Fair Value Measurements (Tables)

3 Months Ended

Apr. 03, 2020

Fair Value Disclosures [Abstract]

Schedule of Financial Assets And Liabilities At Carrying and Fair Value

A summary of financial assets and 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
April 3, 2020:
Assets:
Cross-currency swap derivative contracts	$	—	$	28.1	$	—	$	28.1
Liabilities:
Interest rate swap derivative contracts	$	—	$	11.7	$	—	$	11.7
Deferred compensation plans	$	—	$	7.2	$	—	$	7.2
December 31, 2019:
Assets:
Interest rate swap derivative contracts	$	—	$	0.1	$	—	$	0.1
Liabilities:
Cross-currency swap derivative contracts	$	—	$	8.9	$	—	$	8.9
Deferred compensation plans	$	—	$	7.2	$	—	$	7.2

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

	April 3, 2020
	Carrying Amount		Fair Value
Assets:
Cross-currency swap derivative contracts	$	28.1	$	28.1
Liabilities:
Interest rate swap derivative contracts	$	11.7	$	11.7
Long-term debt	$	1,546.7	$	1,546.7