Fair Value Measurements (Tables)

9 Months Ended

Sep. 25, 2020

Fair Value Disclosures [Abstract]

Schedule of 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 25, 2020
Deferred compensation liabilities	$	—	$	33.9	$	—	$	33.9
December 31, 2019
Deferred compensation liabilities	$	—	$	29.6	$	—	$	29.6

Schedule of Carrying Amounts and Fair Values of Financial Instruments

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

	September 25, 2020				December 31, 2019
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Current portion of long-term debt	$	999.2	$	1,008.5	$	1,500.0	$	1,500.0
Long-term debt, net of current maturities	$	4,699.2	$	4,988.1	$	4,828.4	$	4,992.3