Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.19.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 30, 2019
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 March 30, 2019:
(in millions)
Level 1
 
Level 2
 
Total
Assets:
 
 
 
 
 
Cash equivalents
$
0.2

 
$

 
$
0.2

Short-term investments in marketable securities
0.8

 

 
0.8

Restricted cash
9.1

 

 
9.1

Derivatives

 
9.1

 
9.1

Total assets
$
10.1

 
$
9.1

 
$
19.2

 
 
 
 
 
 
Liabilities:
 

 
 

 
 

Derivatives
$

 
$
1.8

 
$
1.8

Deferred compensation
3.8

 
24.6

 
28.4

Total liabilities at fair value
$
3.8

 
$
26.4

 
$
30.2

Liabilities measured at net asset value
 
 
 
 
10.2

Total liabilities
 
 
 
 
$
40.4


The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2018:
(in millions)
Level 1
 
Level 2
 
Total
Assets:
 
 
 
 
 
Short-term investments in marketable securities
$
0.8

 
$

 
$
0.8

Restricted cash
9.0

 

 
9.0

Derivatives

 
9.1

 
9.1

Total assets
$
9.8

 
$
9.1

 
$
18.9

 
 
 
 
 
 
Liabilities:
 

 
 

 
 

Derivatives
$

 
$
3.1

 
$
3.1

Deferred compensation
3.5

 
22.9

 
26.4

Total liabilities at fair value
$
3.5

 
$
26.0

 
$
29.5

Liabilities measured at net asset value
 
 
 
 
10.2

Total liabilities
 
 
 
 
$
39.7



The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2018:
(in millions)
Level 1
 
Level 2
 
Total
Assets:
 
 
 
 
 
Short-term investments in marketable securities
$
0.8

 
$

 
$
0.8

Restricted cash
9.4

 

 
9.4

Derivatives

 
6.1

 
6.1

Total assets
$
10.2

 
$
6.1

 
$
16.3

 
 
 
 
 
 
Liabilities:
 

 
 

 
 

Derivatives
$

 
$
11.7

 
$
11.7

Deferred compensation
3.6

 
27.8

 
31.4

Total liabilities at fair value
$
3.6

 
$
39.5

 
$
43.1

Liabilities measured at net asset value
 
 
 
 
8.8

Total liabilities
 
 
 
 
$
51.9