue Recognition - Performan

Revenue Recognition - Performance Obligations (Details) $ in Millions	Mar. 30, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 189.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table]
Revenue, Remaining Performance Obligation, Amount	189.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue from Contract with Customer [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 48.6
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Amount	$ 48.6
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue from Contract with Customer [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 52
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Amount	$ 52
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue from Contract with Customer [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 89.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period
Revenue, Remaining Performance Obligation, Amount	$ 89.2

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Millions	3 Months Ended			12 Months Ended
Acquisitions (Details) - USD ($) $ in Millions	Mar. 30, 2024	Sep. 30, 2023	Apr. 01, 2023	Dec. 31, 2023	Dec. 01, 2023	Sep. 01, 2023	Dec. 31, 2022
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Acquisitions 2023 Acquisitions During the fourth quarter of 2023, the Company acquired additional Freedom Boat Club franchise operations and territories in the Southeast United States. These acquisitions should unlock operational efficiencies while providing members with additional boating destinations, as the Company plans for continued expansion across the Southeast Coastal region. These acquisitions are included as part of the Company's Boat segment. The Company paid net cash consideration of $16.0 million for these acquisitions. The opening balance sheets, which are preliminary and subject to change in the measurement period as the Company finalizes the purchase price allocation and fair value estimates, include $13.9 million of goodwill and $3.3 million of customer relationships. The amount assigned to customer relationships will be amortized over the estimated useful life of 10 years. Transaction costs associated with these acquisitions were not material to the Company's consolidated results of operations. On September 1, 2023, the Company acquired all of the issued and outstanding shares of Fliteboard Pty Ltd (Fliteboard) for $88.3 million net cash consideration. Fliteboard is a leader in eFoiling technology, which combines advanced hydrofoils and electric propulsion on the water. The acquisition of Fliteboard allows the Company to enter the emerging electric-foiling surfboard market and presents the opportunity for technological, manufacturing, commercial and consumer synergies with our existing portfolio. Fliteboard is included as part of the Company's Propulsion segment. The opening balance sheet, which is preliminary and subject to change in the measurement period as the Company finalizes the purchase price allocation and fair value estimates, includes $38.7 million of goodwill, $20.7 million of trade names, $8.4 million of customer relationships, and $7.1 million of developed technology. The amounts assigned to customer relationships and developed technology will be amortized over the estimated useful lives of 15 years and 10 years, respectively. Transaction costs associated with the acquisition of $1.9 million were expensed as incurred within Selling, general and administrative expense in 2023. These 2023 acquisitions are not material to the Company's net sales, results of operations, or total assets during any period presented. Accordingly, the Company's consolidated results of operations do not differ materially from historical performance as a result of the acquisitions, and pro forma results for prior periods are not presented.
Business Acquisition [Line Items]
Goodwill	$ 1,026.3		$ 974	$ 1,030.7			$ 967.6
Effective Tax Rate From Continuing Operations	21.40%		46.80%
Goodwill, Purchase Accounting Adjustments		$ 4.5
Amortization Expense for Intangibles	$ 17.9		$ 16.6
Interest Expense	$ 28.6		$ 28.2
Freedom Boat Club Franchises
Business Acquisition [Line Items]
Business Combination, Consideration Transferred				16
Goodwill					$ 13.9
Fliteboard
Business Acquisition [Line Items]
Business Combination, Consideration Transferred		88.3
Goodwill						$ 38.7
Business Combination, Acquisition Related Costs		1.9
Indefinite-Lived Trade Names						20.7
Technology-Based Intangible Assets \| Fliteboard
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Asset Acquired and Liability Assumed, Lease Obligation						$ 7.1
Customer Relationships [Member] \| Freedom Boat Club Franchises
Business Acquisition [Line Items]
Business Combination, Consideration Transferred				$ 3.3
Useful Life	10 years
Customer Relationships [Member] \| Fliteboard
Business Acquisition [Line Items]
Business Combination, Consideration Transferred		$ 8.4

