Revenue Recognition (Tables)

9 Months Ended

Oct. 01, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Contract Assets and Liabilities

The changes in carrying amounts of contract assets and liabilities for the nine months ended October 1, 2023 are as follows:

	October 1, 2023
Assets
Balance at beginning of the year	$	594.4
Recognized in current year	389.4
Amounts reclassified to accounts receivable	(427.4)
Reclassified to assets held for sale (1)	(384.6)
Foreign currency impact	(5.3)
Ending Balance	$	166.5
Liabilities
Balance at beginning of the year	$	113.0
Recognized in current year	254.5
Amounts in beginning balance reclassified to revenue	(68.3)
Current year amounts reclassified to revenue	(156.6)
Reclassified to liabilities held for sale (1)	(27.5)
Foreign currency impact	(2.1)
Ending Balance	$	113.0

(1) See note 15 for additional information on assets and liabilities held for sale.