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Derivative Instruments and Hedging Activities (Tables) | 6 Months Ended
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Jun. 29, 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 June 29, 2024 and December 30, 2023.
|  |  |  | Condensed Consolidated Balance Sheets
(in millions) |  | Balance sheet classification |  | June 29, 2024 |  | December 30, 2023 |  |
Interest rate contracts, inclusive of accrued interest |  | Other non-current assets |  | $ | 13.6 |  |  | $ | 11.6 |  |  |
Interest rate contracts, inclusive of accrued interest |  | Other non-current liabilities |  | — |  |  | (3.6) |  |  |
Total |  |  |  | $ | 13.6 |  |  | $ | 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 and six months ended June 29, 2024 and July 1, 2023.
Cash flow hedges |  |  |  | Condensed Consolidated Statement of Operations
|  |  |  | Three Months Ended |  | Six Months Ended
(in millions) |  | Location of gains (losses) |  | June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
Interest rate contracts |  | Non-operating (loss) |  | $ | 4.1 |  |  | $ | 3.8 |  |  | $ | 8.3 |  |  | $ | 6.8 |
Total |  |  |  | $ | 4.1 |  |  | $ | 3.8 |  |  | $ | 8.3 |  |  | $ | 6.8 |
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 six months ended June 29, 2024 and July 1, 2023.
|  | Three Months Ended |  | Six Months Ended
(in millions) |  | June 29, 2024 |  | July 1, 2023 |  | June 29, 2024 |  | July 1, 2023
Beginning balance |  | $ | 14.3 |  |  | $ | 13.6 |  |  | $ | 7.8 |  |  | $ | 19.3 |
Amount recognized in other comprehensive (loss) |  | 3.3 |  |  | 11.3 |  |  | 14.0 |  |  | 8.6 |
Amount reclassified into earnings |  | (4.1) |  |  | (3.8) |  |  | (8.3) |  |  | (6.8) |
Ending balance |  | $ | 13.5 |  |  | $ | 21.1 |  |  | $ | 13.5 |  |  | $ | 21.1 |

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