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LONG-TERM DEBT AND FINANCING ARRANGEMENTS (Tables) | 9 Months Ended
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Oct. 01, 2022
Debt Disclosure [Abstract] |
Long-Term Debt and Financing Arrangements | Long-term debt and financing arrangements at October 1, 2022 and January 1, 2022 are as follows:
|  | October 1, 2022 |  | January 1, 2022
(Millions of Dollars) | Interest Rate | Notional Value | Unamortized Discount | Unamortized Gain/(Loss) Terminated Swaps 1 | Purchase Accounting FV Adjustment | Deferred Financing Fees | Carrying Value |  | Carrying Value
Notes payable due 2025 | 2.30% | $ | 500.0 |  | $ | (0.6) |  | $ | — |  | $ | — |  | $ | (2.0) |  | $ | 497.4 |  |  | $ | — |
Notes payable due 2026 | 3.40% | 500.0 |  | (0.3) |  | — |  | — |  | (1.5) |  | 498.2 |  |  | 497.8 |
Notes payable due 2026 | 3.42% | 25.0 |  | — |  | — |  | 1.5 |  | — |  | 26.5 |  |  | 24.9 |
Notes payable due 2026 | 1.84% | 24.5 |  | — |  | — |  | 1.3 |  | — |  | 25.8 |  |  | 28.4 |
Notes payable due 2028 | 7.05% | 150.0 |  | — |  | 6.3 |  | 6.0 |  | — |  | 162.3 |  |  | 163.9 |
Notes payable due 2028 | 4.25% | 500.0 |  | (0.2) |  | — |  | — |  | (2.7) |  | 497.1 |  |  | 496.8 |
Notes payable due 2028 | 3.52% | 50.0 |  | — |  | — |  | 4.1 |  | (0.1) |  | 54.0 |  |  | 49.9 |
Notes payable due 2030 | 2.30% | 750.0 |  | (1.8) |  | — |  | — |  | (3.9) |  | 744.3 |  |  | 743.7 |
Notes payable due 2032 | 3.00% | 500.0 |  | (0.9) |  | — |  | — |  | (3.3) |  | 495.8 |  |  | — |
Notes payable due 2040 | 5.20% | 400.0 |  | (0.2) |  | (26.5) |  | — |  | (2.4) |  | 370.9 |  |  | 369.7 |
Notes payable due 2048 | 4.85% | 500.0 |  | (0.5) |  | — |  | — |  | (4.8) |  | 494.7 |  |  | 494.6 |
Notes payable due 2050 | 2.75% | 750.0 |  | (1.8) |  | — |  | — |  | (7.9) |  | 740.3 |  |  | 740.0 |
Notes payable due 2060 (junior subordinated) | 4.00% | 750.0 |  | — |  | — |  | — |  | (8.9) |  | 741.1 |  |  | 740.9 |
Other, payable in varying amounts 2022 through 2027 | 3.47%-4.31% | 3.3 |  | — |  | — |  | — |  | — |  | 3.3 |  |  | 4.3 |
Total Long-term debt, including current maturities |  | $ | 5,402.8 |  | $ | (6.3) |  | $ | (20.2) |  | $ | 12.9 |  | $ | (37.5) |  | $ | 5,351.7 |  |  | $ | 4,354.9 |
Less: Current maturities of long-term debt |  |  |  |  |  |  | (1.2) |  |  | (1.3) |
Long-term debt |  |  |  |  |  |  | $ | 5,350.5 |  |  | $ | 4,353.6 |
1 Unamortized gain/(loss) associated with interest rate swaps are more fully discussed in Note I, Financial Instruments.

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