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Fair Value Measures and Disclosures (Tables) | 3 Months Ended
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Mar. 29, 2025
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 to our condensed consolidated financial statements 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 millions) | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: | March 29, 2025 | December 31, 2024 |  | March 29, 2025 | December 31, 2024 |  | March 29, 2025 | December 31, 2024 |  | March 29, 2025 | December 31, 2024
Cash and cash equivalents | $ | 340.9 |  | $ | 329.2 |  |  | $ | — |  | $ | — |  |  | $ | — |  | $ | — |  |  | $ | 340.9 |  | $ | 329.2 |
Derivative financial instruments - interest rate swap - cash flow hedge | — |  | — |  |  | 4.7 |  | 7.1 |  |  | — |  | — |  |  | 4.7 |  | 7.1 |
Total | $ | 340.9 |  | $ | 329.2 |  |  | $ | 4.7 |  | $ | 7.1 |  |  | $ | — |  | $ | — |  |  | $ | 345.6 |  | $ | 336.3 |
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments | The estimated fair value and carrying value of our debt as of March 29, 2025 and December 31, 2024 were as follows:
|  | March 29, 2025 |  | December 31, 2024
(In millions) |  | Carrying Value | Fair Value |  | Carrying Value | Fair Value
Total debt, net |  | $ | 3,984.5 |  | $ | 3,924.7 |  |  | $ | 3,981.1 |  | $ | 3,909.3 |

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- Definition Tabular disclosure of financial instrument measured at fair value on recurring or nonrecurring basis. Includes, but is not limited to, instrument classified in shareholders' equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 100 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-100 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 + Details
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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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