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Equity Security Investments Using the Measurement Alternative Method
9 Months Ended
Sep. 27, 2024
Investments, Debt and Equity Securities [Abstract]  
Equity Security Investments Using the Measurement Alternative Method EQUITY SECURITY INVESTMENTS USING THE MEASUREMENT ALTERNATIVE METHOD
The summary below represents the Company’s equity security investments using the measurement alternative method that do not have readily determinable fair values. The Company records these investments at cost, and they are remeasured to fair value upon observable price changes in orderly transactions for the identical or similar investment of the same issuer, or upon impairment. The Company records these investments as Other long-term assets in the Condensed Consolidated Balance Sheets and are summarized as follows ($ in millions):

September 27, 2024December 31, 2023
Equity security investments$27.6 $28.6 

The Company records net realized and unrealized gains (losses) for the above security investments in other income (expense), net, in the Condensed Consolidated Statements of Operations. Net unrealized gains (losses) are summarized as follows ($ in millions):
Three Months EndedNine Months Ended
September 27, 2024September 29, 2023September 27, 2024September 29, 2023
Investment loss
    Unrealized loss$— $(3.3)$(1.5)$(3.3)
Total$— $(3.3)$(1.5)$(3.3)