Financial Instruments and Derivative Instruments (Tables)

6 Months Ended

Jun. 29, 2025

Financial Instruments and Derivative Instruments

Schedule of fair value of financial assets and liabilities

	Fair Value Measurements at June 29, 2025 Using:
			Quoted Prices in Active		Significant Other		Significant
			Markets for Identical		Observable		Unobservable
			Assets		Inputs		Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
	(in millions)
Assets
Plan asset for deferred compensation(1)	$	2.7	$	2.7	$	—	$	—
Interest rate swap(2)	$	2.2	$	—	$	2.2	$	—
Total assets	$	4.9	$	2.7	$	2.2	$	—
Liabilities
Plan liability for deferred compensation(3)	$	2.7	$	2.7	$	—	$	—
Interest rate swap(4)	$	0.7	$	—	$	0.7	$	—
Designated foreign currency hedges(5)	$	0.2	$	—	$	0.2	$	—
Total liabilities	$	3.6	$	2.7	$	0.9	$	—

	Fair Value Measurements at December 31, 2024 Using:
			Quoted Prices in Active		Significant Other		Significant
			Markets for Identical		Observable		Unobservable
			Assets		Inputs		Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
	(in millions)
Assets
Plan asset for deferred compensation(1)	$	2.5	$	2.5	$	—	$	—
Interest rate swap(2)	$	3.8	$	—	$	3.8	$	—
Designated foreign currency hedges(6)	$	0.5	$	—	$	0.5	$	—
Total assets	$	6.8	$	2.5	$	4.3	$	—
Liabilities
Plan liability for deferred compensation(3)	$	2.5	$	2.5	$	—	$	—
Interest rate swap(4)	$	1.0	$	—	$	1.0	$	—
Total liabilities	$	3.5	$	2.5	$	1.0	$	—

(1) Included on the Company’s consolidated balance sheet in other assets (other, net).

(2) As of June 29, 2025, $2.2 million classified in prepaid expenses and other current assets on the Company’s consolidated balance sheet. As of December 31, 2024, $2.9 million classified in prepaid expenses and other current assets and $0.9 million classified in other assets (other, net) on the Company’s consolidated balance sheet.

(3)Included on the Company’s consolidated balance sheet in accrued compensation and benefits.

(4) As of June 29, 2025, $0.7 million classified in accrued expenses and other liabilities on the Company’s consolidated balance sheet. As of December 31, 2024, $0.7 million classified in accrued expenses and other liabilities and $0.3 million classified in other noncurrent liabilities on the Company’s consolidated balance sheet.

(5) Included on the Company’s consolidated balance sheet in accrued expenses and other liabilities.

(6) Included on the Company’s consolidated balance sheet in prepaid expenses and other current assets.