Fair Value Measurements (Tables)

9 Months Ended

Sep. 29, 2023

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
September 29, 2023
Assets:
Cross-currency swap derivative contracts	$	—	$	2.5	$	—	$	2.5
Liabilities:
Deferred compensation plans	$	—	$	19.2	$	—	$	19.2
Contingent consideration	$	—	$	—	$	3.9	$	3.9
December 31, 2022:
Liabilities:
Deferred compensation plans	$	—	$	15.8	$	—	$	15.8
Contingent consideration	$	—	$	—	$	6.0	$	6.0

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

	September 29, 2023				December 31, 2022
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Cross-currency swap derivative contracts	$	2.5	$	2.5	$	—	$	—
Liabilities:
Contingent consideration	$	3.9	$	3.9	$	6.0	$	6.0
Convertible senior notes due 2028	$	486.3	$	442.7	$	—	$	—
Convertible senior notes due 2025	$	115.1	$	162.6	$	510.0	$	873.0
Other debt	$	894.7	$	894.7	$	870.7	$	870.7