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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 29, 2025
Fair Value Disclosures [Abstract]  
Fair Value By Balance Sheet Grouping
The estimated fair value of financial instruments at June 29, 2025 was as follows: 
  Fair Value Measurements at Reporting Date Using
(In millions)Total
Carrying
Amount
Total
Estimated
Fair Value
Quoted Prices in
Active Markets for
Identical Assets (Level 1)
Significant
Observable
Inputs
(Level 2)
Cash and cash equivalents$319.6 $319.6 $319.6 $— 
Derivative financial instruments:
Assets3.1 3.1 — 3.1 
Liabilities2.6 2.6 — 2.6 
Debt (a)1,902.9 1,912.4 1,609.5 302.9 
The estimated fair value of financial instruments at December 29, 2024 was as follows: 
  Fair Value Measurements at Reporting Date Using
(In millions)Total
Carrying
Amount
Total
Estimated
Fair Value
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant
Observable
Inputs
(Level 2)
Cash and cash equivalents$721.2 $721.2 $721.2 $— 
Derivative financial instruments:
Assets1.9 1.9 — 1.9 
Liabilities6.0 6.0 — 6.0 
Debt (a)1,909.5 1,889.7 1,580.2 309.5 
(a)The total carrying amount for debt for both periods exclude debt issuance costs related to the recognized debt liability which is presented in the consolidated balance sheet as a direct reduction from the carrying amount of the debt liability.