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Financial Instruments and Risk Management (Tables)

12 Months Ended

Jan. 01, 2022

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 1, 2022						January 2, 2021
Foreign exchange hedge contracts			$	296.7					$	250.7
Interest rate swap			311.3						—
Cross currency swap			—						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 1, 2022						January 2, 2021
Financial assets:
Foreign exchange hedge contracts			$	5.9					$	—
Financial liabilities:
Foreign exchange hedge contracts			$	(1.0)					$	(8.8)
Interest rate swap			(0.1)						—
Cross currency swap			—						(10.8)

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Tabular disclosure of derivative assets at fair value.

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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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