Fair Value Measurement (Tables)

6 Months Ended

Jul. 03, 2021

Fair Value Disclosures [Abstract]

Fair value measured on recurring basis

The fair value hierarchy has three levels based on the reliability of the inputs used to determine the fair value. 

			Fair Value Measurements at July 3, 2021 Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
(In thousands of dollars)	Total		(Level 1)		(Level 2)		(Level 3)
Assets:
Derivative instruments	$	13,299	$	—	$	13,299	$	—
Total Assets	$	13,299	$	—	$	13,299	$	—
Liabilities:
Derivative instruments	$	14,932	$	—	$	14,932	$	—
5.25% Senior notes	524,350		—		524,350		—
3.625% Senior notes	614,921		—		614,921		—
Term loan B	249,375		—		249,375		—
Revolver debt	41,790		—		41,790		—
Total Liabilities	$	1,445,368	$	—	$	1,445,368	$	—

			Fair Value Measurements at January 2, 2021 Using
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
(In thousands of dollars)	Total		(Level 1)		(Level 2)		(Level 3)
Assets:
Derivative instruments	$	17,358	$	—	$	17,358	$	—
Total Assets	$	17,358	$	—	$	17,358	$	—
Liabilities:
Derivative instruments	$	9,778	$	—	$	9,778	$	—
5.25% Senior notes	531,300		—		531,300		—
3.625% Senior notes	646,323		—		646,323		—
Term loan B	298,500		—		298,500		—
Revolver debt	54,175		—		54,175		—
Total Liabilities	$	1,540,076	$	—	$	1,540,076	$	—