XML 55 R38.htm IDEA: XBRL DOCUMENT v3.6.0.2
Financial Instruments and Risk Management (Tables)
 12 Months Ended
Dec. 31, 2016
Investments, All Other Investments [Abstract]  
Fair Value, by Balance Sheet Grouping [Table Text Block]
The carrying value and the fair value of the Company’s debt, excluding capital leases, are as follows:
(In millions)
December 31, 2016
 
January 2, 2016
Carrying value
$
820.2

 
$
809.2

Fair value
827.6

 
836.3
Schedule of Derivative Instruments [Table Text Block]
The notional amounts of the Company’s derivative instruments are as follows:
(Dollars in millions)
December 31, 2016
 
January 2, 2016
Foreign exchange contracts:
 
 
 
     Hedge contracts
$
169.2

 
$
192.6

          Non-hedge contracts
2.1

 
23.2

Interest rate swaps
496.0

 
609.7
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following table sets forth financial assets and liabilities measured at fair value in the consolidated balance sheets and the respective pricing levels to which the fair value measurements are classified within the fair value hierarchy.
 
Fair Value Measurements
 
Quoted Prices With Other Observable Inputs (Level 2)
(In millions)
December 31, 2016
 
January 2, 2016
Financial assets:
 
 
 
Foreign exchange contracts - hedge
$
6.6

 
$
6.7

Foreign exchange contracts - non-hedge
—

 
0.5

Interest rate swaps
0.1

 
0.2

Financial liabilities:
 
 
 
Foreign exchange contracts - hedge
$
(0.3
)
 
$
—

Foreign exchange contracts - non-hedge
—

 
(0.1
)
Interest rate swaps
(5.3
)
 
(3.9
)