The estimated fair value of financial instruments at June 28, 2026 was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements at Reporting Date Using | | (In millions) | Total
Carrying
Amount | | Total
Estimated
Fair Value | | Quoted Prices in
Active Markets for
Identical Assets (Level 1) | | Significant
Observable
Inputs
(Level 2) | | Cash and cash equivalents | $ | 783.0 | | | $ | 783.0 | | | $ | 783.0 | | | $ | — | | | Derivative financial instruments: | | | | | | | | | Assets | 1.0 | | | 1.0 | | | — | | | 1.0 | | | Liabilities | 5.2 | | | 5.2 | | | — | | | 5.2 | | | Debt (a) | 2,209.1 | | | 1,767.6 | | | 1,458.5 | | | 309.1 | |
The estimated fair value of financial instruments at December 28, 2025 was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements at Reporting Date Using | | (In millions) | Total
Carrying
Amount | | Total
Estimated
Fair Value | | Quoted Prices in
Active Markets for
Identical Assets
(Level 1) | | Significant
Observable
Inputs
(Level 2) | | Cash and cash equivalents | $ | 416.7 | | | $ | 416.7 | | | $ | 416.7 | | | $ | — | | | Derivative financial instruments: | | | | | | | | | Assets | 1.8 | | | 1.8 | | | — | | | 1.8 | | | Liabilities | 1.8 | | | 1.8 | | | — | | | 1.8 | | Debt(a) | 1,761.0 | | | 1,787.9 | | | 1,476.9 | | | 311.0 | |
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