XML 60 R49.htm IDEA: XBRL DOCUMENT
v3.23.2

Derivative Instruments and Hedging Activities (Tables) | 6 Months Ended
--- | ---
Jul. 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 July 1, 2023 and December 31, 2022.
|  |  |  | Condensed Consolidated Balance Sheets
(in millions) |  | Balance sheet classification |  | July 1, 2023 |  | December 31, 2022 |  |
Interest rate contracts, inclusive of accrued interest |  | Other non-current assets | $ | — |  | $ | 21.5 |  |  | $ | 19.7 |  |  |
Total |  |  |  | $ | 21.5 |  |  | $ | 19.7 |  |  |
Schedule of 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 and six months ended July 1, 2023 and July 2, 2022.
Cash flow hedges |  |  |  | Condensed Consolidated Statement of Operations
|  |  |  | Three Months Ended |  | Six Months Ended
(in millions) |  | Location of gains (losses) |  | July 1, 2023 |  | July 2, 2022 |  | July 1, 2023 |  | July 2, 2022
Interest rate contracts |  | Non-operating (loss) income |  | 3.8 |  |  | $ | — |  |  | 6.8 |  |  | $ | — |
Total |  |  |  | $ | 3.8 |  |  | $ | — |  |  | $ | 6.8 |  |  | $ | — |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following tables summarize the changes in accumulated other comprehensive (loss) income related to the hedging instruments for the three months and six months ended July 1, 2023 and July 2, 2022.
|  | Three Months Ended |  | Six Months Ended
(in millions) |  | July 1, 2023 |  | July 2, 2022 |  | July 1, 2023 |  | July 2, 2022
Beginning balance |  | $ | 13.6 |  |  | $ | — |  |  | $ | 19.3 |  |  | $ | — |
Amount recognized in other comprehensive income |  | 11.3 |  |  | — |  |  | 8.6 |  |  | — |
Amount reclassified into earnings |  | (3.8) |  |  | — |  |  | (6.8) |  |  | — |
Ending balance |  | $ | 21.1 |  |  | $ | — |  |  | $ | 21.1 |  |  | $ | — |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration