XML 68 R58.htm IDEA: XBRL DOCUMENT v3.24.3
Financial Instruments and Fair Value Measurements (Narrative) (Details)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 27, 2024
USD ($)
Sep. 29, 2023
USD ($)
Sep. 27, 2024
USD ($)
Sep. 29, 2023
USD ($)
Dec. 29, 2023
USD ($)
Nov. 14, 2023
USD ($)
Mar. 13, 2023
USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis              
Derivative, Notional Amount             $ 860.0
Derivative, Interest Rate Cap, Premium             $ 20.0
Derivative, Cap Interest Rate             3.84%
Equity Securities, FV-NI, Unrealized Gain (Loss) $ (1.3) $ 7.2 $ 1.4 $ 9.1      
Other Assets, Fair Value Disclosure 30.8   30.8   $ 28.9    
Cash Flow Hedge Derivative Instrument Assets at Fair Value 4.3   4.3   12.9    
Assets, Fair Value Disclosure 60.0   60.0   85.1    
Interest Rate Cap              
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis              
Unrealized Gain (Loss) on Derivatives 9.9 2.7 8.6 8.8      
Embedded Derivative Financial Instruments              
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis              
Unrealized Gain (Loss) on Derivatives 8.0   2.7        
Professional Fees Escrow Account              
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis              
Restricted Cash, Fair Value Disclosure $ 0.0   $ 0.0     $ 24.0  
Takeback Term Loans | Embedded Derivative Financial Instruments              
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis              
Discount Rate, Present Value of Future Cash Flows 1.12%   1.12%        
Fourteen Point Seven Five Percent Second-Out Takeback Notes | Scenario 1 | Derivative Financial Instruments, Liabilities              
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis              
Derivative, Remaining Maturity 4 years 1 month 6 days   4 years 1 month 6 days        
Fourteen Point Seven Five Percent Second-Out Takeback Notes | Scenario 1 | Derivative Financial Instruments, Liabilities | Measurement Input Probability              
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis              
Derivative Liability, Measurement Input | pURE 0.950   0.950        
Fourteen Point Seven Five Percent Second-Out Takeback Notes | Embedded Derivative Financial Instruments              
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis              
Discount Rate, Present Value of Future Cash Flows 2.36%   2.36%        
Seven Point Five Zero Percent to Nine Point Five Zero Percent Plus SOFR First-Out Takeback Notes | Scenario 1 | Derivative Financial Instruments, Liabilities              
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis              
Derivative, Remaining Maturity 4 years 1 month 6 days   4 years 1 month 6 days        
Derivative, Contract End Date     Nov. 14, 2028        
Seven Point Five Zero Percent to Nine Point Five Zero Percent Plus SOFR First-Out Takeback Notes | Scenario 1 | Derivative Financial Instruments, Liabilities | Measurement Input Probability              
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis              
Derivative Liability, Measurement Input | pURE 0.950   0.950        
Fourteen Point Seven Five Percent Second-Out Takeback Notes | Scenario 1 | Derivative Financial Instruments, Liabilities | Measurement Input Coupon Rate              
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis              
Derivative Liability, Measurement Input | pURE 0.1475   0.1475        
Recurring              
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis              
Derivative Liability $ 12.4   $ 12.4   15.1    
Investments, Fair Value Disclosure 24.9   24.9   43.3    
Deferred Compensation Liability, Fair Value 21.4   21.4   21.0    
Contingent consideration and acquired contingent liabilities 17.9   17.9   14.7    
Financial and Nonfinancial Liabilities, Fair Value Disclosure 51.7   51.7   50.8    
Level 3 | Other current and non-current assets              
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis              
Cash surrender value of life insurance 44.2   44.2   45.3    
Level 3 | Recurring              
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis              
Derivative Liability 12.4   12.4   15.1    
Investments, Fair Value Disclosure 0.0   0.0   0.0    
Other Assets, Fair Value Disclosure 0.0   0.0   0.0    
Cash Flow Hedge Derivative Instrument Assets at Fair Value 0.0   0.0   0.0    
Assets, Fair Value Disclosure 0.0   0.0   0.0    
Deferred Compensation Liability, Fair Value 0.0   0.0   0.0    
Contingent consideration and acquired contingent liabilities 17.9   17.9   14.7    
Financial and Nonfinancial Liabilities, Fair Value Disclosure 30.3   30.3   29.8    
Level 3 | Recurring | Contingent Liabilities              
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis              
Fair value adjustment 1.1 $ 0.2 3.2 $ 7.3      
Level 2 | Recurring              
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis              
Derivative Liability 0.0   0.0   0.0    
Investments, Fair Value Disclosure 8.4   8.4   14.2    
Other Assets, Fair Value Disclosure 0.0   0.0   0.0    
Cash Flow Hedge Derivative Instrument Assets at Fair Value 4.3   4.3   12.9    
Assets, Fair Value Disclosure 12.7   12.7   27.1    
Deferred Compensation Liability, Fair Value 21.4   21.4   21.0    
Contingent consideration and acquired contingent liabilities 0.0   0.0   0.0    
Financial and Nonfinancial Liabilities, Fair Value Disclosure 21.4   21.4   21.0    
Level 1 | Recurring              
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis              
Derivative Liability 0.0   0.0   0.0    
Investments, Fair Value Disclosure 16.5   16.5   29.1    
Other Assets, Fair Value Disclosure 30.8   30.8   28.9    
Cash Flow Hedge Derivative Instrument Assets at Fair Value 0.0   0.0   0.0    
Assets, Fair Value Disclosure 47.3   47.3   58.0    
Deferred Compensation Liability, Fair Value 0.0   0.0   0.0    
Contingent consideration and acquired contingent liabilities 0.0   0.0   0.0    
Financial and Nonfinancial Liabilities, Fair Value Disclosure 0.0   0.0   0.0    
Indemnification Agreement | Level 1              
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis              
Restricted Cash and Cash Equivalents $ 65.5   $ 65.5   $ 80.7