Financial Instruments and Risk Management (Tables)

9 Months Ended

Oct. 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)	October 1, 2022		January 1, 2022		October 2, 2021
Foreign exchange hedge contracts	$	376.3	$	296.7	$	297.1
Foreign exchange non-hedge contracts	—		—		4.1
Interest rate swap	240.6		311.3		—

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 1, 2022		January 1, 2022		October 2, 2021
Financial assets:
Foreign exchange hedge contracts	$	32.3	$	5.9	$	4.9
Interest rate swap	7.2		—		—
Financial liabilities:
Foreign exchange hedge contracts	$	—	$	(1.0)	$	(1.0)
Interest rate swap	—		(0.1)		—