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Derivative Instruments and Hedging Activities (Tables) | 3 Months Ended
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Mar. 29, 2025
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 29, 2025 and December 28, 2024.
|  |  |  | Condensed Consolidated Balance Sheets
(in millions) |  | Balance sheet classification |  | March 29, 2025 |  | December 28, 2024 |  |
Interest rate contracts, inclusive of accrued interest |  | Other non-current assets |  | $ | 4.3 |  |  | $ | 6.8 |  |  |
Interest rate contracts, inclusive of accrued interest |  | Other non-current liabilities |  | (1.3) |  |  | (0.1) |  |  |
Total |  |  |  | $ | 3.0 |  |  | $ | 6.7 |  |  |
Schedule of Reclassification out of Accumulated Other Comprehensive (Loss) Income | The following table summarizes the gains reclassified from accumulated other comprehensive (loss) income to the condensed consolidated financial statements for the three months ended March 29, 2025 and March 30, 2024, respectively.
Cash flow hedges |  |  |  | Condensed Consolidated Statement of Operations
|  |  |  | Three Months Ended |  |
(in millions) |  | Location of gains |  | March 29, 2025 |  | March 30, 2024 |  |  |  |
Interest rate contracts |  | Non-operating gains |  | $ | 1.6 |  |  | $ | 4.3 |  |  |  |  |
Total |  |  |  | $ | 1.6 |  |  | $ | 4.3 |  |  |  |  |
Schedule of Accumulated Other Comprehensive (Loss) Income | The following tables summarize the changes in accumulated other comprehensive (loss) income related to the hedging instruments for the three months ended March 29, 2025 and March 30, 2024, respectively.
|  | Three Months Ended |  |
(in millions) |  | March 29, 2025 |  | March 30, 2024 |  |  |  |
Beginning balance |  | $ | 6.0 |  |  | $ | 7.8 |  |  |  |  |
Amount recognized in other comprehensive (loss) income |  | (1.9) |  |  | 10.8 |  |  |  |  |
Amount reclassified into earnings |  | (1.6) |  |  | (4.3) |  |  |  |  |
Ending balance |  | $ | 2.5 |  |  | $ | 14.3 |  |  |  |  |

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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481694/830-30-45-20 + Details
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