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LONG-TERM DEBT AND FINANCING ARRANGEMENTS (Tables) | 3 Months Ended
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Mar. 28, 2020
Debt Disclosure [Abstract] |
Long-Term Debt and Financing Arrangements | Long-term debt and financing arrangements at March 28, 2020 and December 28, 2019 are as follows:
|  |  | March 28, 2020 |  | December 28, 2019
(Millions of Dollars) | Interest Rate |  | Original Notional |  | Unamortized Discount |  | Unamortized Gain/(Loss) Terminated Swaps 1 |  | Purchase Accounting FV Adjustment |  | Deferred Financing Fees |  | Carrying Value |  | Carrying Value
Notes payable due 2021 | 3.40% |  | $ | 400.0 |  |  | $ | (0.1 | ) |  | $ | 5.9 |  |  | $ | — |  |  | $ | (0.6 | ) |  | $ | 405.2 |  |  | $ | 406.0 |
Notes payable due 2022 | 2.90% |  | 754.3 |  |  | (0.2 | ) |  | — |  |  | — |  |  | (1.6 | ) |  | 752.5 |  |  | 752.3 |
Notes payable due 2026 | 3.40% |  | 500.0 |  |  | (0.6 | ) |  | — |  |  | — |  |  | (2.7 | ) |  | 496.7 |  |  | 496.5 |
Notes payable due 2028 | 7.05% |  | 150.0 |  |  | — |  |  | 9.0 |  |  | 8.7 |  |  | — |  |  | 167.7 |  |  | 168.3 |
Notes payable due 2028 | 4.25% |  | 500.0 |  |  | (0.3 | ) |  | — |  |  | — |  |  | (3.8 | ) |  | 495.9 |  |  | 495.8 |
Notes Payable due 2030 | 2.30% |  | 750.0 |  |  | (2.5 | ) |  | — |  |  | — |  |  | (3.4 | ) |  | 744.1 |  |  | — |
Notes payable due 2040 | 5.20% |  | 400.0 |  |  | (0.2 | ) |  | (30.1 | ) |  | — |  |  | (2.8 | ) |  | 366.9 |  |  | 366.5 |
Notes payable due 2048 | 4.85% |  | 500.0 |  |  | (0.5 | ) |  | — |  |  | — |  |  | (5.3 | ) |  | 494.2 |  |  | 494.1 |
Notes payable due 2060 (junior subordinated) | 4.00% |  | 750.0 |  |  | — |  |  | — |  |  | — |  |  | (7.5 | ) |  | 742.5 |  |  | — |
Total long-term debt, including current maturities |  |  | $ | 4,704.3 |  |  | $ | (4.4 | ) |  | $ | (15.2 | ) |  | $ | 8.7 |  |  | $ | (27.7 | ) |  | $ | 4,665.7 |  |  | $ | 3,179.5 |
Less: Current maturities of long-term debt |  |  |  |  |  |  |  |  |  |  |  |  | (3.1 | ) |  | (3.1 | )
Long-term debt |  |  |  |  |  |  |  |  |  |  |  |  | $ | 4,662.6 |  |  | $ | 3,176.4 |
1 Unamortized gain/(loss) associated with interest rate swaps are more fully discussed in Note I, Financial Instruments.

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