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Fair Value Measurement (Tables) | 12 Months Ended
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Dec. 31, 2022
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following tables presents the Company's financial instruments that are measured at fair value on a recurring and nonrecurring basis as of December 31, 2022 and January 1, 2022 and are categorized using the fair value hierarchy under FASB authoritative guidance. The fair value hierarchy has three levels based on the reliability of the inputs used to determine the fair value.
|  | Fair Value Measurements at December 31, 2022 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 assets | $ | 20,324 |  | $ | — |  | $ | 20,324 |  | $ | — |
Total Assets | 20,324 |  | — |  | 20,324 |  | — |
Liabilities |  |  |  |
Derivative liabilities | 5,406 |  | — |  | 5,406 |  | — |
Contingent consideration | 169,903 |  | — |  | — |  | 169,903 |
6% Senior Notes | 977,200 |  | — |  | 977,200 |  | — |
5.25% Senior Notes | 485,700 |  | — |  | 485,700 |  | — |
3.625% Senior Notes | 533,155 |  | — |  | 533,155 |  | — |
Term loan A-1 | 398,000 |  | — |  | 398,000 |  | — |
Term loan A-2 | 488,813 |  | — |  | 488,813 |  | — |
Term loan B | 199,000 |  | — |  | 199,000 |  | — |
Revolver | 133,003 |  | — |  | 133,003 |  | — |
Total Liabilities | $ | 3,390,180 |  | $ | — |  | $ | 3,220,277 |  | $ | 169,903 |
|  | Fair Value Measurements at January 1, 2022 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 assets | $ | 5,031 |  | $ | — |  | $ | 5,031 |  | $ | — |
Total Assets | 5,031 |  | — |  | 5,031 |  | — |
Liabilities |  |  |  |
Derivative liabilities | 7,173 |  | — |  | 7,173 |  | — |
5.25% Senior Notes | 515,600 |  | — |  | 515,600 |  | — |
3.625% Senior Notes | 591,200 |  | — |  | 591,200 |  | — |
Term Loan B | 200,000 |  | — |  | 200,000 |  | — |
Revolver | 158,400 |  | — |  | 158,400 |  | — |
Total Liabilities | $ | 1,472,373 |  | $ | — |  | $ | 1,472,373 |  | $ | — |
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation | The fair value measurement of the FASA contingent liability consideration uses significant unobservable inputs (level 3). The changes in contingent consideration are due to the following:
(in thousands of dollars) | Contingent Consideration
Balance as of January 1, 2022 | $ | — |
Initial measurement | 168,128 |
Total expense included in earnings during period | 3,506 |
Exchange rate changes | (1,731) |
Balance as of December 31, 2022 | $ | 169,903 |

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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + 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 (c) -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 3 -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, 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://www.xbrl.org/2003/role/disclosureRef -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://www.xbrl.org/2003/role/disclosureRef -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
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