XML 71 R46.htm IDEA: XBRL DOCUMENT
v3.22.4

FAIR VALUE MEASUREMENTS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
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
December 31, 2022 |  |  |  |  |  |  |
Money market fund | $ | 9.4 |  |  | $ | 9.4 |  |  | $ | — |  |  | $ | — |
Equity security | $ | 3.2 |  |  | $ | 3.2 |  |  | $ | — |  |  | $ | — |
Deferred compensation plan investments | $ | 19.0 |  |  | $ | 19.0 |  |  | $ | — |  |  | $ | — |
Derivative assets | $ | 12.2 |  |  | $ | — |  |  | $ | 12.2 |  |  | $ | — |
Derivative liabilities | $ | 16.1 |  |  | $ | — |  |  | $ | 16.1 |  |  | $ | — |
Contingent consideration liability | $ | 268.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 268.7 |
January 1, 2022 |  |  |  |  |  |  |
Money market fund | $ | 11.0 |  |  | $ | 11.0 |  |  | $ | — |  |  | $ | — |
Equity security | $ | 13.8 |  |  | $ | 13.8 |  |  | $ | — |  |  | $ | — |
Deferred compensation plan investments | $ | 26.2 |  |  | $ | 26.2 |  |  | $ | — |  |  | $ | — |
Derivative assets | $ | 33.1 |  |  | $ | — |  |  | $ | 33.1 |  |  | $ | — |
Derivative liabilities | $ | 8.7 |  |  | $ | — |  |  | $ | 8.7 |  |  | $ | — |
Contingent consideration liability | $ | 288.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 288.6 |
Summary of Company's Financial Instruments Carrying and Fair Values | The following table provides information about the Company's financial assets and liabilities not carried at fair value:
| December 31, 2022 |  | January 1, 2022
(Millions of Dollars) | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Other investments | $ | 9.3 |  |  | $ | 9.3 |  |  | $ | 11.2 |  |  | $ | 11.6 |
Long-term debt, including current portion | $ | 5,354.1 |  |  | $ | 4,662.9 |  |  | $ | 4,354.9 |  |  | $ | 4,850.2 |

X
- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 https://asc.fasb.org/extlink&oid=123594938&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 https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueByBalanceSheetGroupingTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration