In the tables below, the Company has segregated all assets and liabilities that are measured at fair value on a recurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value at July 3, 2026 | | | (In millions) | Quoted Prices in Active Markets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Significant Unobservable Inputs (Level 3) | | Total | | | Assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Derivative assets | $ | — | | | $ | 2.6 | | | $ | — | | | $ | 2.6 | | | | Deferred compensation plan(1) | 8.3 | | | — | | | — | | | 8.3 | | | | Marketable equity securities | 1.4 | | | — | | | — | | | 1.4 | | | | Total assets measured at fair value | $ | 9.7 | | | $ | 2.6 | | | $ | — | | | $ | 12.3 | | | | | | | | | | | | | | Liabilities: | | | | | | | | | | Derivative liabilities | $ | — | | | $ | 9.3 | | | $ | — | | | $ | 9.3 | | | | | | | | | | | | | | | | | | | | | | | | Total liabilities measured at fair value | $ | — | | | $ | 9.3 | | | $ | — | | | $ | 9.3 | |
(1) The assets held under the Company’s deferred compensation plan are classified in Level 1, as they relate primarily to publicly traded mutual funds for which there are observable market prices in active markets. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value at October 3, 2025 | | | (In millions) | Quoted Prices in Active Markets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Significant Unobservable Inputs (Level 3) | | Total | | | Assets: | | | | | | | | | | | | | | | | | | | | Commercial paper | $ | — | | | $ | 2.0 | | | $ | — | | | $ | 2.0 | | | | Corporate notes/bonds | — | | | 4.0 | | | — | | | 4.0 | | | | Government agencies | — | | | 2.0 | | | — | | | 2.0 | | | | U.S. treasury bills | — | | | 15.8 | | | — | | | 15.8 | | | | | | | | | | | | | | | | | | | | | | | | Deferred compensation plan(1) | 8.4 | | | — | | | — | | | 8.4 | | | | Marketable equity securities | 3.6 | | | — | | | — | | | 3.6 | | | | Total assets measured at fair value | $ | 12.0 | | | $ | 23.8 | | | $ | — | | | $ | 35.8 | | | | | | | | | | | | | | Liabilities: | | | | | | | | | | Derivative liabilities | $ | — | | | $ | 10.4 | | | $ | — | | | $ | 10.4 | | | | | | | | | | | | | | Total liabilities measured at fair value | $ | — | | | $ | 10.4 | | | $ | — | | | $ | 10.4 | |
(1) The assets held under the Company’s deferred compensation plan are classified in Level 1, as they relate primarily to publicly traded mutual funds for which there are observable market prices in active markets.
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