v3.26.1
DERIVATIVE FINANCIAL INSTRUMENTS, PURCHASE COMMITMENTS, WARRANTS AND FAIR VALUE (Tables)
3 Months Ended
Mar. 29, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis based upon the level within the fair value hierarchy in which the fair value measurements fall, as of March 29, 2026:
(in millions)Level 1Level 2Level 3Total
Assets:
Cash and cash equivalents$73.7 $— $— $73.7 
Commodity contracts— 3.0 — 3.0 
Interest rate swaps— 5.2 — 5.2 
Total assets$73.7 $8.2 $— $81.9 
Liabilities:
Commodity contracts$— $0.3 $— $0.3 
Interest rate swaps— 0.2 — 0.2 
Debt— 842.3 — 842.3 
Total liabilities$— $842.8 $— $842.8 
The following table presents the Company’s financial assets and liabilities measured at fair value on a recurring basis based upon the level within the fair value hierarchy in which the fair value measurements fall, as of December 28, 2025:
(in millions)Level 1Level 2Level 3Total
Assets:
Cash and cash equivalents$120.4 $— $— $120.4 
Interest rate swaps— 0.8 — 0.8 
Total assets$120.4 $0.8 $— $121.2 
Liabilities:
Commodity contracts$— $1.2 $— $1.2 
Interest rate swaps— 1.1 — 1.1 
Debt— 849.6 — 849.6 
Total liabilities$— $851.9 $— $851.9