Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements

v3.22.2
Fair Value Measurements
6 Months Ended
Jul. 02, 2022
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The following table summarizes the Company's financial assets and liabilities measured at fair value on a recurring basis:
(in millions) Fair Value
Category Fair Value Level July 2, 2022 December 31, 2021 July 3, 2021
Cash equivalents 1 $ 39.2  $ 0.4  $ 0.2 
Short-term investments in marketable securities 1 37.0  0.8  0.8 
Restricted cash 1 11.9  12.2  9.7 
Derivatives assets 2 40.5  25.1  15.6 
Derivative liabilities 2 4.4  2.9  5.7 
Deferred compensation 1 1.4  1.4  1.4 
Deferred compensation 2 14.2  17.7  16.8 
Liabilities measured at net asset value 10.4  10.2  9.3 

In addition to the items shown in the table above, refer to Note 17 in the Notes to Consolidated Financial Statements in the 2021 Form 10-K for further information regarding the fair value measurements associated with the Company's postretirement benefit plans.