Restructuring, Exit and Integ_2

Restructuring, Exit and Integration Activities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Restructuring Cost and Reserve [Line Items]
Total Restructuring, Exit and Impairment Charges	$ 13.5	$ 9.5
Restructuring Reserve [Abstract]
Total Cash Payments for Restructuring, Exit, Integration and Impairment Charges	12.4	2.5
Accrued Charges at End of the Period	9.9	9.9
Restructuring and Exit Activities [Member]
Restructuring Cost and Reserve [Line Items]
Employee Termination and Other Benefits	13	5.2
Restructuring Reserve [Abstract]
Asset Impairment Charges	0.5	1.2
Professional Fees		3.1
Boat [Member]
Restructuring Cost and Reserve [Line Items]
Total Restructuring, Exit and Impairment Charges	1	1.4
Restructuring Reserve [Abstract]
Total Cash Payments for Restructuring, Exit, Integration and Impairment Charges	1	0.7
Accrued Charges at End of the Period	1.7	0.7
Boat [Member] \| Restructuring and Exit Activities [Member]
Restructuring Cost and Reserve [Line Items]
Employee Termination and Other Benefits	1	1.4
Restructuring Reserve [Abstract]
Asset Impairment Charges	0	0	[1]
Professional Fees		0
Corporate Segment [Member]
Restructuring Cost and Reserve [Line Items]
Total Restructuring, Exit and Impairment Charges	0.9	3.8
Restructuring Reserve [Abstract]
Total Cash Payments for Restructuring, Exit, Integration and Impairment Charges	0.9	0.3
Accrued Charges at End of the Period	0.6	3.5
Corporate Segment [Member] \| Restructuring and Exit Activities [Member]
Restructuring Cost and Reserve [Line Items]
Employee Termination and Other Benefits	0.9	0.7
Restructuring Reserve [Abstract]
Asset Impairment Charges	0	0
Professional Fees		3.1
Engine Parts and Accessories [Member]
Restructuring Cost and Reserve [Line Items]
Total Restructuring, Exit and Impairment Charges	3.3	0.7
Restructuring Reserve [Abstract]
Total Cash Payments for Restructuring, Exit, Integration and Impairment Charges	1.6	0.2
Accrued Charges at End of the Period	2.4	0.5
Engine Parts and Accessories [Member] \| Restructuring and Exit Activities [Member]
Restructuring Cost and Reserve [Line Items]
Employee Termination and Other Benefits	3.3	0.7
Restructuring Reserve [Abstract]
Asset Impairment Charges	0	0
Professional Fees		0
Navico Group
Restructuring Cost and Reserve [Line Items]
Total Restructuring, Exit and Impairment Charges	2.7	3.6
Restructuring Reserve [Abstract]
Total Cash Payments for Restructuring, Exit, Integration and Impairment Charges	6.2	1.3
Accrued Charges at End of the Period	1.1	5.2
Navico Group \| Restructuring and Exit Activities [Member]
Restructuring Cost and Reserve [Line Items]
Employee Termination and Other Benefits	2.2	2.4
Restructuring Reserve [Abstract]
Asset Impairment Charges	0.5	1.2
Professional Fees		$ 0
Propulsion [Member]
Restructuring Cost and Reserve [Line Items]
Total Restructuring, Exit and Impairment Charges	5.6
Restructuring Reserve [Abstract]
Total Cash Payments for Restructuring, Exit, Integration and Impairment Charges	2.7
Accrued Charges at End of the Period	4.1
Propulsion [Member] \| Restructuring and Exit Activities [Member]
Restructuring Cost and Reserve [Line Items]
Employee Termination and Other Benefits	5.6
Restructuring Reserve [Abstract]
Asset Impairment Charges	$ 0

[1] (A) Cash payments for the three months ended April 1, 2023 may include payments related to prior period charges.

