Restructuring Actions (Tables)

9 Months Ended

Sep. 29, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

As of September 29, 2024, the liability balance associated with the Program related restructuring actions consisted of severance payments recorded within Other accrued liabilities in the Consolidated Balance Sheets as follows:

	Nine Months Ended
Operational Excellence	September 29, 2024		October 1, 2023
Balance at beginning of the year	$	81.2	$	84.9
Charges	7.8		—
Payments	(40.1)		(33.9)
Ending Balance	$	48.9	$	51.0

The following table presents the restructuring charges incurred to date under the Program, along with the estimated charges expected to be incurred on approved initiatives under the Program as of September 29, 2024:

Operational Excellence	Total
Charges incurred to date	$	140.1
Estimated charges to be incurred on approved initiatives	—
Total expected charges on approved initiatives	$	140.1