Financial Instruments (Tables)

9 Months Ended

Sep. 28, 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 September 28, 2014, September 29, 2013 and December 29, 2013, the carrying cost of these instruments approximated their fair value. The Company's financial instruments at September 28, 2014, September 29, 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 September 28, 2014, September 29, 2013 and December 29, 2013 are as follows:

	September 28, 2014				September 29, 2013				December 29, 2013
	Carrying Cost		Fair Value		Carrying Cost		Fair Value		Carrying Cost		Fair Value
6.35% Notes Due 2040	$	500,000		602,050		500,000		535,000		500,000		532,750
6.30% Notes Due 2017		350,000		392,595		350,000		402,500		350,000		400,050
5.10% Notes Due 2044		300,000		310,500		-		-		-		-
3.15% Notes Due 2021		300,000		302,130		-		-		-		-
6.60% Debentures Due 2028		109,895		125,764		109,895		121,983		109,895		118,566
6.125% Notes Due 2014		-		-		430,424		437,750		428,390		435,838
Total long-term debt		1,559,895		1,733,039		1,390,319		1,497,233		1,388,285		1,487,204
Less: Current portion		-		-		430,424		437,750		428,390		435,838
Long-term debt excluding current portion	$	1,559,895		1,733,039		959,895		1,059,483		959,895		1,051,366