FAIR VALUE MEASUREMENTS Fair Value Measurements (Tables)

12 Months Ended

Jan. 03, 2016

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following tables set forth, by level within the fair value hierarchy, our financial assets and liabilities, including assets held in a rabbi trust used to fund the Supplemental Plan, that were measured at fair value on a recurring basis as of January 3, 2016 and December 28, 2014:



	January 3, 2016								December 28, 2014
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	(in millions)								(in millions)
Assets
Derivatives:
Commodity contracts	$	10.8	$	—	$	—	$	10.8	$	57.8	$	0.1	$	—	$	57.9
Foreign exchange contracts	—		—		—		—		—		0.4		—		0.4
Bond securities	—		—		—		—		15.9		—		—		15.9
Insurance contracts	—		70.0		—		70.0		—		70.0		—		70.0
Total	$	10.8	$	70.0	$	—	$	80.8	$	73.7	$	70.5	$	—	$	144.2

Liabilities
Derivatives:
Commodity contracts	18.6		17.1		—		35.7		18.0		19.4		—		37.4
Interest rate swaps	—		0.2		—		0.2		—		0.1		—		0.1
Foreign exchange contracts	—		1.1		—		1.1		—		—		—		—
Total	$	18.6	$	18.4	$	—	$	37.0	$	18.0	$	19.5	$	—	$	37.5

Schedule of Fair Value, Pension Plan Asset [Table Text Block]

The following table summarizes our qualified pension plan assets measured at fair value on a recurring basis (at least annually) as of January 3, 2016 and December 28, 2014:



	January 3, 2016								December 28, 2014
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
	(in millions)								(in millions)
Cash and cash equivalents	$	86.7	$	—	$	—	$	86.7	$	95.0	$	—	$	—	$	95.0

Equity securities:
U.S. common stock:
Health care	34.8		—		—		34.8		30.7		—		—		30.7
Financial services	42.8		—		—		42.8		44.5		—		—		44.5
Retail and consumer products	29.5		—		—		29.5		36.5		—		—		36.5
Energy	15.4		—		—		15.4		9.4		—		—		9.4
Information technology	50.8		—		—		50.8		75.3		—		—		75.3
Manufacturing and industrials	29.2		—		—		29.2		26.0		—		—		26.0
Telecommunications	9.1		—		—		9.1		4.7		—		—		4.7
International common stock	132.7		—		—		132.7		131.8		—		—		131.8

Commingled funds:
International⁽¹⁾	—		—		—		142.5		—		—		—		75.0
Domestic small cap⁽¹⁾	—		—		—		15.2		—		—		—		25.5
Asset-backed securities ⁽¹⁾	—		—		—		7.3		—		—		—		17.4
Emerging markets securities ⁽¹⁾	—		—		—		19.8		—		—		—		22.6
Cash ⁽¹⁾	—		—		—		11.4		—		—		—		14.0
Corporate debt securities ⁽¹⁾	—		—		—		352.5		—		—		—		297.2
Government debt securities ⁽¹⁾	—		—		—		179.4		—		—		—		204.2

Fixed Income:
Corporate debt securities	0.8		28.2		—		29.0		—		—		—		—
Government debt securities	28.5		—		—		28.5		—		—		—		—

Alternative investments:
Diversified investment funds ⁽¹⁾	—		—		—		55.9		—		—		—		59.5

Limited partnerships⁽¹⁾	—		—		—		41.1		—		—		—		36.4

Insurance contracts	—		—		1.0		1.0		—		—		0.9		0.9

Total fair value	$	460.3	$	28.2	$	1.0	1,314.6		$	453.9	$	—	$	0.9	1,206.6
Unsettled transactions, net							8.0								8.1
Total plan assets							$	1,322.6							$	1,214.7

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⁽¹⁾ Assets that are measured at fair value using net asset value per share as a practical expedient and have not been categorized in the fair value hierarchy.

Schedule of Level Three Defined Benefit Plan Assets Roll Forward [Table Text Block]

The following table summarizes the changes in our Level 3 pension plan assets for the twelve months ended January 3, 2016 and December 28, 2014:



	Insurance Contracts
	(in millions)
Balance, December 29, 2013	$	1.1
Actual return on plan assets:
Related to assets held at the reporting date	—
Related to assets sold during the period	—
Purchases, sales and settlements, net	(0.2		)
Balance, December 28, 2014	0.9
Actual return on plan assets:
Related to assets held at the reporting date	—
Related to assets sold during the period	—
Purchases, sales and settlements, net	0.1
Balance, January 3, 2016	$	1.0

Fair Value and Carrying Value of Debt [Table Text Block]

The following table presents the fair value and carrying value of total debt as of January 3, 2016 and December 28, 2014:



	January 3, 2016				December 28, 2014
	Fair Value		Carrying Value		Fair Value		Carrying Value
	(in millions)
Debt	$	2,336.8	$	2,263.7	$	2,782.0	$	2,701.7