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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 29, 2024
Fair Value Disclosures [Abstract] |
Carrying Value and Fair Value of Debt | The carrying value and fair value of debt as of June 29, 2024 and December 30, 2023 were as follows:
(In millions) |  | June 29, 2024 |  |  | December 30, 2023 |
|  | Carrying Value |  |  | Fair Value |  |  | Carrying Value |  |  | Fair Value |
Notes, net of underwriting commissions, price discounts and debt issuance costs |  | $ | 2,671.8 |  |  | $ | 2,497.4 |  |  | $ | 2,670.1 |  |  | $ | 2,562.4 |
Commercial paper borrowings |  |  | 229.2 |  |  |  | 229.2 |  |  |  | - |  |  |  | - |
Total debt |  | $ | 2,901.0 |  |  | $ | 2,726.6 |  |  | $ | 2,670.1 |  |  | $ | 2,562.4 |
Assets and Liabilities Measured at Fair Value on Recurring Basis | Assets and liabilities measured at fair value on a recurring basis as of June 29, 2024 and December 30, 2023 were as follows:
(In millions) |  | Fair Value |
|  | June 29, 2024 |  |  | December 30, 2023 |
Assets |  |  |  |  |  |
Derivative financial instruments (Level 2) |  | $ | 2.5 |  |  | $ | 0.8 |
Deferred compensation program assets (Level 2) |  |  | 18.5 |  |  |  | 14.7 |
Total assets |  | $ | 21.0 |  |  | $ | 15.5 |
Liabilities |  |  |  |  |  |
Derivative financial instruments (Level 2) |  | $ | 1.0 |  |  | $ | 2.7 |

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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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