Fair Value Measurement (Tables)

9 Months Ended

Oct. 02, 2021

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring and Nonrecurring 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 October 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	$	5,645	$	—	$	5,645	$	—
Total Assets	$	5,645	$	—	$	5,645	$	—
Liabilities:
Derivative instruments	$	8,516	$	—	$	8,516	$	—
5.25% Senior notes	520,000		—		520,000		—
3.625% Senior notes	606,854		—		606,854		—
Term loan B	200,000		—		200,000		—
Revolver debt	32,505		—		32,505		—
Total Liabilities	$	1,367,875	$	—	$	1,367,875	$	—

			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	$	—