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Financial Instruments and Risk Management (Tables)
6 Months Ended
Jun. 27, 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)June 27,
2020
December 28,
2019
June 29,
2019
Foreign exchange contracts:
     Hedge contracts$161.1  $246.3  $238.1  
          Non-hedge contracts—  7.3  8.5  
Interest rate swaps314.6  355.8  141.9  
Cross currency swap79.8  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)June 27,
2020
December 28,
2019
June 29,
2019
Financial assets:
Foreign exchange contracts - hedge$4.1  $2.3  $4.3  
Financial liabilities:
Foreign exchange contracts - hedge$(0.1) $(1.8) $(0.1) 
Interest rate swaps(9.8) (1.8) (0.2) 
Cross currency swap(1.9) (3.0) (5.3)