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Derivative Instruments & Hedging Activities (Tables) | 9 Months Ended
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Sep. 28, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Fair Value of Derivative Financial Instruments Included in Consolidated Balance Sheets | The fair value of the Company’s derivative financial instruments included in the Consolidated Balance Sheets is presented as follows:
| Asset Derivatives |  |  | Liability Derivatives |
| Balance Sheet |  | Fair Value (1) |  | Fair Value (1) |  |  | Balance Sheet |  | Fair Value (1) |  | Fair Value (1) |
| Location |  | September 28, 2024 |  | December 30, 2023 |  |  | Location |  | September 28, 2024 |  | December 30, 2023 |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |
Interest rate swap contracts | Other assets |  | $ | — |  | $ | 6.7 |  |  | Other non-current liabilities |  | $ | — |  | $ | — |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |
Forward foreign exchange contracts | Other current assets |  |  | — |  |  | — |  |  | Other current liabilities |  |  | — |  |  | — |
Forward foreign exchange contracts | Other assets |  |  | — |  |  | — |  |  | Other non-current liabilities |  |  | — |  |  | — |
Total derivatives |  |  | $ | — |  | $ | 6.7 |  |  |  |  | $ | — |  | $ | — |
(1) See Note 4 for information regarding the inputs used in determining the fair value of derivative assets and liabilities.
Schedule of Gains and Losses Related to Derivative Financial Instruments | The amount of gains and losses related to the Company’s derivative financ ial instruments for the nine months ended September 28, 2024 and September 30, 2023, are presented as follows:
|  | Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivatives (Effective Portion) |  |  | Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income | Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income into Earnings (Effective Portion) |
|  | September 28, 2024 |  | September 30, 2023 |  |  | into Earnings (Effective Portion) |  | September 28, 2024 |  | September 30, 2023 |
Derivatives in cash flow hedging relationships: |  |  |  |  |  |  |  |
Interest rate swap contracts |  | $ | 0.5 |  | $ | 1.4 |  |  | Interest expense, net |  | $ | 3.6 |  | $ | 5.2 |
Interest ex pense presented in the Consolidated Statements of Operations, in which the effects of cash flow hedges are recorded, totaled $25.7 and $22.6 for the nine months ended September 28, 2024 and September 30, 2023, respectively.
|  | Amount of Gain or (Loss) Recognized in Earnings on Derivatives |  |  | Location of Gain or (Loss) Recognized
|  | September 28, 2024 |  | September 30, 2023 |  |  | in Earnings on Derivatives
Derivatives not designated as hedging instruments: |  |  |
Forward foreign exchange contracts |  | $ | — |  | $ | (0.1 | ) |  | Foreign currency transaction gain / loss, net

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