Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.7.0.1
Fair Value Measurements (Tables)
6 Months Ended
Jul. 01, 2017
Fair Value Disclosures [Abstract]  
Summary of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of July 1, 2017:
(in millions)
Level 1
 
Level 2
 
Total
Assets:
 
 
 
 
 
Cash equivalents
$
1.4

 
$

 
$
1.4

Short-term investments in marketable securities
0.8

 

 
0.8

Restricted cash
10.7

 

 
10.7

Derivatives

 
7.7

 
7.7

Total assets
$
12.9

 
$
7.7

 
$
20.6

 
 
 
 
 
 
Liabilities:
 

 
 

 
 

Derivatives
$

 
$
5.2

 
$
5.2

Deferred compensation
4.6

 
29.9

 
34.5

Total liabilities at fair value
$
4.6

 
$
35.1

 
$
39.7

Liabilities measured at net asset value
 
 
 
 
11.3

Total liabilities
 
 
 
 
$
51.0


The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2016:
(in millions)
Level 1
 
Level 2
 
Total
Assets:
 
 
 
 
 
Cash equivalents
$
4.6

 
$
14.3

 
$
18.9

Short-term investments in marketable securities
0.8

 
35.0

 
35.8

Restricted cash
11.2

 

 
11.2

Derivatives

 
11.2

 
11.2

Total assets
$
16.6

 
$
60.5

 
$
77.1

 
 
 
 
 
 
Liabilities:
 

 
 

 
 

Derivatives
$

 
$
4.8

 
$
4.8

Deferred compensation
4.2

 
28.1

 
32.3

Total liabilities at fair value
$
4.2

 
$
32.9

 
$
37.1

Liabilities measured at net asset value
 
 
 
 
11.6

Total liabilities
 
 
 
 
$
48.7



The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of July 2, 2016:
(in millions)
Level 1
 
Level 2
 
Total
Assets:
 
 
 
 
 
Cash equivalents
$
101.0

 
$

 
$
101.0

Short-term investments in marketable securities
0.5

 

 
0.5

Restricted cash
12.7

 

 
12.7

Derivatives

 
16.1

 
16.1

Total assets
$
114.2

 
$
16.1

 
$
130.3

 
 
 
 
 
 
Liabilities:
 

 
 

 
 

Derivatives
$

 
$
7.5

 
$
7.5

Deferred compensation
3.7

 
36.8

 
40.5

Total liabilities at fair value
$
3.7

 
$
44.3

 
$
48.0

Liabilities measured at net asset value
 
 
 
 
12.3

Total liabilities
 
 
 
 
$
60.3