Financial Instruments Financi_2

Financial Instruments Financial Instruments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 30, 2024	Dec. 31, 2023	Apr. 01, 2023
Commodity Contract [Member]
Derivative [Line Items]
Notional Values	$ 27.7	$ 31.8	$ 28.5
Cash Flow Hedge Gain (Loss) to be Reclassified Within Twelve Months	1
Foreign Exchange Forward [Member]
Derivative [Line Items]
Notional Values	720.2	694.6	690.6
Foreign Exchange Contracts [Member]
Derivative [Line Items]
Cash Flow Hedge Gain (Loss) to be Reclassified Within Twelve Months	5.3
Forward-Starting Interest Rate Swap [Member]
Derivative [Line Items]
Cash Flow Hedge Gain (Loss) to be Reclassified Within Twelve Months	0.1
Amount of Gain (Loss) Estimated to be Reclassified from Accumulated Other Comprehensive Loss to Cost of Sales or Interest Expense	3.3
Cross Currency Interest Rate Contract
Derivative [Line Items]
Notional Values	250
Derivatives Designated as Hedging Instruments [Member] \| Cash Flow Hedging [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	9.7	5	13.2
Derivative Liability, Fair Value, Gross Liability	3.1	6.9	7
Derivatives Designated as Hedging Instruments [Member] \| Cash Flow Hedging [Member] \| Prepaid Expenses and Other Current Assets [Member] \| Commodity Contract [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	0.4	0.9	0.3
Derivatives Designated as Hedging Instruments [Member] \| Cash Flow Hedging [Member] \| Prepaid Expenses and Other Current Assets [Member] \| Foreign Exchange Contracts [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	9.3	4.1	12.9
Derivatives Designated as Hedging Instruments [Member] \| Cash Flow Hedging [Member] \| Accrued Expenses [Member] \| Commodity Contract [Member]
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability	0.7	0.8	1
Derivatives Designated as Hedging Instruments [Member] \| Cash Flow Hedging [Member] \| Accrued Expenses [Member] \| Foreign Exchange Contracts [Member]
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability	$ 2.4	$ 6.1	$ 6

Financial Instruments, Fair Val

Financial Instruments, Fair Values of Derivative Instruments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Dec. 31, 2023
Foreign Exchange Contracts [Member] \| Other Hedging Activity [Member]
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ (0.7)	$ (0.8)
Cash Flow Hedging [Member] \| Derivatives Designated as Hedging Instruments [Member]
Derivatives, Fair Value [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	9.7	3.1
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	1.1	6.8
Derivative Asset, Fair Value, Gross Asset	9.7	13.2	$ 5
Derivative Liability, Fair Value, Gross Liability	3.1	7	6.9
Cash Flow Hedging [Member] \| Foreign Exchange Contracts [Member] \| Derivatives Designated as Hedging Instruments [Member]
Derivatives, Fair Value [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	10.8	3.3
Cash Flow Hedging [Member] \| Foreign Exchange Contracts [Member] \| Prepaid Expenses and Other Current Assets [Member] \| Derivatives Designated as Hedging Instruments [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	9.3	12.9	4.1
Cash Flow Hedging [Member] \| Foreign Exchange Contracts [Member] \| Accrued Expenses [Member] \| Derivatives Designated as Hedging Instruments [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	2.4	6	6.1
Cash Flow Hedging [Member] \| Commodity Contract [Member] \| Derivatives Designated as Hedging Instruments [Member]
Derivatives, Fair Value [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	(1.1)	(0.2)
Cash Flow Hedging [Member] \| Commodity Contract [Member] \| Prepaid Expenses and Other Current Assets [Member] \| Derivatives Designated as Hedging Instruments [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	0.4	0.3	0.9
Cash Flow Hedging [Member] \| Commodity Contract [Member] \| Accrued Expenses [Member] \| Derivatives Designated as Hedging Instruments [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	0.7	1	0.8
Fair Value Hedging [Member] \| Interest Rate Contracts [Member] \| Accrued Expenses [Member] \| Derivatives Designated as Hedging Instruments [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	1	0	5
Fair Value Hedging [Member] \| Foreign Exchange Contracts [Member] \| Prepaid Expenses and Other Current Assets [Member] \| Other Hedging Activity [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	0.7	0.7	0.2
Fair Value Hedging [Member] \| Foreign Exchange Contracts [Member] \| Accrued Expenses [Member] \| Other Hedging Activity [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	4.3	0.9	$ 1.8
Cost of Sales [Member] \| Foreign Exchange Contracts [Member] \| Other Hedging Activity [Member]
Derivatives, Fair Value [Line Items]
Derivative, Gain (Loss) on Derivative, Net	2	(0.7)
Cost of Sales [Member] \| Cash Flow Hedging [Member] \| Foreign Exchange Contracts [Member] \| Derivatives Designated as Hedging Instruments [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	1.9	7.5
Cost of Sales [Member] \| Cash Flow Hedging [Member] \| Commodity Contract [Member] \| Derivatives Designated as Hedging Instruments [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ (0.8)	$ (0.6)

