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Derivative Instruments and Hedging Activities (Tables)
3 Months Ended
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 classificationApril 1,
2023
December 31,
2022
Interest rate contracts, inclusive of accrued interest
Other non-current assets
$14.2 $19.7 
Total$14.2 $19.7 
Reclassification out of Accumulated Other Comprehensive Income
The following table summarizes the gains (losses) reclassified from accumulated other comprehensive (loss) income to the condensed consolidated financial statements for the three months ended April 1, 2023 and April 2, 2022.
Condensed Consolidated
Statement of Operations
(in millions)Location of gains (losses)Three Months Ended
April 1, 2023
Three Months Ended
April 2, 2022
Cash flow hedges - interest rate contractsNon-operating (losses)$(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 $—