Fair Value Measurements (Tables)

6 Months Ended

Jul. 02, 2021

Fair Value Disclosures [Abstract]

Schedule of Financial Assets And Liabilities At Carrying and Fair Value

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 2, 2021:
Liabilities:
Interest rate swap derivative contracts	$	—	$	5.1	$	—	$	5.1
Cross-currency swap derivative contracts	$	—	$	42.8	$	—	$	42.8
Deferred compensation plans	$	—	$	14.9	$	—	$	14.9
December 31, 2020:
Liabilities:
Interest rate swap derivative contracts	$	—	$	8.3	$	—	$	8.3
Cross-currency swap derivative contracts	$	—	$	61.8	$	—	$	61.8
Deferred compensation plans	$	—	$	11.8	$	—	$	11.8

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

	July 2, 2021				December 31, 2020
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Liabilities:
Interest rate swap derivative contracts	$	5.1	$	5.1	$	8.3	$	8.3
Cross-currency swap derivative contracts	$	42.8	$	42.8	$	61.8	$	61.8
Convertible senior notes due 2025	$	421.4	$	1,112.2	$	411.1	$	902.7
Long-term debt	$	893.2	$	893.2	$	907.7	$	907.7