Fair Value Measurements (Tables)

6 Months Ended

Jul. 03, 2020

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):

	Balance, July 3, 2020		Quoted Prices in Active Market (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Available-for-sale debt securities	$	31.3	$	—	$	31.3	$	—
Investment in equity securities	198.5		16.6		—		—
Cross-currency swap derivative contracts	278.2		—		278.2		—
Liabilities:
Deferred compensation plans	89.3		—		89.3		—
	December 31, 2019		Quoted Prices in Active Market (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Available-for-sale debt securities	$	33.7	$	—	$	33.7	$	—
Investment in equity securities	110.8		—		—		—
Cross-currency swap derivative contracts	25.7		—		25.7		—
Liabilities:
Cross-currency swap derivative contracts	111.7		—		111.7		—
Deferred compensation plans	70.4		—		70.4		—

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):

	July 3, 2020				December 31, 2019
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Available-for-sale debt securities	$	31.3	$	31.3	$	33.7	$	33.7
Investment in equity securities	198.5		198.5		110.8		110.8
Cross-currency swap derivative contracts	278.2		278.2		25.7		25.7
Liabilities:
Cross-currency swap derivative contracts	—		—		111.7		111.7
Notes payable and current portion of long-term debt	17.2		17.2		212.4		212.4
Long-term debt	22,370.0		23,189.5		21,516.7		21,896.9