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Financial Instruments Financial Instruments (Tables)
 9 Months Ended
Sep. 26, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Values of Derivative Instruments
As of September 26, 2020, December 31, 2019 and September 28, 2019, the fair values of the Company’s derivative instruments were:
(in millions)  
 Derivative AssetsDerivative Liabilities
InstrumentBalance Sheet LocationFair ValueBalance Sheet LocationFair Value
Sep 26, 2020Dec 31, 2019Sep 28, 2019Sep 26, 2020Dec 31, 2019Sep 28, 2019
Derivatives Designated as Cash Flow Hedges
Foreign exchange contractsPrepaid expenses and other$2.1 $4.1 $9.0 Accrued expenses$3.2 $2.3 $1.3 
Commodity contracts
Prepaid expenses and other0.0 — — Accrued expenses0.1 — — 
Total
$2.1 $4.1 $9.0 $3.3 $2.3 $1.3 
Derivatives Designated as Fair Value Hedges
Interest rate contracts
Other long-term assets$— $— $2.2 Other long-term liabilities$— $— $— 
Total
$— $— $2.2 $— $— $— 
Other Hedging Activity
Foreign exchange contractsPrepaid expenses and other$0.5 $0.1 $0.5 Accrued expenses$0.4 $0.9 $0.5 
Effect of Derivative Instruments on the Condensed Consolidated Statements of Comprehensive Income The effect of derivative instruments on the Condensed Consolidated Statements of Comprehensive Income for the three months and nine months ended September 26, 2020 and September 28, 2019 was: 
(in millions)
Derivatives Designated as Cash Flow Hedging InstrumentsAmount of Gain (Loss) on Derivatives Recognized in Accumulated Other Comprehensive LossLocation of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings
Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings
Three Months EndedNine Months EndedThree Months EndedNine Months Ended
Sep 26,
2020		Sep 28,
2019		Sep 26,
2020		Sep 28,
2019		Sep 26,
2020		Sep 28,
2019		Sep 26,
2020		Sep 28,
2019
Interest rate contracts$— $— $— $— Interest expense$(0.1)$(0.1)$(0.4)$(0.4)
Foreign exchange contracts(3.0)7.8 3.6 8.8 Cost of sales1.4 2.6 8.1 8.0 
Commodity contracts0.0 — (0.1)— Cost of sales0.0 — (0.0)— 
Total$(3.0)$7.8 $3.5 $8.8  $1.3 $2.5 $7.7 $7.6 

Derivatives Designated as Fair Value Hedging InstrumentsLocation of Gain (Loss) on Derivatives
Recognized in Earnings 		Amount of Gain (Loss) on Derivatives Recognized in Earnings
Three Months EndedNine Months Ended
Sep 26,
2020		Sep 28,
2019		Sep 26,
2020		Sep 28,
2019
Interest rate contractsInterest expense$0.2 $0.3 $0.5 $0.1 

Other Hedging Activity
Location of Gain (Loss) on Derivatives
Recognized in Earnings 		Amount of Gain (Loss) on Derivatives Recognized in Earnings
Three Months EndedNine Months Ended
Sep 26, 2020Sep 28, 2019Sep 26, 2020Sep 28, 2019
Foreign exchange contractsCost of sales$(0.5)$3.2 $2.9 $3.9 
Foreign exchange contractsOther expense, net(0.1)(1.3)1.1 (0.7)
Total $(0.6)$1.9 $4.0 $3.2