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LONG-TERM DEBT AND FINANCING ARRANGEMENTS (Tables)
 12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Long-Term Debt and Financing Arrangements
Long-term debt and financing arrangements at December 31, 2016 and January 2, 2016 follow:
 
 
December 31, 2016
 
January 2, 2016
(Millions of Dollars)
Interest Rate
Original Notional
Unamortized Discount
Unamortized Gain/(Loss) Terminated Swaps (1)
Purchase Accounting FV Adjustment
Deferred Financing Fees
Carrying Value
 
Carrying Value
Notes payable due 2018(2)
2.45%
$
632.5

$
—

$
—

$
—

$
(3.3
)
$
629.2

 
$
627.5

Notes payable due 2018
(2) 
345.0

—

—

—

(1.9
)
343.1

 
343.8

Notes payable 2021
3.40%
400.0

(0.2
)
17.1

—

(1.7
)
415.2

 
405.9

Notes payable due 2022
2.90%
754.3

(0.3
)
—

—

(3.7
)
750.3

 
749.6

Notes payable due 2028
7.05%
150.0

—

12.5

12.2

—

174.7

 
167.0

Notes payable due 2040
5.20%
400.0

(0.2
)
(34.9
)
—

(3.2
)
361.7

 
360.1

Notes payable due 2052 (junior subordinated)
5.75%
750.0

—

—

—

(19.6
)
730.4

 
729.9

Notes payable due 2053 (junior subordinated)
5.75%
400.0

—

4.8

—

(8.3
)
396.5

 
394.2

Other, payable in varying amounts through 2022
0.00% - 2.27%
22.0

—

—

—

—

22.0

 
19.2

Total long-term debt, including current maturities
 
$
3,853.8

$
(0.7
)
$
(0.5
)
$
12.2

$
(41.7
)
$
3,823.1

 
$
3,797.2

Less: Current maturities of long-term debt
 
 
 
 
 
 
(7.8
)
 
(5.1
)
Long-term debt
 
 
 
 
 
 
$
3,815.3

 
$
3,792.1