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Financial Instruments and Risk Management (Tables)
3 Months Ended
Mar. 28, 2020
Investments, All Other Investments [Abstract]  
Schedule of Derivative Instruments [Table Text Block]
The notional amounts of the Company’s derivative instruments are as follows:
(Dollars in millions)
March 28,
2020
 
December 28,
2019
 
March 30,
2019
Foreign exchange contracts:
 
 
 
 
 
     Hedge contracts
$
202.1

 
$
246.3

 
$
235.3

          Non-hedge contracts

 
7.3

 

Interest rate swaps
335.2

 
355.8

 
162.5

Cross currency swap
79.8

 
79.8

 
79.8

Schedule of Derivative Assets at Fair Value [Table Text Block]
The recorded fair values of the Company’s derivative instruments are as follows:
(In millions)
March 28,
2020
 
December 28,
2019
 
March 30,
2019
Financial assets:
 
 
 
 
 
Foreign exchange contracts - hedge
$
6.6

 
$
2.3

 
$
7.0

Interest rate swaps

 

 
0.9

Financial liabilities:
 
 
 
 
 
Foreign exchange contracts - hedge
$

 
$
(1.8
)
 
$
(1.0
)
Interest rate swaps
(9.7
)
 
(1.8
)
 

Cross currency swap
(1.9
)
 
(3.0
)
 
(5.1
)