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Derivative Instruments and Hedging Activities (Tables) | 3 Months Ended
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Apr. 01, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The following table summarizes the fair value of the hedging instruments, presented on a gross basis, as of April 1, 2023 and December 31, 2022.
|  |  |  | Condensed Consolidated Balance Sheets
(in millions) |  | Balance sheet classification |  | April 1, 2023 |  | December 31, 2022 |  |
Interest rate contracts, inclusive of accrued interest |  | Other non-current assets |  | $ | 14.2 |  |  | $ | 19.7 |  |  |
Total |  |  |  | $ | 14.2 |  |  | $ | 19.7 |  |  |
Reclassification out of Accumulated Other Comprehensive Income | The following table summarizes the gains (losses) reclassified from accumulated other comprehensive (loss) income to the condensed consolidated financial statements for the three months ended April 1, 2023 and April 2, 2022.
|  |  |  | Condensed Consolidated Statement of Operations
(in millions) |  | Location of gains (losses) |  | Three Months Ended April 1, 2023 |  | Three Months Ended April 2, 2022 |  |
Cash flow hedges - interest rate contracts |  | Non-operating (losses) |  | $ | (3.0) |  |  | $ | — |  |  |
Total |  |  |  | $ | (3.0) |  |  | $ | — |  |  |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following tables summarize the changes in accumulated other comprehensive (losses) income related to the hedging instruments for the three months ended April 1, 2023 and April 2, 2022.
(in millions) |  | April 1, 2023 |  | April 2, 2022
Beginning balance |  | $ | 19.3 |  |  | $ | — |
Amount recognized in other comprehensive (loss) income |  | (2.7) |  |  | — |
Amount reclassified into earnings |  | (3.0) |  |  | — |
Ending balance |  | $ | 13.6 |  |  | $ | — |

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- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
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