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FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Mar. 28, 2020

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
March 28, 2020
Money market fund	$	2.4			$	2.4			$	—			$	—
Derivative assets	$	68.1			$	—			$	68.1			$	—
Derivative liabilities	$	133.2			$	—			$	133.2			$	—
Non-derivative hedging instrument	$	460.4			$	—			$	460.4			$	—
Contingent consideration liabilities	$	356.7			$	—			$	—			$	356.7
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 Financial Instruments Carrying and Fair Values

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

	March 28, 2020								December 28, 2019
(Millions of Dollars)	Carrying Value				Fair Value				Carrying Value				Fair Value
Other investments	$	13.3			$	13.7			$	14.4			$	14.8
Long-term debt, including current portion	$	4,665.7			$	4,953.2			$	3,179.5			$	3,601.0

X

- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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- References

No definition available.

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X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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