XML 23 R11.htm IDEA: XBRL DOCUMENT v3.26.1
Fair Value Measurements
 3 Months Ended
Apr. 04, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The following table summarizes the Company's financial assets and liabilities measured at fair value on a recurring basis:
Fair Value
(in millions)Fair Value LevelApril 4, 2026December 31, 2025March 29, 2025
Cash equivalents1$0.2 $0.4 $16.9 
Short-term investments in marketable securities10.8 0.8 0.8 
Restricted cash110.7 18.1 18.0 
Derivative assets220.5 13.3 10.7 
Derivative liabilities251.7 58.2 17.2 
Deferred compensation11.1 1.1 0.8 
Deferred compensation222.6 22.6 18.5 
Liabilities measured at net asset value15.8 15.6 12.8 

Fair Value of Other Financial Instruments. The carrying values of the Company's short-term financial instruments, including cash and cash equivalents and accounts and notes receivable, approximate their fair values because of the short maturity of these instruments. The fair value of the Company's long-term debt, including current maturities, and short-term debt is determined using Level 1 and Level 2 inputs described in Note 6 to Notes to Consolidated Financial Statements in the 2025 Form 10-K. The fair value and carrying value of long-term debt, including current maturities, and short-term debt as of April 4, 2026, December 31, 2025, and March 29, 2025 was as follows: