FINANCIAL INSTRUMENTS (Tables) - Other Derivatives

12 Months Ended

Jan. 01, 2022

Fair value and balance sheet locations of derivatives

The following table shows the fair value and balance sheet locations of other derivatives as of January 1, 2022 and January 2, 2021:

	Asset					Liability
(In millions)	Balance Sheet Location	2021		2020		Balance Sheet Location	2021		2020
Foreign exchange contracts	Other current assets	$	6.3	$	5.1	Other current liabilities	$	2.9	$	8.4
Commodity contracts	Other current assets		–		.1	Other current liabilities		–		.1
		$	6.3	$	5.2		$	2.9	$	8.5

Components of the net gains (losses) recognized in income related to other derivative instruments, which are not designated as hedging instruments

The following table shows the components of the net gains (losses) recognized in income related to these derivative instruments:

(In millions)	Statements of          Income Location		2021		2020			2019
Foreign exchange contracts	Cost of products sold	$	1.4	$	1.9		$	(1.5	)
Foreign exchange contracts	Marketing, general and administrative expense		21.0		(14.2	)		3.5
		$	22.4	$	(12.3	)	$	2.0