Fair Value Measurements (Tables)

9 Months Ended

Sep. 27, 2019

Fair Value Disclosures [Abstract]

Fair Value, Liabilities Measured on Recurring Basis

Below is a summary of financial liabilities that are measured at fair value on a recurring basis ($ in millions):

	Quoted Prices in Active Market (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
September 27, 2019
Deferred compensation liabilities	$	—	$	26.7	$	—	$	26.7
December 31, 2018
Deferred compensation liabilities	$	—	$	20.8	$	—	$	20.8

Carrying Amounts and Fair Values of Financial Instruments

The carrying amount and fair value of financial instruments are as follows ($ in millions):

	September 27, 2019				December 31, 2018
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Current portion of long-term debt	$	1,000.0	$	1,000.0	$	455.6	$	454.9
Long-term debt, net of current maturities	$	5,015.6	$	5,168.8	$	2,974.7	$	2,867.5