Financial Instruments, Condense

Financial Instruments, Condensed Consolidated Statements of Comprehensive Income, Effect of Derivative Instruments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Foreign Exchange Contracts [Member] \| Other Hedging Activity [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ (0.7)	$ (0.8)
Foreign Exchange Contracts [Member] \| Cost of Sales [Member] \| Other Hedging Activity [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	2	(0.7)
Foreign Exchange Contracts [Member] \| Other Income (Expense), Net \| Other Hedging Activity [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(2.7)	(0.1)
Cash Flow Hedging [Member] \| Derivatives Designated as Hedging Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	9.7	3.1
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	1.1	6.8
Cash Flow Hedging [Member] \| Interest Rate Contracts [Member] \| Interest Expense [Member] \| Derivatives Designated as Hedging Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	0	(0.1)
Cash Flow Hedging [Member] \| Foreign Exchange Contracts [Member] \| Derivatives Designated as Hedging Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	10.8	3.3
Cash Flow Hedging [Member] \| Foreign Exchange Contracts [Member] \| Cost of Sales [Member] \| Derivatives Designated as Hedging Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	1.9	7.5
Cash Flow Hedging [Member] \| Commodity Contract [Member] \| Derivatives Designated as Hedging Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	(1.1)	(0.2)
Cash Flow Hedging [Member] \| Commodity Contract [Member] \| Cost of Sales [Member] \| Derivatives Designated as Hedging Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(0.8)	(0.6)
Cash Flow Hedging [Member] \| Cross Currency Interest Rate Contract \| Derivatives Designated as Hedging Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	4	0
Fair Value Hedging [Member] \| Interest Rate Contracts [Member] \| Interest Expense [Member] \| Derivatives Designated as Hedging Instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ 0	$ 0.2

Financial Instruments, Fair V_2

Financial Instruments, Fair Value of Other Financial Instruments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Value of the Company's Long-Term Debt Including Current Maturities	$ 2,659.5	$ 2,257.4	$ 2,228.2
Long-Term Debt	2,859.1	2,541.2	$ 2,458.7
Foreign Exchange Contracts [Member] \| Other Hedging Activity [Member]
Derivative [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ (0.7)	$ (0.8)

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Recurring [Member] - USD ($) $ in Millions	Mar. 30, 2024	Dec. 31, 2023	Apr. 01, 2023
Liabilities:
Fair Value Measurement [Domain]	$ 13	$ 12.9	$ 11.6
Level 1 [Member]
Assets:
Cash Equivalents	0.2	0.4	0.2
Short-Term Investments in Marketable Securities	0.8	0.8	0.8
Restricted Cash	11.1	11.1	11.1
Liabilities:
Deferred Compensation	1.5	1.5	1.3
Level 2 [Member]
Assets:
Derivative Asset, Fair Value, Gross Asset	10.4	5.2	13.9
Liabilities:
Derivative Liability, Fair Value, Gross Liability	8.4	13.7	7.9
Deferred Compensation	$ 16.2	$ 16.1	$ 15.2

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Activity Related to Product Warranty Liabilities [Roll Forward]
Balance at Beginning of Period	$ 157.6	$ 146.7
Payments Made	(23.5)	(19.4)
Provisions/Additions for Contracts Issued/Sold	18.4	25.2
Aggregate Changes for Preexisting Warranties	(0.1)	0.3
Foreign Currency Translation	(0.8)	0.3
Other	(1.7)	1.3
Balance at End of Period	149.9	154.4
Activity Related to Extended Product Warranty Accrual [Roll Forward]
Balance at Beginning of Period	127.2	112.5
Extended Warranty Contracts Sold	9.6	8.9
Revenue Recognized on Existing Extended Warranty Contracts	(7.3)	(6.3)
Foreign Currency Translation	(0.2)	0
Other	(0.1)	(0.1)
Balance at End of Period	$ 129.2	$ 115

