Fair Value Measurements (Tables)

6 Months Ended

Jul. 03, 2026

The fair value of the contingent consideration was as follows (in millions):


	As of
	July 3, 2026		December 31, 2025
Contingent consideration included in:
Accrued expenses and other current liabilities	$	58.6	$	48.3
Other long-term liabilities	54.5		61.6
Total	$	113.1	$	109.9

The carrying amounts and fair values of the Company's long-term borrowings were as follows (in millions):


	As of
	July 3, 2026				December 31, 2025
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Long-term debt, including current portion (1)
0.50% Notes	$	1,485.9	$	1,813.2	$	1,483.5	$	1,424.2
2031 0% Notes	1,474.0		1,494.7		—		—
0% Notes	802.1		1,416.7		800.4		965.0
3.875% Notes	697.4		682.2		696.6		684.2

(1) Carrying amounts shown are net of unamortized debt discount, if applicable, and unamortized debt issuance costs.