Fair Value Measurements (Tables)

6 Months Ended

Jun. 28, 2019

Fair Value Disclosures [Abstract]

Financial Assets And Liabilities Carried At Fair Value

A summary of financial assets and liabilities that are measured at fair value on a recurring basis were as follows ($ in millions):

	Quoted Prices in Active Market (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
June 28, 2019:
Assets:
Available-for-sale debt securities	$	—	$	36.4	$	—	$	36.4
Investment in equity securities	—		—		241.2		241.2
Cross-currency swap derivative contracts	—		0.3		—		0.3
Liabilities:
Cross-currency swap derivative contracts	—		5.0		—		5.0
Interest rate swap derivative contracts	—		8.9		—		8.9
Deferred compensation plans	—		69.3		—		69.3
December 31, 2018:
Assets:
Available-for-sale debt securities	$	—	$	38.3	$	—	$	38.3
Investment in equity securities	—		—		148.9		148.9
Liabilities:
Deferred compensation plans	—		60.9		—		60.9

Carrying Amounts And Fair Values Of Financial Instruments

The carrying amounts and fair values of the Company’s financial instruments were as follows ($ in millions):

	June 28, 2019				December 31, 2018
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Available-for-sale debt securities	$	36.4	$	36.4	$	38.3	$	38.3
Investment in equity securities	241.2		241.2		148.9		148.9
Cross-currency swap derivative contracts	0.3		0.3		—		—
Liabilities:
Cross-currency swap derivative contracts	5.0		5.0		—		—
Interest rate swap derivative contracts	8.9		8.9		—		—
Notes payable and current portion of long-term debt	153.7		153.7		51.8		51.8
Long-term debt	10,144.4		10,580.3		9,688.5		9,990.6