Financial Instruments and Risk Management (Tables)

12 Months Ended

Dec. 31, 2022

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)	December 31, 2022		January 1, 2022
Foreign exchange hedge contracts	$	334.2	$	296.7
Interest rate swap	176.2		311.3

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)	December 31, 2022		January 1, 2022
Financial assets:
Foreign exchange hedge contracts	$	7.5	$	5.9
Interest rate swap	6.1		—
Financial liabilities:
Foreign exchange hedge contracts	$	(1.3)	$	(1.0)
Interest rate swap	—		(0.1)