Goodwill and Intangibles Goodwi

Goodwill and Intangibles Goodwill (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 30, 2024	Sep. 30, 2023	Apr. 01, 2023	Dec. 31, 2023	Dec. 31, 2022
Goodwill [Roll Forward]
Goodwill, Impaired, Accumulated Impairment Loss	$ 0		$ 0	$ 0
Goodwill, Other Increase (Decrease)	(4.4)		6.4
Goodwill	1,026.3		974	1,030.7	$ 967.6
Amortization Expense for Intangibles	17.9		16.6
Goodwill, Purchase Accounting Adjustments		$ 4.5
Propulsion [Member]
Goodwill [Roll Forward]
Goodwill, Other Increase (Decrease)	(1.1)		0
Goodwill	53		14	54.1	14
Boat [Member]
Goodwill [Roll Forward]
Goodwill, Other Increase (Decrease)	(0.1)		4.7
Goodwill	143.8		129.7	143.9	125
Navico Group
Goodwill [Roll Forward]
Goodwill, Other Increase (Decrease)	(3)		1.7
Goodwill	596.7		597.5	599.7	595.8
Engine Parts and Accessories [Member]
Goodwill [Roll Forward]
Goodwill, Other Increase (Decrease)	(0.2)		0
Goodwill	$ 232.8		$ 232.8	$ 233	$ 232.8
Customer Relationships [Member]
Goodwill [Roll Forward]
Finite-Lived Intangible Asset, Weighted Average Remaining Useful Life	13 years 3 months 18 days
Other Intangible Assets [Member]
Goodwill [Roll Forward]
Finite-Lived Intangible Asset, Weighted Average Remaining Useful Life	11 years 8 months 12 days

Goodwill and Intangibles Finite

Goodwill and Intangibles Finite-Lived Intangibles (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 1,026.3	$ 974	$ 1,030.7	$ 967.6
Goodwill, Other Increase (Decrease)	(4.4)	6.4
Gross Amount	1,481.4	1,442.4	1,477.5
Accumulated Amortization	(517.1)	(450)	(499.5)
Amortization Expense for Intangibles	17.9	16.6
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	310.3	305.5	311.5
Accumulated Amortization	0	0	0
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	905.9	897.7	907.3
Accumulated Amortization	(439.6)	(397.5)	(428.6)
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Amount	98	79.2	91.2
Accumulated Amortization	(50.4)	(36.5)	(46.6)
Developed Technology Rights
Finite-Lived Intangible Assets [Line Items]
Gross Amount	167.2	160	167.5
Accumulated Amortization	(27.1)	(16)	(24.3)
Propulsion [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill	53	14	54.1	14
Goodwill, Other Increase (Decrease)	(1.1)	0
Boat [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill	143.8	129.7	$ 143.9	$ 125
Goodwill, Other Increase (Decrease)	$ (0.1)	$ 4.7

Segment Data (Details)

Segment Data (Details) - USD ($) $ in Millions	3 Months Ended
Segment Data (Details) - USD ($) $ in Millions	Mar. 30, 2024	Apr. 01, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Net Sales	$ 1,365	$ 1,743.6
Operating Income (Loss)	110.6	236.1
Total Assets	6,508.7	6,288.6	$ 6,230.5
Segment Eliminations [Member]
Segment Reporting Information [Line Items]
Net Sales	(112.2)	(149.1)
Operating Income (Loss)	0	0
Propulsion [Member]
Segment Reporting Information [Line Items]
Total Assets	1,758.8	1,634	1,648.7
Propulsion [Member] \| Operating Segments
Segment Reporting Information [Line Items]
Net Sales	578.2	751.6
Operating Income (Loss)	82.8	151.1
Boat [Member]
Segment Reporting Information [Line Items]
Total Assets	922	882.5	874.8
Boat [Member] \| Operating Segments
Segment Reporting Information [Line Items]
Net Sales	425.7	575.2
Operating Income (Loss)	29.4	57.8
Corporate/Other [Member]
Segment Reporting Information [Line Items]
Total Assets	857.8	678.8	777.1
Corporate/Other [Member] \| Operating Segments
Segment Reporting Information [Line Items]
Net Sales	0	0
Operating Income (Loss)	(32.4)	(33.4)
Engine Parts and Accessories [Member]
Segment Reporting Information [Line Items]
Total Assets	927.1	940.6	855.6
Engine Parts and Accessories [Member] \| Operating Segments
Segment Reporting Information [Line Items]
Net Sales	262.4	288.6
Operating Income (Loss)	33.2	47.8
Navico Group
Segment Reporting Information [Line Items]
Total Assets	2,043	2,152.7	$ 2,074.3
Navico Group \| Operating Segments
Segment Reporting Information [Line Items]
Net Sales	210.9	277.3
Operating Income (Loss)	$ (2.4)	$ 12.8

