Fair Value Measurements (Tables)

6 Months Ended

Jul. 03, 2020

Fair Value Disclosures [Abstract]

Schedule of Financial Assets And Liabilities At Carrying and Fair Value

The carrying amounts and fair values of the Company’s financial instruments were as follows ($ in millions):

	July 3, 2020				December 31, 2019
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Cross-currency swap derivative contracts	$	3.3	$	3.3	$	—	$	—
Interest rate swap derivative contracts	$	—	$	—	$	0.1	$	0.1
Liabilities:
Cross-currency swap derivative contracts	$	2.5	$	2.5	$	8.9	$	8.9
Interest rate swap derivative contracts	$	11.6	$	11.6	$	—	$	—
Long-term debt, excluding convertible senior notes due 2025	$	1,321.0	$	1,321.0	$	1,321.0	$	1,321.0
Convertible senior notes due 2025	$	401.2	$	644.2	$	—	$	—

A summary of financial assets and liabilities that are measured at fair value on a recurring basis were as follows ($ in millions):

	Quoted Prices in Active Market (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
July 3, 2020:
Assets:
Cross-currency swap derivative contracts	$	—	$	3.3	$	—	$	3.3
Liabilities:
Cross-currency swap derivative contracts	$	—	$	2.5	$	—	$	2.5
Interest rate swap derivative contracts	$	—	$	11.6	$	—	$	11.6
Deferred compensation plans	$	—	$	9.4	$	—	$	9.4
December 31, 2019:
Assets:
Interest rate swap derivative contracts	$	—	$	0.1	$	—	$	0.1
Liabilities:
Cross-currency swap derivative contracts	$	—	$	8.9	$	—	$	8.9
Deferred compensation plans	$	—	$	7.2	$	—	$	7.2