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Derivative Instruments and Hedging Activities (Tables)
 9 Months Ended
Oct. 01, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Effect of Derivative Instruments Designated as Cash Flow Hedges The effect of derivative instruments designated as cash flow hedges in the condensed consolidated financial statements for the third quarter and nine months ended October 1, 2023 and October 2, 2022 was as follows (in millions):
 Third QuarterNine Months
 2023202220232022
Net gain (loss) recognized in AOCI - Foreign Exchange Contracts (a)$4.0 $10.2 $20.7 $36.0 
Net gain (loss) reclassified from AOCI into revenue - Foreign Exchange Contracts (a)$(1.1)$(1.0)$(4.8)$(1.4)
Net gain (loss) recognized in AOCI - Interest Rate Contracts$— $0.3 — $2.3 
Net gain (loss) reclassified from AOCI into other income and expense, net - Foreign Exchange Contracts (b)$4.2 $17.8 $15.0 $38.9 
Net gain (loss) reclassified from AOCI into interest expense - Foreign Exchange Contracts$1.9 $1.6 $5.6 $3.5 
Net gain (loss) reclassified from AOCI into interest expense - Interest Rate Contracts $— $0.3 $0.6 $(0.3)
(a)    Effective portion, pre-tax
(b)     Amount reclassified to offset earnings impact of liability hedged by cross currency swap
Schedule of Notional Amounts of Outstanding Foreign Currency Contracts As of October 1, 2023, the Company had foreign currency forward contracts not designated as accounting hedges primarily in the following types and pairs (in millions):
Contracts to BuyContracts to Sell
CurrencyAmountCurrencyAmount
Canadian Dollars$214.1 U.S. DollarsUS$158.8 
Danish KroneDKR89.2 U.S. DollarsUS$13.0 
Euros€80.7 U.S. DollarsUS$87.5 
Great Britain Pounds£10.6 Euros€12.3 
Great Britain Pounds£57.0 U.S. DollarsUS$71.9 
Swedish KronaSEK207.5 Euros€17.5 
Swedish KronaSEK150.8 U.S. DollarsUS$13.8 
U.S. DollarsUS$6.7 Chinese Yuan¥49.0 
Schedule of Fair Values of Derivative Financial Instruments The fair values of the Company’s derivative instruments are presented below. All fair values for these derivative instruments were measured using Level 2 inputs in the fair value hierarchy (in millions):
Asset/(Liability) Derivative InstrumentsBalance sheet locationOctober 1, 2023January 1, 2023
Derivatives designated as hedging instruments:
Cash flow forward contractsOther current assets$1.5 $0.4 
Cash flow forward contractsAccrued liabilities(1.2)(6.8)
Interest rate contractsOther current assets— 0.7 
Cash flow cross currency swapOther current assets3.4 2.7 
Cash flow cross currency swapAccrued liabilities— (14.0)
Cash flow cross currency swapOther long-term liabilities(16.7)(18.3)
Total derivatives designated as hedging instruments(13.0)(35.3)
Derivatives not designated as hedging instruments:
Non-designated forward contractsOther current assets5.8 3.5 
Non-designated forward contractsAccrued liabilities(10.3)(7.0)
Total derivatives not designated as hedging instruments(4.5)(3.5)
Total derivative instruments, net$(17.5)$(38.8)