Fair Value Measurements (Tables)

3 Months Ended

Apr. 01, 2023

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 1, 2023 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	$	36.3	$	20.9	$	15.4	$	—
Derivative assets	4.5		—		4.5		—
Bank drafts	3.1		3.1		—		—
Cross-currency swap	14.2		—		14.2		—
Liabilities
Derivative liabilities	$	11.7	$	1.3	$	10.4	$	—
Contingent consideration liabilities	5.0		—		—		5.0

Assets and liabilities carried at fair value, measured on a recurring basis, as of December 31, 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	$	31.3	$	22.6	$	8.7	$	—
Derivative assets	4.3		—		4.3		—
Bank drafts	3.2		3.2		—		—
Cross-currency swap	15.5		—		15.5		—
Liabilities
Derivative liabilities	$	12.2	$	.3	$	11.9	$	—
Contingent consideration liabilities	6.0		—		—		6.0