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Divestitures (Tables)
 6 Months Ended
Jun. 29, 2024
Divestitures [Abstract]  
Schedule of gain loss on sale of business
The following table summarizes the net gain recognized in the first quarter of 2023 in connection with the divestiture:
(In millions)
Net proceeds$83.4 
Net assets disposed(65.9)
Direct costs to sell(1.6)
AOCI reclassification adjustment, foreign currency translation4.2 
Gain on sale of business$20.1 
Disposal Groups, Including Discontinued Operations [Table Text Block]
The following is a summary of the major categories of assets and liabilities that have been classified as held for sale on the consolidated condensed balance sheets:
(In millions)December 30, 2023July 1,
2023
Cash and cash equivalents$5.6 $3.6 
Accounts receivables, net15.4 4.7 
Inventories83.3 10.8 
Other current assets2.9 — 
Property, plant and equipment, net3.8 — 
Lease right-of-use assets
7.6 — 
Goodwill43.0 — 
Indefinite-lived intangibles67.0 — 
Amortizable intangibles, net21.0 — 
Other assets7.8 — 
Impairment of carrying value(96.8)— 
Total assets held for sale$160.6 $19.1 
Accounts payable$4.8 $3.4 
Lease liabilities9.0 — 
Accrued liabilities9.0 0.7 
Other liabilities1.4 — 
Total liabilities held for sale$24.2 $4.1