Fair Value Measurements (Tables)

6 Months Ended

Jun. 26, 2020

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
June 26, 2020
Deferred compensation liabilities	$	—	$	31.6	$	—	$	31.6
December 31, 2019
Deferred compensation liabilities	$	—	$	29.6	$	—	$	29.6

Carrying Amounts and Fair Values of Financial Instruments

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

	June 26, 2020				December 31, 2019
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Current portion of long-term debt	$	998.8	$	1,010.4	$	1,500.0	$	1,500.0
Long-term debt, net of current maturities	$	4,686.2	$	4,872.1	$	4,828.4	$	4,992.3