Financial Instruments and Risk Management (Tables)

6 Months Ended

Jul. 03, 2021

Investments, All Other Investments [Abstract]

Schedule of Derivative Instruments [Table Text Block]

The notional amounts of the Company’s derivative instruments are as follows:

(Dollars in millions)	July 3, 2021		January 2, 2021		June 27, 2020
Foreign exchange hedge contracts	$	293.9	$	250.7	$	161.1
Interest rate swap	—		—		314.6
Cross currency swap	79.8		79.8		79.8

Schedule of Derivative Assets at Fair Value [Table Text Block]

The recorded fair values of the Company’s derivative instruments are as follows:

(In millions)	July 3, 2021		January 2, 2021		June 27, 2020
Financial assets:
Foreign exchange hedge contracts	$	1.6	$	—	$	4.1
Financial liabilities:
Foreign exchange hedge contracts	$	(4.1)	$	(8.8)	$	(0.1)
Interest rate swap	—		—		(9.8)
Cross currency swap	(8.6)		(10.8)		(1.9)