Financial Instruments (Tables)

6 Months Ended

Jun. 29, 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 June 29, 2014, June 30, 2013 and December 29, 2013, the carrying cost of these instruments approximated their fair value. The Company's financial instruments at June 29, 2014, June 30, 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 June 29, 2014, June 30, 2013 and December 29, 2013 are as follows:

	June 29, 2014				June 30, 2013				December 29, 2013
	Carrying Cost		Fair Value		Carrying Cost		Fair Value		Carrying Cost		Fair Value
3.15% Notes Due 2021	$	300,000		300,330		-		-		-		-
5.10% Notes Due 2044		300,000		307,950		-		-		-		-
6.35% Notes Due 2040		500,000		587,350		500,000		548,600		500,000		532,750
6.125% Notes Due 2014		-		-		432,458		443,445		428,390		435,838
6.30% Notes Due 2017		350,000		396,725		350,000		401,520		350,000		400,050
6.60% Debentures Due 2028		109,895		124,687		109,895		124,049		109,895		118,566
Total long-term debt		1,559,895		1,717,042		1,392,353		1,517,614		1,388,285		1,487,204
Less: Current portion		-		-		432,458		443,445		428,390		435,838
Long-term debt excluding current portion	$	1,559,895		1,717,042		959,895		1,074,169		959,895		1,051,366