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 October 1, 2016 and January 2, 2016 were as follows:

October 1, 2016

January 2, 2016

Carrying

Fair

Carrying

Fair

(in millions of U.S. dollars)

Value

6.750% senior notes due in 2020 ^{1, 3}

614.9

651.6

613.0

641.4

10.000% senior notes due in 2021 ^{1, 2}

385.7

390.3

390.1

397.3

5.375% senior notes due in 2022 ^{1, 3}

517.6

540.8

516.8

522.4

5.500% senior notes due in 2024 ^{1, 3}

494.4

531.6

—

Total

2,012.6

2,114.3

1,519.9

1,561.1

^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 $350.0 million of our DSS Notes was assumed by Cott at a fair value of $406.0 million in connection with Cott’s acquisition of DSS. 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. The remaining unamortized premium is $35.7 million and $40.1 million at October 1, 2016 and January 2, 2016, respectively.

^3.	The carrying value of our significant outstanding debt is net of unamortized debt issuance costs of $27.8 million and $20.6 million as of October 1, 2016 and January 2, 2016, respectively.