FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jul. 03, 2016

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 July 3, 2016 and January 3, 2016:

	July 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	$	—	$	8.9	$	—	$	8.9	$	10.8	$	—	$	—	$	10.8
Insurance contracts	—		70.6		—		70.6		—		70.0		—		70.0
Total	$	—	$	79.5	$	—	$	79.5	$	10.8	$	70.0	$	—	$	80.8
Liabilities
Derivatives:
Commodity contracts	0.7		0.2		—		0.9		18.6		17.1		—		35.7
Interest rate swaps	—		0.1		—		0.1		—		0.2		—		0.2
Foreign exchange contracts	—		—		—		—		—		1.1		—		1.1
Total	$	0.7	$	0.3	$	—	$	1.0	$	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 July 3, 2016 and January 3, 2016.

	July 3, 2016				January 3, 2016
	Fair Value		Carrying Value		Fair Value		Carrying Value
	(in millions)
Long-term debt, including current portion	$	2,379.4	$	2,299.5	$	2,336.8	$	2,263.7