v3.25.2
Derivative Instruments and Hedging Activities (Tables)
6 Months Ended
Jun. 28, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value The following table summarizes the fair value of the hedging instruments, presented on a gross basis, as of June 28, 2025 and December 28, 2024.
Condensed Consolidated
Balance Sheets
(in millions)Balance sheet classificationJune 28,
2025
December 28,
2024
Interest rate contracts, inclusive of accrued interest
Other non-current assets
$3.1 $6.8 
Interest rate contracts, inclusive of accrued interest
Other non-current liabilities
(1.6)(0.1)
Total$1.5 $6.7 
Schedule of Reclassification out of Accumulated Other Comprehensive (Loss) Income
The following table summarizes the gains reclassified from accumulated other comprehensive (loss) income to the condensed consolidated statements of operations for the three and six months ended June 28, 2025 and June 29, 2024, respectively.
Cash flow hedgesCondensed Consolidated
Statement of Operations
Three Months Ended
Six Months Ended
(in millions)
Location of gains
June 28,
2025
June 29,
2024
June 28,
2025
June 29,
2024
Interest rate contractsNon-operating gains$1.4 $4.1 $3.0 $8.3 
Total$1.4 $4.1 $3.0 $8.3 
Schedule of Accumulated Other Comprehensive (Loss) Income
The following tables summarize the changes in accumulated other comprehensive (loss) income related to the hedging instruments for the three and six months ended June 28, 2025 and June 29, 2024, respectively.
Three Months Ended
Six Months Ended
(in millions)June 28,
2025
June 29,
2024
June 28,
2025
June 29,
2024
Beginning balance$2.5 $14.3 $6.0 $7.8 
Amount recognized in other comprehensive (loss) income
— 3.3 (1.9)14.0 
Amount reclassified into earnings(1.4)(4.1)(3.0)(8.3)
Ending balance$1.1 $13.5 $1.1 $13.5