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Fair Value Measurements (Tables)
 3 Months Ended
Mar. 30, 2024
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring and Nonrecurring Basis
The table below summarizes the valuation of our financial instruments carried at fair value by the applicable pricing categories (in millions):
March 30, 2024December 31, 2023
Measured at fair value on a recurring basis:Level 1Level 2Level 3Level 1Level 2Level 3
Assets:
Investment securities$— $— $— $0.1 $— $— 
Foreign currency forward contracts— 1.9 — — 0.6 — 
Interest rate swap agreements— 49.2 — — 30.5 — 
Total assets$— $51.1 $— $0.1 $31.1 $— 
Liabilities:
Cross-currency swap$— $130.5 $— $— $172.0 $— 
Foreign currency forward contracts— 2.6 — — 2.7 — 
Interest rate swap agreements— 4.7 — — 11.7 — 
Total liabilities$— $137.8 $— $— $186.4 $— 
Measured at fair value on a non-recurring basis:
Assets:
Goodwill(1)
$— $— $— $— $— $118.9 
Total assets$— $— $— $— $— $118.9 
(1) During the year ended December 31, 2023, goodwill within our Rare Diseases reporting unit with a carrying value of $208.9 million was written down to a fair value of $118.9 million.
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments
Our fixed rate long-term debt consisted of the following (in millions):
March 30, 2024December 31, 2023
Public BondsLevel 1Level 1
Carrying value (excluding discount)$2,244.4 $2,244.4 
Fair value$2,083.8 $2,062.2