Fair Value Measurements (Tables)

9 Months Ended

Sep. 27, 2019

Fair Value Disclosures [Abstract]

Financial Assets And Liabilities Carried At 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
September 27, 2019:
Assets:
Available-for-sale debt securities	$	—	$	35.7	$	—	$	35.7
Investment in equity securities	—		—		314.4		314.4
Cross-currency swap derivative contracts	—		36.8		—		36.8
Liabilities:
Interest rate swap derivative contracts	—		64.0		—		64.0
Deferred compensation plans	—		64.6		—		64.6
December 31, 2018:
Assets:
Available-for-sale debt securities	$	—	$	38.3	$	—	$	38.3
Investment in equity securities	—		—		148.9		148.9
Liabilities:
Deferred compensation plans	—		60.9		—		60.9

Carrying Amounts And Fair Values Of Financial Instruments

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

	September 27, 2019				December 31, 2018
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Available-for-sale debt securities	$	35.7	$	35.7	$	38.3	$	38.3
Investment in equity securities	314.4		314.4		148.9		148.9
Cross-currency swap derivative contracts	36.8		36.8		—		—
Liabilities:
Interest rate swap derivative contracts	64.0		64.0		—		—
Notes payable and current portion of long-term debt	1,068.6		1,068.6		51.8		51.8
Long-term debt	16,536.2		17,045.5		9,688.5		9,990.6