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Hedging Transactions And Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 28, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative instruments, gain (loss)
The following table summarizes the notional values as of June 28, 2024 and June 30, 2023 and pretax impact of changes in the fair values of instruments designated as net investment hedges in accumulated other comprehensive loss (“OCI”) for the three and six months ended June 28, 2024 and June 30, 2023 ($ in millions):
Three Months Ended
June 28, 2024		Three Months Ended
June 30, 2023
Notional AmountGain Recognized in OCINotional AmountLoss Recognized in OCI
Foreign currency denominated debt$375.0 $2.8 $227.0 $(1.5)
Foreign currency contract150.0 1.0 150.0 (1.7)
Total$525.0 $3.8 $377.0 $(3.2)
Six Months Ended
June 28, 2024		Six Months Ended
June 30, 2023
Notional AmountGain Recognized in OCINotional AmountLoss Recognized in OCI
Foreign currency denominated debt$375.0 11.4$227.0 $(4.3)
Foreign currency contract150.0 4.3150.0 (1.7)
Total$525.0 $15.7 $377.0 $(6.0)
Schedule of notional amounts of outstanding derivative positions
The following table summarizes the notional values as of June 28, 2024 and June 30, 2023 and pretax impact of changes in the fair values of instruments designated as net investment hedges in accumulated other comprehensive loss (“OCI”) for the three and six months ended June 28, 2024 and June 30, 2023 ($ in millions):
Three Months Ended
June 28, 2024		Three Months Ended
June 30, 2023
Notional AmountGain Recognized in OCINotional AmountLoss Recognized in OCI
Foreign currency denominated debt$375.0 $2.8 $227.0 $(1.5)
Foreign currency contract150.0 1.0 150.0 (1.7)
Total$525.0 $3.8 $377.0 $(3.2)
Six Months Ended
June 28, 2024		Six Months Ended
June 30, 2023
Notional AmountGain Recognized in OCINotional AmountLoss Recognized in OCI
Foreign currency denominated debt$375.0 11.4$227.0 $(4.3)
Foreign currency contract150.0 4.3150.0 (1.7)
Total$525.0 $15.7 $377.0 $(6.0)
Schedule of derivative instruments in statement of financial position, fair value
The Company’s derivative instrument, as well as its non-derivative debt instrument designated and qualifying as net investment hedges, were classified in the Company’s Condensed Consolidated Balance Sheets as follows ($ in millions):
June 28, 2024December 31, 2023
Derivative assets:
Prepaid expenses and other current assets$1.0 $— 
Derivative liabilities:
Other long-term liabilities$— $3.3 
Nonderivative hedging instruments:
Long-term debt$375.0 $386.4