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FINANCIAL RISK MANAGEMENT (Tables) | 12 Months Ended
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Jan. 02, 2022
Trade and other current receivables [abstract] |
Disclosure of credit risk exposure [text block] | The Company’s exposure to credit risk for trade accounts receivable by geographic area was as follows as at:
| January 2, 2022 | January 3, 2021
Trade accounts receivable by geographic area: |  |
United States | $ | 296,100 |  | $ | 167,080 |
Canada | 16,954 |  | 11,192 |
Europe and other | 16,913 |  | 18,208 |
Total trade accounts receivable | $ | 329,967 |  | $ | 196,480 |
The following tables provide an indication of the Company’s significant foreign currency exposures included in the consolidated statement of financial position as at January 2, 2022 arising from financial instruments:
|  |  |  | January 2, 2022
(in U.S. $ millions) | CAD | GBP | EUR | AUD | MXN | CNY | BDT | COP | JPY
Cash and cash equivalents | 6.1 |  | 1.7 |  | 3.3 |  | 1.8 |  | 5.3 |  | 4.5 |  | 4.2 |  | 1.9 |  | 0.9 |
Trade accounts receivable | 16.9 |  | — |  | 7.0 |  | 3.9 |  | 2.6 |  | 0.7 |  | — |  | — |  | — |
Prepaid expenses, deposits and other current assets | 0.4 |  | 0.3 |  | 2.1 |  | — |  | 0.1 |  | 0.4 |  | 2.4 |  | 0.7 |  | — |
Accounts payable and accrued liabilities | (21.0) |  | (0.6) |  | (3.7) |  | (0.6) |  | (1.0) |  | (2.9) |  | (6.8) |  | — |  | — |
Based on the Company’s foreign currency exposures arising from financial instruments noted above, and the impact of outstanding derivative financial instruments designated as effective hedging instruments, varying the foreign exchange rates to reflect a 5 percent strengthening of the U.S. dollar would have (decreased) increased earnings and other comprehensive income as follows, assuming that all other variables remained constant:
|  | For the year ended January 2, 2022
(in U.S. $ millions) | CAD | GBP | EUR | AUD | MXN | CNY | BDT | COP | JPY
Impact on earnings before income taxes | (0.1) |  | (0.1) |  | (0.4) |  | (0.3) |  | (0.3) |  | (0.1) |  | — |  | (0.1) |  | — |
Impact on other comprehensive income before income taxes | 0.3 |  | 1.7 |  | 1.6 |  | 0.3 |  | 0.3 |  | — |  | — |  | — |  | — |
Disclosure of fair value measurement of liabilities [text block] | The following tables present a maturity analysis based on contractual maturity date of the Company's financial liabilities. All commitments have been reflected in the consolidated statements of financial position except for purchase obligations, as well as minimum royalty payments, which are included in the table of contractual obligations below. The amounts are the contractual undiscounted cash flows.
Carrying |  | Contractual | Less than | Between 1 | Between 4 | More than
(in $ millions) | amount |  | cash flows | 1 year | and 3 years | and 5 years | 5 years
Accounts payable and accrued liabilities | 440.4 |  |  | 440.4 |  | 440.4 |  | — |  | — |  | — |
Long-term debt | 600.0 |  |  | 600.0 |  | — |  | 150.0 |  | 450.0 |  | — |
Purchase and other obligations | — |  |  | 392.9 |  | 320.8 |  | 54.5 |  | 14.9 |  | 2.7 |
Lease obligations | 109.1 |  |  | 133.2 |  | 21.2 |  | 28.2 |  | 22.4 |  | 61.4 |
Total contractual obligations | 1,149.5 |  |  | 1,566.5 |  | 782.4 |  | 232.7 |  | 487.3 |  | 64.1 |
Description of aging of trade accounts receivable balances | The aging of trade accounts receivable balances was as follows as at:
| January 2, 2022 | January 3, 2021
Not past due | $ | 318,528 |  | $ | 173,354 |
Past due 0-30 days | 9,352 |  | 16,572 |
Past due 31-60 days | 3,667 |  | 4,360 |
Past due 61-120 days | 2,903 |  | 5,912 |
Past due over 121 days | 9,221 |  | 15,276 |
Trade accounts receivable | 343,671 |  | 215,474 |
Less allowance for expected credit losses | (13,704) |  | (18,994) |
Total trade accounts receivable | $ | 329,967 |  | $ | 196,480 |

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