Fair Value Measurements (Tables)

9 Months Ended

Oct. 01, 2011

Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis for Each of the Hierarchy Levels

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
October 1, 2011:
Assets:
Money market fund	$	75.1	$	75.1	$	—
Derivative assets		172.3		—		172.3
Liabilities:
Derivative liabilities		163.6		—		163.6
January 1, 2011:
Assets:
Money market fund	$	716.7	$	716.7	$	—
Derivative assets		55.0	$	—		55.0
Liabilities:
Derivative liabilities		115.7	$	—		115.7

Summary of Financial Instruments Carrying and Fair Values

A summary of the Company’s financial instruments carrying and fair values at October 1, 2011 and January 1, 2011 follows. Refer to Note I, Derivative Financial Instruments for more details regarding derivative financial instruments, and Note H, Long-Term Debt and Financing Arrangements, for more information regarding carrying values of the Long-term debt shown below. The Company had no financial assets or liabilities measured using Level 3 inputs.

	October 1, 2011				January 1, 2011
(millions of dollars)	Carrying Value		Fair Value		Carrying Value		Fair Value
Assets:
Derivative assets	$	172.3	$	172.3	$	55.0	$	55.0
Liabilities:
Long-term debt, including current portion		3,256.0		3,408.9		3,434.2		3,607.1
Derivative liabilities		163.6		163.6		115.7		115.7