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Fair Value Measurements (Tables)

9 Months Ended

Sep. 27, 2025

Fair Value Disclosures [Abstract]

Carrying Value and Fair Value of Debt

The carrying value and fair value of debt as of September 27, 2025 and December 28, 2024 were as follows:

(In millions)		September 27, 2025								December 28, 2024
		Carrying Value				Fair Value				Carrying Value				Fair Value
Notes, net of underwriting commissions, price discounts and debt issuance costs		$	2,175.5			$	2,104.8			$	2,673.3			$	2,522.5
Commercial paper borrowings			479.0				479.0				-				-
Total debt		$	2,654.5			$	2,583.8			$	2,673.3			$	2,522.5

Assets and Liabilities Measured at Fair Value on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis as of September 27, 2025 and December 28, 2024 were as follows:

(In millions)		Fair Value
		September 27, 2025				December 28, 2024
Assets
Derivative financial instruments (Level 2)		$	1.7			$	8.6
Liabilities
Derivative financial instruments (Level 2)		$	0.7			$	2.7

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- References

No definition available.

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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.

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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/2009/role/commonPracticeRef
-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

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-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

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