Fair Value Measurements (Tables)

9 Months Ended

Oct. 01, 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
October 1, 2021:
Liabilities:
Interest rate swap derivative contracts	$	—	$	3.5	$	—	$	3.5
Cross-currency swap derivative contracts	$	—	$	28.7	$	—	$	28.7
Deferred compensation plans	$	—	$	15.5	$	—	$	15.5
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):

	October 1, 2021				December 31, 2020
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Liabilities:
Interest rate swap derivative contracts	$	3.5	$	3.5	$	8.3	$	8.3
Cross-currency swap derivative contracts	$	28.7	$	28.7	$	61.8	$	61.8
Convertible senior notes due 2025	$	426.7	$	1,097.2	$	411.1	$	902.7
Long-term debt	$	887.8	$	887.8	$	907.7	$	907.7