Fair Value Measurements (Tables)

9 Months Ended

Sep. 27, 2025

Fair Value Disclosures [Abstract]

Summary of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table summarizes the Company's financial assets and liabilities measured at fair value on a recurring basis:

		Fair Value
(in millions)	Fair Value Level	September 27, 2025		December 31, 2024		September 28, 2024
Cash equivalents	1	$	0.3	$	12.3	$	12.1
Short-term investments in marketable securities	1	0.8		0.8		0.8
Restricted cash	1	17.9		16.9		16.8
Derivative assets	2	13.4		22.1		3.1
Derivative liabilities	2	58.2		9.4		18.7
Deferred compensation	1	1.0		1.0		1.3
Deferred compensation	2	21.4		19.2		18.4
Liabilities measured at net asset value		15.3		14.3		14.7

Fair Value of Other Financial Instruments. The carrying values of the Company's short-term financial instruments, including cash and cash equivalents and accounts and notes receivable, approximate their fair values because of the short maturity of these instruments. The fair value of the Company's long-term debt, including current maturities, and short-term debt is determined using Level 1 and Level 2 inputs described in Note 6 to Notes to Consolidated Financial Statements in the 2024 Form 10-K. The fair value and carrying value of long-term debt, including current maturities, and short term debt as of September 27, 2025, December 31, 2024, and September 28, 2024 was as follows: