XML 51 R39.htm IDEA: XBRL DOCUMENT v3.20.2
FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 27, 2020
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis The following table presents the Company’s financial assets and liabilities that are measured at fair value on a recurring basis for each of the hierarchy levels:
(Millions of Dollars)Total Carrying ValueLevel 1Level 2Level 3
June 27, 2020
Money market fund$2.5  $2.5  $—  $—  
Derivative assets$21.0  $—  $21.0  $—  
Derivative liabilities$126.8  $—  $126.8  $—  
Non-derivative hedging instrument$299.7  $—  $299.7  $—  
Contingent consideration liabilities$331.3  $—  $—  $331.3  
December 28, 2019
Money market fund$1.2  $1.2  $—  $—  
Derivative assets$29.3  $—  $29.3  $—  
Derivative liabilities$65.5  $—  $65.5  $—  
Non-derivative hedging instrument$335.5  $—  $335.5  $—  
Contingent consideration liability$196.1  $—  $—  $196.1  
Summary of Financial Instruments Carrying and Fair Values
The following table provides information about the Company's financial assets and liabilities not carried at fair value:
 June 27, 2020December 28, 2019
(Millions of Dollars)Carrying
Value		Fair
Value		Carrying
Value		Fair
Value
Other investments$13.3  $13.8  $14.4  $14.8  
Long-term debt, including current portion$4,661.8  $5,329.5  $3,179.5  $3,601.0