Fair Value Measurements (Tables)

6 Months Ended

Jul. 03, 2021

Fair Value Disclosures [Abstract]

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

The assets and liabilities carried at fair value, measured on a recurring basis, as of July 3, 2021 were as follows:

			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
Investments	$	33.9	$	27.0	$	6.9	$	—
Derivative assets		9.3		.6		8.7		—
Bank drafts		12.4		12.4		—		—
Liabilities
Cross-currency swap	$	25.2	$	—	$	25.2	$	—
Derivative liabilities		5.8		—		5.8		—
Contingent consideration liabilities		10.4		—		—		10.4

The assets and liabilities carried at fair value, measured on a recurring basis, as of January 2, 2021 were as follows:

			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
Investments	$	33.6	$	27.4	$	6.2	$	—
Derivative assets		5.2		.1		5.1		—
Bank drafts		12.8		12.8		—		—
Liabilities
Cross-currency swap	$	36.7	$	—	$	36.7	$	—
Derivative liabilities		9.5		.3		9.2		—

Summary of activity related to contingent consideration

Avery Dennison Corporation

The activity related to contingent consideration for the six months ended July 3, 2021 is shown below.

(In millions)
Acquisition	$	11.6
Payments		(1.2	)
Balance at July 3, 2021	$	10.4