Fair Value Measurements (Tables)

6 Months Ended

Jul. 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
July 1, 2022
Deferred compensation liabilities	$	—	$	31.4	$	—	$	31.4
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):

	July 1, 2022				December 31, 2021
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Current portion of long-term debt	$	999.9	$	1,000.0	$	2,151.7	$	2,158.3
Long-term debt, net of current maturities	$	2,682.2	$	2,584.8	$	1,807.3	$	1,978.9