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Derivative Instruments and Hedging Activities (Tables)
6 Months Ended
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 classificationJune 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 hedgesCondensed 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