Financial Instruments and Risk Management (Tables)

8 Months Ended

Sep. 10, 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 long-term debt, excluding capital leases, are as follows:

(In millions)	September 10, 2016		January 2, 2016		September 12, 2015
Carrying value	$	1,050.6	$	809.2	$	814.0
Fair value	1,090.9		836.3		846.2

Schedule of Derivative Instruments [Table Text Block]

The notional amounts of the Company’s derivative instruments are as follows:

(Dollars in millions)	September 10, 2016		January 2, 2016		September 12, 2015
Foreign exchange contracts:
Hedge contracts	$	161.4	$	192.6	$	194.0
Non-hedge contracts	10.8		23.2		—
Interest rate swaps (1)	537.9		609.7		638.9

⁽¹⁾  Includes a forward starting interest rate swap with a notional amount of $288.8 million, which has an effective date of October 17, 2016.

Financial Assets and Liabilities Measured at Fair Value in Consolidated Condensed Balance Sheets

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)	September 10, 2016		January 2, 2016		September 12, 2015
Financial assets:
Foreign exchange contracts - hedge	$	2.5	$	6.7	$	3.7
Foreign exchange contracts - non-hedge	—		0.5		—
Interest rate swaps	—		0.2		—
Financial liabilities:
Foreign exchange contracts - hedge	$	1.6	$	—	$	1.3
Foreign exchange contracts - non-hedge	0.5		0.1		—
Interest rate swaps	12.1		3.9		5.0