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Fair Value Measurements (Tables)

3 Months Ended

Apr. 02, 2023

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the Company’s hierarchy for its assets and liabilities measured at fair value on a recurring basis as of the following periods:

			April 2, 2023																								January 1, 2023
(In millions)			Level 1						Level 2						Level 3						Total						Level 1						Level 2						Level 3						Total
Assets:
Cash equivalents			$	0.3					$	—					$	—					$	0.3					$	0.6					$	2.1					$	—					$	2.7
Marketable securities			—						76.6						—						76.6						2.0						71.1						—						73.1
Derivative assets			—						17.1						—						17.1						—						22.0						—						22.0
Total assets measured at fair value			$	0.3					$	93.7					$	—					$	94.0					$	2.6					$	95.2					$	—					$	97.8
Liabilities:
Derivative liabilities			$	—					$	43.0					$	—					$	43.0					$	—					$	21.8					$	—					$	21.8
Contingent consideration			—						—						0.1						0.1						—						—						0.1						0.1
Deferred consideration			—						39.8						—						39.8						—						39.3						—						39.3
Total liabilities measured at fair value			$	—					$	82.8					$	0.1					$	82.9					$	—					$	61.1					$	0.1					$	61.2

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- References

No definition available.

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- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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