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Fair Value Measurements (Tables)
3 Months Ended
Apr. 01, 2022
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
April 1, 2022
Deferred compensation liabilities$— $35.8 $— $35.8 
December 31, 2021
Deferred compensation liabilities— 36.0 — 36.0 
Schedule of Carrying Amounts and Fair Values of Financial Instruments The carrying amount and fair value of financial instruments are as follows ($ in millions):
April 1, 2022December 31, 2021
Carrying AmountFair ValueCarrying AmountFair Value
Current portion of long-term debt$999.8 $1,000.0 $2,151.7 $2,158.3 
Long-term debt, net of current maturities$2,738.9 $2,767.9 $1,807.3 $1,978.9