Comprehensive Income (Details)

Comprehensive Income (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 30, 2024		Sep. 30, 2023	Apr. 01, 2023
Comprehensive Income [Abstract]
Net Earnings (Loss)	$ 68			$ 112.3
Foreign Currency Cumulative Translation Adjustment	(19.6)			6.3
Net Change in Unamortized Prior Service Credits	(0.1)			0
Net Change in Unamortized Actuarial Losses	(0.1)			0.1
Net Change in Unrealized Derivative Losses	9.3			(2.8)
Total Other Comprehensive Income (Loss)	(10.5)			3.6
Comprehensive Income (loss)	57.5			115.9
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated Other Comprehensive Loss, Net of Tax, Beginning Balance	(25.7)			(29.5)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Other Comprehensive Income (Loss) Before Reclassifications	(9.6)			8.4
Amounts Reclassified from Accumulated Other Comprehensive Loss	(0.9)			(4.8)
Net Other Comprehensive Income (Loss)	(10.5)			3.6
Accumulated Other Comprehensive Loss, Net of Tax, Ending Balance	(36.2)			(25.9)
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent [Abstract]
Foreign Currency Translation Adjustments Arising During Period, Tax Effect	3	[1]		(0.1)	[2]
Gains (Losses) on Derivatives Arising During Period, Tax Effect	(3.7)	[1]		$ (1)	[2]
Cash Dividends Declared Per Common Share (in Dollars per Share)			$ 0.42	$ 0.40
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated Other Comprehensive Loss, Net of Tax, Beginning Balance	(49.5)			$ (71.3)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Other Comprehensive Income (Loss) Before Reclassifications	(19.6)			6.3
Amounts Reclassified from Accumulated Other Comprehensive Loss	0			0
Net Other Comprehensive Income (Loss)	(19.6)			6.3
Accumulated Other Comprehensive Loss, Net of Tax, Ending Balance	(69.1)			(65)
Prior Service Credits
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated Other Comprehensive Loss, Net of Tax, Beginning Balance	(7.4)			(4.1)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Other Comprehensive Income (Loss) Before Reclassifications	0			0
Amounts Reclassified from Accumulated Other Comprehensive Loss	0.1			0
Net Other Comprehensive Income (Loss)	(0.1)			0
Accumulated Other Comprehensive Loss, Net of Tax, Ending Balance	(7.5)			(4.1)
Net Actuarial Losses
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated Other Comprehensive Loss, Net of Tax, Beginning Balance	7.9			9.7
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Other Comprehensive Income (Loss) Before Reclassifications	0			0
Amounts Reclassified from Accumulated Other Comprehensive Loss	0.1			(0.1)
Net Other Comprehensive Income (Loss)	(0.1)			0.1
Accumulated Other Comprehensive Loss, Net of Tax, Ending Balance	7.8			9.8
Net Derivative Losses
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated Other Comprehensive Loss, Net of Tax, Beginning Balance	23.1			36
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Other Comprehensive Income (Loss) Before Reclassifications	10			2.1
Amounts Reclassified from Accumulated Other Comprehensive Loss	0.7			4.9
Net Other Comprehensive Income (Loss)	9.3			(2.8)
Accumulated Other Comprehensive Loss, Net of Tax, Ending Balance	32.4			33.2
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated Other Comprehensive Loss, Net of Tax, Beginning Balance	0.2			0.2
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Other Comprehensive Income (Loss) Before Reclassifications	0			0
Amounts Reclassified from Accumulated Other Comprehensive Loss	0			0
Net Other Comprehensive Income (Loss)	0			0
Accumulated Other Comprehensive Loss, Net of Tax, Ending Balance	$ 0.2			$ 0.2

[1] (A) The tax effects for the three months ended March 30, 2024 were $3.0 million for foreign currency translation and $(3.7) million for derivatives. (A) The tax effects for the three months ended April 1, 2023 were $(0.1) million for foreign currency translation and $(1.0) million for derivatives.

