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Fair Value Measures and Disclosures (Tables) | 3 Months Ended
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Mar. 30, 2024
Fair Value Disclosures [Abstract] |
Fair Value Measurements, Recurring and Nonrecurring | The following table presents financial instruments, other than debt, that we measure at fair value on a recurring basis. See Note 7 of this Quarterly Report on Form 10-Q for a discussion of our debt. In instances where the inputs used to measure the fair value of an asset fall into more than one level of the hierarchy, we have classified it based on the lowest level input that is significant to the determination of the fair value.
| Fair Value Measurements at Reporting Date Using
(In thousands): | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: | March 30, 2024 | December 31, 2023 |  | March 30, 2024 | December 31, 2023 |  | March 30, 2024 | December 31, 2023 |  | March 30, 2024 | December 31, 2023
Cash and cash equivalents | $ | 340,682 |  | $ | 456,929 |  |  | $ | — |  | $ | — |  |  | $ | — |  | $ | — |  |  | $ | 340,682 |  | $ | 456,929 |
Derivative financial instruments - Interest rate swap - cash flow hedge | — |  | — |  |  | 22,683 |  | 24,069 |  |  | — |  | — |  |  | 22,683 |  | 24,069 |
Total | $ | 340,682 |  | $ | 456,929 |  |  | $ | 22,683 |  | $ | 24,069 |  |  | $ | — |  | $ | — |  |  | $ | 363,365 |  | $ | 480,998 |
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments | The estimated fair value and carrying value of our debt as of March 30, 2024 and December 31, 2023 were as follows:
|  | March 30, 2024 |  | December 31, 2023
(In thousands) |  | Carrying Value | Fair Value |  | Carrying Value | Fair Value
Total debt, net |  | $ | 4,172,942 |  | $ | 4,094,694 |  |  | $ | 4,577,141 |  | $ | 4,536,238 |

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