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Fair Value Measurement (Tables)

3 Months Ended

Apr. 03, 2021

Fair Value Disclosures [Abstract]

Fair value measured on recurring basis

The fair value hierarchy has three levels based on the reliability of the inputs used to determine the fair value.


						Fair Value Measurements at April 3, 2021 Using
						Quoted Prices in Active Markets for Identical Assets			Significant Other Observable Inputs			Significant Unobservable Inputs
(In thousands of dollars)			Total			(Level 1)			(Level 2)			(Level 3)
Assets:
Derivative instruments			$	2,211		$	—		$	2,211		$	—
Total Assets			$	2,211		$	—		$	2,211		$	—

Liabilities:
Derivative instruments			$	10,483		$	—		$	10,483		$	—
5.25% Senior notes			526,650			—			526,650			—
3.625% Senior notes			617,284			—			617,284			—
Term loan B			249,375			—			249,375			—
Revolver debt			68,655			—			68,655			—
Total Liabilities			$	1,472,447		$	—		$	1,472,447		$	—


						Fair Value Measurements at January 2, 2021 Using
						Quoted Prices in Active Markets for Identical Assets			Significant Other Observable Inputs			Significant Unobservable Inputs
(In thousands of dollars)			Total			(Level 1)			(Level 2)			(Level 3)
Assets:
Derivative instruments			$	17,358		$	—		$	17,358		$	—
Total Assets			$	17,358		$	—		$	17,358		$	—

Liabilities:
Derivative instruments			$	9,778		$	—		$	9,778		$	—
5.25% Senior notes			531,300			—			531,300			—
3.625% Senior notes			646,323			—			646,323			—
Term loan B			298,500			—			298,500			—
Revolver debt			54,175			—			54,175			—
Total Liabilities			$	1,540,076		$	—		$	1,540,076		$	—