FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 29, 2018

FAIR VALUE MEASUREMENTS

Assets and liabilities carried at fair value, measured on a recurring basis

        The following table provides the assets and liabilities carried at fair value, measured on a recurring basis, as of December 29, 2018:

			Fair Value Measurements Using
(In millions)	Total		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets
Trading securities	$	26.3	$	21.5	$	4.8	$	–
Derivative assets		3.6		.1		3.5		–
Bank drafts		23.0		23.0		–		–
Liabilities
Derivative liabilities	$	8.7	$	–	$	8.7	$	–
Contingent consideration liabilities		1.6		–		–		1.6

        The following table provides the assets and liabilities carried at fair value, measured on a recurring basis, as of December 30, 2017:

			Fair Value Measurements Using
(In millions)	Total		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets
Trading securities	$	22.7	$	17.7	$	5.0	$	–
Derivative assets		3.9		–		3.9		–
Bank drafts		18.4		18.4		–		–
Liabilities
Derivative liabilities	$	6.2	$	.1	$	6.1	$	–
Contingent consideration liabilities		45.0		–		–		45.0

Reconciliation of Level 3 contingent consideration liabilities

	Level 3 Liabilities
(In millions)	Contingent Consideration
Balance at December 30, 2017	$	45.0
Payments		(17.3	)
Adjustments(1)		(26.1	)
Balance at December 29, 2018	$	1.6

(1) Adjustments primarily relate to measurement period adjustments. Refer to Note 3, "Goodwill and Other Intangibles from Business Acquisitions," for more information. Additional adjustments were recorded in "Other expense, net" in the Consolidated Statements of Income mainly as a result of Yongle Tape not achieving a certain performance objective within the prescribed period.