XML 33 R23.htm IDEA: XBRL DOCUMENT v3.4.0.3
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Apr. 03, 2016
Mar. 29, 2015
Fair Value Disclosures [Abstract]    
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]  
The following tables set forth, by level within the fair value hierarchy, our financial assets and liabilities, including assets held in a rabbi trust used to fund our non-qualified defined benefit plan, that were measured at fair value on a recurring basis as of April 3, 2016 and January 3, 2016:

 
 
April 3, 2016
 
January 3, 2016
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(in millions)
 
(in millions)
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commodity contracts
 
$
16.6

 
$
1.4

 
$

 
$
18.0

 
$
10.8

 
$

 
$

 
$
10.8

Insurance contracts
 

 
68.9

 

 
68.9

 

 
70.0

 

 
70.0

Total
 
$
16.6

 
$
70.3

 
$

 
$
86.9

 
$
10.8

 
$
70.0

 
$

 
$
80.8

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commodity contracts
 
17.0

 
10.5

 

 
27.5

 
18.6

 
17.1

 

 
35.7

Interest rate swaps
 

 
0.2

 

 
0.2

 

 
0.2

 

 
0.2

Foreign exchange contracts
 

 
0.6

 

 
0.6

 

 
1.1

 

 
1.1

Total
 
$
17.0

 
$
11.3

 
$

 
$
28.3

 
$
18.6

 
$
18.4

 
$

 
$
37.0

 
Fair Value and Carrying Value of Debt [Table Text Block]
The following table presents the fair value and carrying value of long-term debt, including the current portion of long-term debt as of April 3, 2016 and January 3, 2016.
 
 
April 3, 2016
 
January 3, 2016
 
 
Fair
Value
 
Carrying Value
 
Fair
Value
 
Carrying Value
 
 
(in millions)
Long-term debt, including current portion
 
$
2,390.2

 
$
2,301.3

 
$
2,336.8

 
$
2,263.7