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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 classificationJuly 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 hedgesCondensed 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 contractsNon-operating (loss) income3.8 $— 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 EndedSix 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 income11.3 — 8.6 — 
Amount reclassified into earnings(3.8)— (6.8)— 
Ending balance$21.1 $— $21.1 $—