Financial Instruments and Risk Management (Tables)

9 Months Ended

Oct. 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)	October 2, 2021		January 2, 2021		September 26, 2020
Foreign exchange hedge contracts	$	297.1	$	250.7	$	188.3
Foreign exchange non-hedge contracts	4.1		—		—
Interest rate swap	—		—		293.9
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)	October 2, 2021		January 2, 2021		September 26, 2020
Financial assets:
Foreign exchange hedge contracts	$	4.9	$	—	$	1.3
Financial liabilities:
Foreign exchange hedge contracts	$	(1.0)	$	(8.8)	$	(0.4)
Interest rate swap	—		—		(8.6)
Cross currency swap	—		(10.8)		(6.2)