The fair values of the Company’s derivative financial instruments are presented below. All fair values for these derivatives were measured using Level 2 information as defined by the accounting standard hierarchy (in millions):


Asset (Liability) Derivative Positions	Balance sheet location	December 31, 2023		January 1, 2023
Derivatives designated as hedging instruments:
Cash flow forward contracts	Other current assets	$	3.7	$	0.4
Cash flow forward contracts	Other non-current assets	2.4		$	—
Cash flow forward contracts	Accrued liabilities	—		(6.8)
Interest rate contracts	Other current assets	—		0.7


Cash flow cross currency swaps	Other current assets	0.1		2.7
Cash flow cross currency swaps	Accrued liabilities	(21.3)		(14.0)
Cash flow cross currency swaps	Other long-term liabilities	—		(18.3)


Total derivatives designated as hedging instruments		(15.1)		(35.3)
Derivatives not designated as hedging instruments:
Non-designated foreign currency forward contracts	Other current assets	14.2		3.5
Non-designated foreign currency forward contracts	Accrued liabilities	(3.2)		(7.0)
Total derivatives not designated as hedging instruments		11.0		(3.5)
Total asset (liability) derivatives		$	(4.1)	$	(38.8)