Divestitures (Tables)

3 Months Ended

Mar. 30, 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 translation	4.2
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, 2023		April 1, 2023
Cash and cash equivalents	$	5.6	$	4.4
Accounts receivables, net	15.4		6.5
Inventories	83.3		11.2
Other current assets	2.9		—
Property, plant and equipment, net	3.8		—
Lease right-of-use assets	7.6		—
Goodwill	43.0		—
Indefinite-lived intangibles	67.0		—
Amortizable intangibles, net	21.0		—
Other assets	7.8		—
Impairment of carrying value	(96.8)		—
Total assets held for sale	$	160.6	$	22.1
Accounts payable	$	4.8	$	4.8
Lease liabilities	9.0		—
Accrued liabilities	9.0		0.8
Other liabilities	1.4		—
Total liabilities held for sale	$	24.2	$	5.6