Fair Value Measurements (Tables)

3 Months Ended

Apr. 02, 2022

Fair Value Disclosures [Abstract]

Assets and liabilities carried at fair value, measured on a recurring basis

Assets and liabilities carried at fair value, measured on a recurring basis, as of April 2, 2022 were as follows:

			Fair Value Measurements Using
(In millions)	Total		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets
Investments	$	32.5	$	26.0	$	6.5	$	—
Derivative assets	14.2		2.1		12.1		—
Bank drafts	8.3		8.3		—		—
Liabilities
Cross-currency swap	$	5.0	$	—	$	5.0	$	—
Derivative liabilities	10.3		—		10.3		—
Contingent consideration liabilities	12.6		—		—		12.6

Assets and liabilities carried at fair value, measured on a recurring basis, as of January 1, 2022 were as follows:

			Fair Value Measurements Using
(In millions)	Total		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets
Investments	$	33.9	$	27.1	$	6.8	$	—
Derivative assets	7.1		.6		6.5		—
Bank drafts	14.1		14.1		—		—
Liabilities
Cross-currency swap	$	10.3	$	—	$	10.3	$	—
Derivative liabilities	3.6		—		3.6		—
Contingent consideration liabilities	7.6		—		—		7.6