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Derivative Instruments and Hedging Activities (Tables)
12 Months Ended
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 ClassificationDecember 30,
2023
December 31,
2022
Interest rate contracts, inclusive of accrued interestOther 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 income3.4 20.0 
Amount reclassified into earnings(14.9)(0.7)
Ending balance$7.8 $19.3