FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jul. 01, 2016

Fair Value Disclosures [Abstract]

Fair Value, Liabilities Measured on Recurring Basis

A summary of financial liabilities that are measured at fair value on a recurring basis were as follows ($ in millions):

	Quoted Prices in Active Market (Level 1)	Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)	Total
July 1, 2016
Deferred compensation liabilities	—	$	32.3	—	$	32.3
December 31, 2015
Deferred compensation liabilities	—	$	53.7	—	$	53.7

Carrying Amounts and Fair Values of Financial Instruments

The carrying amounts and fair values of financial instruments were as follows ($ in millions):

	July 1, 2016
	Carrying Amount		Fair Value
Long-term borrowings	$	3,374.8	$	3,464.0