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Financial Instruments and Risk Management (Tables)

12 Months Ended

Jan. 02, 2021

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)	January 2, 2021		December 28, 2019
Foreign exchange contracts:
Hedge contracts	$	250.7	$	246.3
Non-hedge contracts	—		7.3
Interest rate swap	—		355.8
Cross currency swap	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)	January 2, 2021		December 28, 2019
Financial assets:
Foreign exchange contracts - hedge	$	—	$	2.3



Financial liabilities:
Foreign exchange contracts - hedge	$	(8.8)	$	(1.8)

Interest rate swap	—		(1.8)
Cross currency swap	(10.8)		(3.0)

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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+ Details