Fair Value Measurements |
6 Months Ended |
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Jul. 04, 2025 | |
| Fair Value Disclosures [Abstract] | |
| Fair Value Measurements | NOTE 9. FAIR VALUE MEASUREMENTS Fair value is measured by using observable or, to the extent necessary, unobservable inputs. Financial instruments recorded at fair value include our deferred compensation plan. The fair value was $30.5 million and $31.0 million at the end of the second quarter of 2025 and the end of 2024, and is included in Other non-current assets and Other non-current liabilities on our Condensed Consolidated Balance Sheets. The fair value was measured by using quoted prices in active markets. Financial instruments not recorded at fair value on a recurring basis (debt) had an estimated fair value of $1.6 billion and $1.4 billion at the end of the second quarter of 2025 and the end of 2024. The fair value of the debt was determined based on observable market prices in less active markets. The fair values do not indicate the amount we would currently have to pay to extinguish the debt.
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