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Fair Value of Financial Instruments (Tables) | 12 Months Ended
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Dec. 29, 2024
Fair Value Disclosures [Abstract] |
Schedule of financial instrument fair value | The estimated fair value of financial instruments at December 29, 2024 was as follows:
|  |  |  | Fair Value Measurements at Reporting Date Using
(In millions) |  | Total Carrying Amount |  | Total Estimated Fair Value |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2)
Cash and cash equivalents |  | $ | 721.2 |  |  | $ | 721.2 |  |  | $ | 721.2 |  |  | $ | — |
Derivative financial instruments: |  |  |  |  |  |  |  |
Assets |  | 1.9 |  |  | 1.9 |  |  | — |  |  | 1.9 |
Liabilities |  | 6.0 |  |  | 6.0 |  |  | — |  |  | 6.0 |
Debt (a) |  | 1,909.5 |  |  | 1,889.7 |  |  | 1,580.2 |  |  | 309.5 |
The estimated fair value of financial instruments at December 31, 2023 was as follows:
|  |  |  | Fair Value Measurements at Reporting Date Using
(In millions) |  | Total Carrying Amount |  | Total Estimated Fair Value |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Observable Inputs (Level 2)
Cash and cash equivalents |  | $ | 743.9 |  |  | $ | 743.9 |  |  | $ | 743.9 |  |  | $ | — |
Derivative financial instruments: |  |  |  |  |  |  |  |
Assets |  | 0.9 |  |  | 0.9 |  |  | — |  |  | 0.9 |
Liabilities |  | 14.2 |  |  | 14.2 |  |  | — |  |  | 14.2 |
Debt (a) |  | 2,199.2 |  |  | 2,746.7 |  |  | 2,438.9 |  |  | 307.8 |
(a)The total carrying amount for debt excludes debt issuance costs related to the recognized debt liability which is presented in the consolidated balance sheets as a direct reduction from the carrying amount of the debt liability.

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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