Fair Value of Financial Instruments (Tables)

9 Months Ended

Oct. 01, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value Hierarchy

At October 1, 2023, September 25, 2022 and December 25, 2022, the Company had the following assets and liabilities measured at fair value in its consolidated balance sheets (excluding assets for which the fair value is measured using net asset value per share):

	Fair Value Measurements Using:
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Significant Unobservable Inputs (Level 3)
October 1, 2023
Assets:
Available-for-sale securities (1)	$	1.2	1.2	—	—
Derivatives (2)	8.3		—	8.3	—
Total assets	$	9.5	1.2	8.3	—
Liabilities:
Derivatives (2)	$	2.1	—	2.1	—
Option agreement	1.7		—	—	1.7
Total liabilities	$	3.8	—	2.1	1.7
September 25, 2022
Assets:
Available-for-sale securities	$	—	—	—	—
Derivatives	38.8		—	38.8	—
Total assets	$	38.8	—	38.8	—
Liabilities:
Derivatives	$	0.4	—	0.4	—
Option agreement	1.7		—	—	1.7
Total liabilities	$	2.1	—	0.4	1.7
December 25, 2022
Assets:
Available-for-sale securities	$	1.7	1.7	—	—
Derivatives	7.9		—	7.9	—
Total assets	$	9.6	1.7	7.9	—
Liabilities:
Derivatives	$	2.9	—	2.9	—
Option agreement	1.7		—	—	1.7
Total Liabilities	$	4.6	—	2.9	1.7

(1) Available-for-sale securities include equity securities of one company quoted on an active public market.

(2) These balances include certain amounts attributable to the non-core eOne Film and TV business that were reclassified to Assets held for sale and Liabilities held for sale at October 1, 2023. See note 15 for additional information.

Schedule of Reconciliation of Level 3 Fair Value

The following is a reconciliation of the beginning and ending balances of the fair value measurements of the Company's financial instruments which use significant unobservable inputs (Level 3):

	2023		2022
Balance at beginning of year	$	(1.7)	$	(1.7)
Balance at end of third quarter	$	(1.7)	$	(1.7)