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Financial Instruments (Tables) | 9 Months Ended
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Oct. 01, 2016
Investments, All Other Investments [Abstract] |
Fair Values of Derivative Instruments Included within Condensed Consolidated Balance Sheets | The fair values of derivative instruments included within the Condensed Consolidated Balance Sheets as of October 1, 2016, and January 2, 2016, are as follows:
|  |  |  | October 1, 2016 |  |  | January 2, 2016 |
(Amounts in millions) |  | Balance Sheet Presentation |  | Asset Derivatives Fair Value |  |  | Liability Derivatives Fair Value |  |  | Asset Derivatives Fair Value |  |  | Liability Derivatives Fair Value |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | Other assets |  | $ | 13.7 |  |  | $ | – |  |  | $ | 12.9 |  |  | $ | – |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forwards |  | Prepaid expenses and other assets |  | $ | 1.9 |  |  | $ | – |  |  | $ | 2.8 |  |  | $ | – |
Foreign currency forwards |  | Other accrued liabilities |  |  | – |  |  |  | 2.3 |  |  |  | – |  |  |  | 5.9 |
Equity forwards |  | Prepaid expenses and other assets |  |  | 16.9 |  |  |  | – |  |  |  | 18.5 |  |  |  | – |
Total |  |  |  | $ | 18.8 |  |  | $ | 2.3 |  |  | $ | 21.3 |  |  | $ | 5.9 |
Total derivatives instruments |  |  |  | $ | 32.5 |  |  | $ | 2.3 |  |  | $ | 34.2 |  |  | $ | 5.9 |
Derivative Instruments Designated as Fair Value Hedges Included in Condensed Consolidated Statements of Earnings | The effect of derivative instruments designated as fair value hedges as included in the Condensed Consolidated Statements of Earnings is as follows:
|  |  |  | Effective Portion of Gain Recognized in Income |
|  |  |  | Three Months Ended |  |  | Nine Months Ended |
(Amounts in millions) |  | Statement of Earnings Presentation |  | October 1, 2016 |  |  | October 3, 2015 |  |  | October 1, 2016 |  |  | October 3, 2015 |
Derivatives designated as fair value hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | Interest expense |  | $ | 0.4 |  |  | $ | 0.8 |  |  | $ | 1.9 |  |  | $ | 2.8 |
Effect of Derivative Instruments Designated as Cash Flow Hedges Included in Accumulated OCI on Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Earnings | The effect of derivative instruments designated as cash flow hedges as included in Accumulated OCI on the Condensed Consolidated Balance Sheets and the Condensed Consolidated Statements of Earnings is as follows:
|  | Effective Portion of Gain Recognized in Accumulated OCI Three Months Ended |  |  | Statement of Earnings Presentation |  | Effective Portion of Gain Reclassified from Accumulated OCI into Income Three Months Ended |
(Amounts in millions) |  | October 1, 2016 |  |  | October 3, 2015 |  |  |  | October 1, 2016 |  |  | October 3, 2015 |
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Treasury locks |  | $ | – |  |  | $ | – |  |  | Interest expense |  | $ | 0.1 |  |  | $ | 0.1 |
|  | Effective Portion of Gain Recognized in Accumulated OCI Nine Months Ended |  |  | Statement of Earnings Presentation |  | Effective Portion of Gain Reclassified from Accumulated OCI into Income Nine Months Ended |
(Amounts in millions) |  | October 1, 2016 |  |  | October 3, 2015 |  |  |  | October 1, 2016 |  |  | October 3, 2015 |
Derivatives designated as cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Treasury locks |  | $ | – |  |  | $ | – |  |  | Interest expense |  | $ | 0.3 |  |  | $ | 0.3 |
Derivative Instruments Not Designated as Hedges Included in Condensed Consolidated Statements of Earnings | The effects of derivative instruments not designated as hedging instruments as included in the Condensed Consolidated Statements of Earnings are as follows:
|  |  |  |  |  | Gain (Loss) Recognized in Income |
|  |  |  |  |  | Three Months Ended |  |  | Nine Months Ended |
(Amounts in millions) |  | Statement of Earnings Presentation |  |  |  | October 1, 2016 |  |  | October 3, 2015 |  |  | October 1, 2016 |  |  | October 3, 2015 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forwards |  | Other income (expense) – net |  |  |  | $ | (0.7) |  |  | $ | (3.0) |  |  | $ | (4.9) |  |  | $ | (13.9) |
Equity forwards |  | Operating expenses |  |  |  |  | (0.7) |  |  |  | (1.1) |  |  |  | (1.4) |  |  |  | 2.1 |
Fair Values of Financial Instruments Not Approximating Carrying Values in Financial Statements | Fair Value of Financial Instruments: The fair values of financial instruments that do not approximate the carrying values in the financial statements are as follows:
|  | October 1, 2016 |  |  | January 2, 2016 |
(Amounts in millions) |  | Carrying Value |  |  | Fair Value |  |  | Carrying Value |  |  | Fair Value |
Finance receivables – net |  | $ | 1,374.2 |  |  | $ | 1,592.0 |  |  | $ | 1,220.0 |  |  | $ | 1,381.9 |
Contract receivables – net |  |  | 376.7 |  |  |  | 415.3 |  |  |  | 348.7 |  |  |  | 380.2 |
Long-term debt, notes payable and current maturities of long-term debt |  |  | 896.0 |  |  |  | 981.7 |  |  |  | 880.1 |  |  |  | 961.1 |

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13476-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13433-108611 + Details
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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5618551-113959 + Details
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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624163-113959 + Details
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