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Derivative Instruments and Hedging Activities (Tables)
3 Months Ended
Mar. 30, 2024
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 March 30, 2024 and December 30, 2023.
Condensed Consolidated
Balance Sheets
(in millions)Balance sheet classificationMarch 30,
2024
December 30,
2023
Interest rate contracts, inclusive of accrued interest
Other non-current assets
$14.4 $11.6 
Interest rate contracts, inclusive of accrued interest
Other non-current liabilities
— (3.6)
Total$14.4 $8.0 
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 ended March 30, 2024 and April 1, 2023.
Cash flow hedgesCondensed Consolidated
Statement of Operations
Three Months Ended
(in millions)Location of gains (losses)March 30,
2024
April 1,
2023
Interest rate contracts
Non-operating (loss)
$(4.3)$(3.0)
Total$(4.3)$(3.0)
Schedule of Accumulated Other Comprehensive Income (Loss)
The following tables summarize the changes in accumulated other comprehensive income (loss) related to the hedging instruments for the three months and three months ended March 30, 2024 and April 1, 2023.
Three Months Ended
(in millions)March 30,
2024
April 1,
2023
Beginning balance$7.8 $19.3 
Amount recognized in other comprehensive income (loss)
10.8 (2.7)
Amount reclassified into earnings(4.3)(3.0)
Ending balance$14.3 $13.6