Investments (Tables)

6 Months Ended

Jul. 01, 2023

Investments [Abstract]

Equity Securities

The following table summarizes the measurement category, balance sheet location, and balances of our equity securities (in millions):

Measurement Category	Balance Sheet Location	July 1, 2023		December 31, 2022
Fair value method	Prepaid expenses and other current assets	$	—	$	0.1
Fair value method(1)	Other non-current assets	$	1.7	$	1.7
Equity method	Other non-current assets	$	62.2	$	63.4

(1) Measured at fair value using the Net Asset Value practical expedient.

Equity Security Expense (Income)

The following table summarizes the expense recognized in earnings of our equity securities (in millions):

		Three Months Ended				Six Months Ended
Measurement Category	Income Statement Location	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022
Fair value method	Other operating (income) expense, net	$	—	$	—	$	0.1	$	0.2
Equity method	Other operating (income) expense, net	$	0.5	$	0.6	$	1.2	$	1.3