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Fair Value of Financial Instruments (Tables) | 6 Months Ended
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Jun. 29, 2025
Fair Value Disclosures [Abstract] |
Fair Value By Balance Sheet Grouping | The estimated fair value of financial instruments at June 29, 2025 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 | $ | 319.6 |  |  | $ | 319.6 |  |  | $ | 319.6 |  |  | $ | — |
Derivative financial instruments: |  |  |  |  |  |  |
Assets | 3.1 |  |  | 3.1 |  |  | — |  |  | 3.1 |
Liabilities | 2.6 |  |  | 2.6 |  |  | — |  |  | 2.6 |
Debt (a) | 1,902.9 |  |  | 1,912.4 |  |  | 1,609.5 |  |  | 302.9 |
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 |
(a)The total carrying amount for debt for both periods exclude debt issuance costs related to the recognized debt liability which is presented in the consolidated balance sheet as a direct reduction from the carrying amount of the debt liability.

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