FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Jan. 02, 2021

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 Value		Level 1		Level 2		Level 3
January 2, 2021
Money market fund	$	10.3	$	10.3	$	—	$	—
Derivative assets	$	14.0	$	—	$	14.0	$	—
Derivative liabilities	$	191.0	$	—	$	191.0	$	—
Contingent consideration liability	$	187.0	$	—	$	—	$	187.0
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 Company's Financial Instruments Carrying and Fair Values

The following table provides information about the Company's financial assets and liabilities not carried at fair value:

	January 2, 2021				December 28, 2019
(Millions of Dollars)	Carrying Value		Fair Value		Carrying Value		Fair Value
Other investments	$	13.3	$	13.9	$	14.4	$	14.8
Long-term debt, including current portion	$	4,245.4	$	4,934.5	$	3,179.5	$	3,601.0