Derivative and Hedging Activities (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | |||
|---|---|---|---|---|---|
Sep. 29, 2022 |
Sep. 30, 2021 |
Sep. 29, 2022 |
Oct. 01, 2020 |
Dec. 31, 2021 |
|
| Interest Rate Swaps | |||||
| Foreign Currency Cash Flow Hedge Asset at Fair Value | $ 0.0 | $ 0.0 | $ 0.0 | ||
| Foreign Currency Cash Flow Hedge Liability at Fair Value | 25.4 | 25.4 | 2.0 | ||
| Unrealized Gain (Loss) on Cash Flow Hedging Instruments | (15.5) | $ (6.2) | (32.5) | $ (5.5) | |
| Derivative, Notional Amount | 222.3 | 222.3 | $ 167.7 | ||
| Derivative Instruments, Gain Reclassified from Accumulated OCI into Income, Effective Portion | $ 0.1 | $ 0.1 | |||
| Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | $ (25.4) | ||||
| Maximum Length of Time Hedged in Cash Flow Hedge | 12 months | ||||
| Derivative, Credit Risk Related Contingent Features, Existence and Nature | Generally, the Company has agreements with its counterparties that contain a provision whereby if the Company defaults on its existing credit facilities and payment of the loans extended under such facilities is accelerated, the Company could be declared in default under its agreements, which may result in the early termination of the outstanding derivatives governed by such agreements and the payment of an early termination amount. | ||||
| General Cash Flow Hedge Information [Abstract] | |||||
| Objectives for Using Cash Flow Hedging Instruments | The Company has entered into currency forward contracts, each designated as a cash flow hedge upon the date of execution, for the purpose of reducing the variability of cash flows and hedging against the foreign currency exposure for forecasted payroll, pension and vendor disbursements that are expected to be made in the British Pound Sterling. The hedging program implemented is intended to reduce foreign currency exposure, and the associated forward currency contracts hedge forecasted transactions through September 2023. | ||||
| Derivative Instruments, Loss Reclassified from Accumulated OCI into Income, Effective Portion | $ (6.5) | $ (12.1) | |||
| Description of Interest Rate Cash Flow Hedge Activities | The Company has traditionally entered into interest rate swap agreements to reduce its exposure to the variable rate portion of its long-term debt. As of December 31, 2020, the Company had one interest rate swap agreement, designated as cash flow hedge, with a notional value of $150. In February, 2021, the Company terminated the swap agreement. The Company had no interest rate swaps outstanding during the nine-month period ended September 29, 2022. | ||||
| Description of Foreign Currency Derivative Instruments Not Designated as Hedging Instruments Activities | During the nine months ended September 29, 2022, the Company entered into foreign currency forward contracts in the amount of $291.5 to minimize the risk of currency exchange rate movements on the Company's planned settlement of the repayable investment agreement between the Company and the U.K.'s Department for Business, Energy and Industrial Strategy. During the nine-month period ended September 29, 2022, these foreign currency forward contracts were settled and new contracts were entered into in the amount of $293.7, which were also settled during the period. The Company did not designate these forward contracts as hedges or apply hedge accounting to the forward contracts. | ||||
| Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments | $ 1.6 | ||||