Financial Instruments (Tables)

3 Months Ended

Mar. 30, 2014

Financial Instruments (Thousands of Dollars) [Abstract]

Schedule of Long-term Debt Instruments

The Company's financial instruments include cash and cash equivalents, accounts receivable, short-term borrowings, accounts payable and certain accrued liabilities. At March 30, 2014, March 31, 2013 and December 29, 2013, the carrying cost of these instruments approximated their fair value. The Company's financial instruments at March 30, 2014, March 31, 2013 and December 29, 2013 also include certain assets and liabilities measured at fair value (see Notes 6 and 8) as well as long-term borrowings. The carrying costs and fair values of the Company's long-term borrowings as of March 30, 2014, March 31, 2013 and December 29, 2013 are as follows:

	March 30, 2014				March 31, 2013				December 29, 2013
	Carrying Cost		Fair Value		Carrying Cost		Fair Value		Carrying Cost		Fair Value
6.35% Notes Due 2040	$	500,000		567,700		500,000		584,750		500,000		532,750
6.125% Notes Due 2014		426,356		427,678		434,492		449,395		428,390		435,838
6.30% Notes Due 2017		350,000		399,785		350,000		407,085		350,000		400,050
6.60% Debentures Due 2028		109,895		120,643		109,895		126,588		109,895		118,566
Total long-term debt		1,386,251		1,515,806		1,394,387		1,567,818		1,388,285		1,487,204
Less: Current portion		426,356		427,678		-		-		428,390		435,838
Long-term debt excluding current portion	$	959,895		1,088,128		1,394,387		1,567,818		959,895		1,051,366