Fair Value Measurements (Tables)

9 Months Ended

Oct. 02, 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, October 2, 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	$	29.6	$	—	$	29.6	$	—
Investment in equity securities	235.2		16.0		—		—
Cross-currency swap derivative contracts	35.9		—		35.9		—
Liabilities:
Cross-currency swap derivative contracts	120.2		—		120.2		—
Deferred compensation plans	98.8		—		98.8		—
	Balance, 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):

	October 2, 2020				December 31, 2019
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Assets:
Available-for-sale debt securities	$	29.6	$	29.6	$	33.7	$	33.7
Investment in equity securities	235.2		235.2		110.8		110.8
Cross-currency swap derivative contracts	35.9		35.9		25.7		25.7
Liabilities:
Cross-currency swap derivative contracts	120.2		120.2		111.7		111.7
Notes payable and current portion of long-term debt	19.7		19.7		212.4		212.4
Long-term debt	21,806.1		23,019.1		21,516.7		21,896.9