The carrying amounts reflected in the Consolidated Balance Sheets for cash and cash equivalents, receivables, payables, short-term borrowings and long-term debt approximate their respective fair values, except as otherwise indicated. The carrying values and estimated fair values of our significant outstanding debt as of January 2, 2016 and January 3, 2015 were as follows:


	January 2, 2016				January 3, 2015
	Carrying		Fair		Carrying		Fair
(in millions of U.S. dollars)	Value		Value		Value		Value
6.750% senior notes due in 2020 ^1,3	$	613.0	$	641.4	$	610.8	$	630.1
10.000% senior notes due in 2021 ^1,2		390.1		397.3		405.6		403.4
5.375% senior notes due in 2022 ^1,3		516.8		522.4		516.2		481.7

Total	$	1,519.9	$	1,561.1	$	1,532.6	$	1,515.2

^1.	The fair values were based on the trading levels and bid/offer prices observed by a market participant and are considered Level 1 financial instruments.

^2.

The outstanding aggregate principal amount of the DSS Notes of $350.0 million was assumed by Cott at fair value of $406.0 million in connection with the DSS Acquisition. The premium of $56.0 million is being amortized as an adjustment to interest expense using the effective interest method over the remaining contractual term of the DSS Notes.

^3.	Carrying value of our significant outstanding debt is net of unamortized debt issuance costs as of January 2, 2016 and January 3, 2015 (see Note 15 to the Consolidated Financial Statements).