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Derivative Instruments and Hedging Activities (Tables) | 12 Months Ended
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Dec. 30, 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 December 30, 2023 and December 31, 2022.
|  |  |  | Consolidated Balance Sheets
(in millions) |  | Balance Sheet Classification |  | December 30, 2023 |  | December 31, 2022
Interest rate contracts, inclusive of accrued interest |  | Other non-current assets |  | $ | 11.6 |  |  | $ | 19.7 |
Interest rate contracts, inclusive of accrued interest |  | Other non-current liabilities |  | (3.6) |  |  | — |
Total |  |  |  | $ | 8.0 |  |  | $ | 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 consolidated financial statements for the year ended December 30, 2023.
|  |  |  | Consolidated Statement of Operations
(in millions) |  | Location of Gain (Loss) |  | December 30, 2023 |  | December 31, 2022 |  | January 1, 2022
Cash flow hedges - interest rate contracts |  | Non-operating (loss) income |  | $ | 14.9 |  |  | $ | 0.7 |  |  | $ | — |
Total |  |  |  | $ | 14.9 |  |  | $ | 0.7 |  |  | $ | — |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following tables summarize the changes in accumulated other comprehensive (loss) income related to the hedging instruments:
(in millions) |  | December 30, 2023 |  | December 31, 2022
Beginning balance |  | $ | 19.3 |  |  | $ | — |
Amount recognized in other comprehensive income |  | 3.4 |  |  | 20.0 |
Amount reclassified into earnings |  | (14.9) |  |  | (0.7) |
Ending balance |  | $ | 7.8 |  |  | $ | 19.3 |

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