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Fair Value Measurements (Tables)
12 Months Ended
Dec. 28, 2024
Fair Value Disclosures [Abstract]  
Carrying Value and Fair Value of Debt

The carrying value and fair value of debt as of December 28, 2024 and December 30, 2023 were as follows:

 

(In millions)

 

December 28, 2024

 

 

December 30, 2023

 

 

 

Carrying
Value

 

 

Fair
Value

 

 

Carrying
Value

 

 

Fair
Value

 

Notes, net of underwriting commissions, price
   discounts and debt issuance costs

 

$

2,673.3

 

 

$

2,522.5

 

 

$

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 December 28, 2024 and December 30, 2023 were as follows:

 

(In millions)

 

Fair Value

 

 

 

2024

 

 

 

2023

 

Assets:

 

 

 

 

 

 

 

Derivative asset financial instruments (level 2)

 

$

8.6

 

 

 

$

0.8

 

Liabilities:

 

 

 

 

 

 

 

Derivative liability financial instruments (level 2)

 

$

2.7

 

 

 

$

2.7