XML 56 R35.htm IDEA: XBRL DOCUMENT v3.23.1
FAIR VALUE MEASUREMENTS (Tables)
 3 Months Ended
Apr. 01, 2023
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 1Level 2Level 3
April 1, 2023
Money market fund$12.0 $12.0 $— $— 
Deferred compensation plan investments$18.4 $18.4 $— $— 
Derivative assets$14.4 $— $14.4 $— 
Derivative liabilities$14.4 $— $14.4 $— 
Non-derivative hedging instrument$739.8 $— $739.8 $— 
Contingent consideration liability$267.6 $— $— $267.6 
December 31, 2022
Money market fund$9.4 $9.4 $— $— 
Equity security$3.2 $3.2 $— $— 
Deferred compensation plan investments$19.0 $19.0 $— $— 
Derivative assets$12.2 $— 12.2 $— 
Derivative liabilities$16.1 $— $16.1 $— 
Contingent consideration liability$268.7 $— $— $268.7 
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:
 April 1, 2023December 31, 2022
(Millions of Dollars)Carrying
Value		Fair
Value		Carrying
Value		Fair
Value
Other investments$6.0 $5.8 $9.3 $9.3 
Long-term debt, including current portion$6,102.3 $5,364.6 $5,354.1 $4,662.9