Comprehensive Income, Reclassif

Comprehensive Income, Reclassification out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023		Dec. 31, 2023	Dec. 31, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (36.2)	$ (25.9)		$ (25.7)	$ (29.5)
Derivatives, Income Tax Provision	(0.4)	(1.9)	[1]
Other Comprehensive Income (Loss) Before Reclassifications	(9.6)	8.4
Amounts Reclassified from Accumulated Other Comprehensive Loss	(0.9)	(4.8)
Other Comprehensive Income	(10.5)	3.6
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(69.1)	(65)		(49.5)	(71.3)
Other Comprehensive Income (Loss) Before Reclassifications	(19.6)	6.3
Amounts Reclassified from Accumulated Other Comprehensive Loss	0	0
Other Comprehensive Income	(19.6)	6.3
Accumulated Defined Benefit Plans Adjustment, Net Prior Service Attributable to Parent [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(7.5)	(4.1)		(7.4)	(4.1)
Other Comprehensive Income (Loss) Before Reclassifications	0	0
Amounts Reclassified from Accumulated Other Comprehensive Loss	0.1	0
Other Comprehensive Income	(0.1)	0
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	7.8	9.8		7.9	9.7
Other Comprehensive Income (Loss) Before Reclassifications	0	0
Amounts Reclassified from Accumulated Other Comprehensive Loss	0.1	(0.1)
Other Comprehensive Income	(0.1)	0.1
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	32.4	33.2		23.1	36
Other Comprehensive Income (Loss) Before Reclassifications	10	2.1
Amounts Reclassified from Accumulated Other Comprehensive Loss	0.7	4.9
Other Comprehensive Income	9.3	(2.8)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	0.2	0.2		$ 0.2	$ 0.2
Other Comprehensive Income (Loss) Before Reclassifications	0	0
Amounts Reclassified from Accumulated Other Comprehensive Loss	0	0
Other Comprehensive Income	$ 0	$ 0

[1] (B) The tax effects for the three months ended April 1, 2023 were $1.9 million for derivatives.

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Mar. 30, 2024	Apr. 01, 2023
Income Tax Disclosure [Abstract]
Income Tax Provision From Continuing Operations	$ 18.6	$ 99
Effective Tax Rate From Continuing Operations	21.40%	46.80%

Debt (Details)

Debt (Details) - USD ($) $ in Millions			3 Months Ended		9 Months Ended
Debt (Details) - USD ($) $ in Millions		Mar. 30, 2024	Mar. 30, 2024	Apr. 01, 2023	Sep. 30, 2023	Dec. 31, 2023
Debt Instrument [Line Items]
Commercial Paper, Maximum Amount Utilized			$ 225	$ 85
Net Proceeds from Issuances of Long-Term Debt			398
Other Debt Activity			0.5
Long-term Debt, Current Maturities		$ 455.4	455.4			$ 454.7
Debt		2,371.9	2,371.9	2,420.5		1,975.7
Debt, Long-Term and Short-Term, Combined Amount, Total		2,827.3	2,827.3			$ 2,430.4
Proceeds from Issuance of Long-term Debt, Excluding Current Maturities			396.9
Proceeds from Issuance of Long-term Debt, Current			1.1
Repayments of Long-term debt, Current			(1.5)
Repayments of Long-term Debt, Excluding Current Maturities			0
us-gaap_RepaymentsOfLongTermDebt			(1.5)
Repayments of Other Long-Term Debt			0
Other Debt Activity, Long Term			(0.1)
Other Debt Activity, Current and Long Term			0.4
Proceeds from Notes Payable		396.9
Proceeds from Issuance of Commercial Paper			425	85
Short-Term Debt, Refinanced, Amount	[1]		0.6
Line of Credit [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity		741.7	741.7	741.9
Letters of Credit Outstanding, Amount		8.3	8.3	$ 8.1
Debentures Due 2023 [Member]
Debt Instrument [Line Items]
Repayments of Other Debt					$ 79.7
5.850 Senior Notes 2029
Debt Instrument [Line Items]
Senior Notes		$ 400	$ 400

[1] (A) During the first quarter of 2024, $400.0 million of 5.850% Senior Notes due 2029 were issued.

Subsequent Event (Details)

Subsequent Event (Details) $ in Millions	12 Months Ended
Subsequent Event (Details) $ in Millions	Dec. 31, 2023 USD ($)
Freedom Boat Club Franchises
Subsequent Event [Line Items]
Business Combination, Consideration Transferred	$ 16