v3.26.1
Fair Value Measurements of Financial Instruments
 6 Months Ended
Jul. 04, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements of Financial Instruments Fair Value Measurements of Financial Instruments
For recognition purposes, on a recurring basis, the Corporation is required to measure at fair value its marketable securities, derivative financial instruments, put option liabilities, and auction rate securities. The marketable securities are comprised of money market funds, government securities, corporate bonds, and mutual funds. When available, the Corporation uses quoted market prices to determine fair value and classifies such measurements within Level 1. Where market prices are not available, the Corporation makes use of observable market-based inputs (prices or quotes from published exchanges and indexes) to calculate fair value using the market approach, in which case the measurements are classified within Level 2. Significant unobservable inputs, which are classified within Level 3, are used in the estimation of the fair value of put option liabilities and auction rate securities, determined using a simulation model based on assumptions including future cash flows, discount rates, and volatility. The activity for assets and liabilities measured at estimated fair value using Level 3 during the current- and prior-year period was immaterial.
Financial instruments measured at fair value were as follows:
Fair value as of measurement dateQuoted prices in active markets for identical assets
(Level 1)		Significant other observable inputs
(Level 2)		Significant unobservable inputs
(Level 3)
Balance as of July 4, 2026
Cash and cash equivalents (including money market funds) (1)$105.0 $105.0 $— $— 
Restricted Cash (3)$7.7 $7.7 $— $— 
Mutual funds (3)$8.0 $8.0 $— $— 
Government securities (3)$8.8 $— $8.8 $— 
Corporate bonds (3)$5.6 $— $5.6 $— 
Foreign exchange forward contracts - assets (2)$0.1 $— $0.1 $— 
Auction Rate Security (3)$2.7 $— $— $2.7 
Interest rate swap derivative - liability (4)$(0.8)$— $(0.8)$— 
Foreign exchange forward contracts - liabilities (4)$(0.9)$— $(0.9)$— 
Put option liability (5)$(5.6)$— $— $(5.6)
Balance as of January 3, 2026
Cash and cash equivalents (including money market funds) (1)$209.2 $209.2 $— $— 
Restricted Cash (3)$8.8 $8.8 $— $— 
Mutual funds (3)$11.7 $11.7 $— $— 
Government securities (3)$7.0 $— $7.0 $— 
Corporate bonds (3)$6.5 $— $6.5 $— 
Foreign exchange forward contracts - assets (2)$2.2 $— $2.2 $— 
Auction Rate Security (3)$2.7 $— $— $2.7 
Interest rate swap derivative - liability (4)$(2.0)$— $(2.0)$— 
Foreign exchange forward contracts - liabilities (4)$(0.4)$— $(0.4)$— 
Put option liability (5)$(5.6)$— $— $(5.6)
Amounts in parentheses indicate liabilities.

The index below indicates the line items in the Condensed Consolidated Balance Sheets where the financial instruments are reported:

(1) "Cash and cash equivalents"
(2) "Prepaid expenses and other current assets"
(3) Current portion - "Short-term investments"; Long-term portion - "Other Assets"
(4) Current portion - "Accounts payable and accrued expenses"; Long-term portion - "Other Long-Term Liabilities"
(5) "Other Long-Term Liabilities"