The following table presents fair values of certain assets and liabilities at September 26, 2021 and December 31, 2020:


	September 26, 2021						December 31, 2020
(in millions)	Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
Cash equivalents(1)	$	41.0	$	—	$	—	$	—	$	—	$	—
7.50% senior notes due 2027(2)	—		326.3		—		—		329.0		—
4.75% senior notes due 2029(2)	—		359.7		—		—		—		—
Convertible note(2)	—		193.0		—		—		180.0		—
Term loan due 2026(3)	—		148.1		—		—		92.5		—
Revolver due 2026(3)	—		135.5		—		—		275.0		—
Interest rate swaps(4)	—		2.5		—		—		6.6		—
Contingent consideration(5)	—		—		9.8		—		—		6.9

(1) The carrying amounts of cash equivalents, representing government and other money market funds traded in an active market with relatively short maturities, are reported on the condensed consolidated balance sheet as of September 26, 2021 as a component of "Cash and cash equivalents". The Company held no cash equivalents as of December 31, 2020.

(2) The amounts of these notes listed above are the current fair values for disclosure purposes only, valued using Level 2 inputs, and they are recorded in the Company's condensed consolidated balance sheets as of September 26, 2021 and December 31, 2020 using the interest rate method as described in Note 9.

(3) The carrying amounts of our term loan and revolver, valued using Level 2 inputs, approximate fair value as of September 26, 2021 and December 31, 2020 based upon their terms and conditions in comparison to the terms and conditions available at those dates.

(4) The interest rate swaps are classified as Level 2 in the fair value hierarchy and discussed further in Note 10.

(5) The estimated fair value of the Company's contingent consideration is valued using Level 3 inputs and is discussed further in Note 6.