Fair Value Measurement (Tables)

3 Months Ended

Apr. 02, 2022

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 April 2, 2022 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	$	45,189	$	—	$	45,189	$	—
Total Assets	$	45,189	$	—	$	45,189	$	—
Liabilities:
Derivative instruments	$	15,608	$	—	$	15,608	$	—
5.25% Senior notes	510,100		—		510,100		—
3.625% Senior notes	571,532		—		571,532		—
Term loan B	199,500		—		199,500		—
Revolver debt	390,067		—		390,067		—
Total Liabilities	$	1,686,807	$	—	$	1,686,807	$	—

			Fair Value Measurements at January 1, 2022 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	$	5,031	$	—	$	5,031	$	—
Total Assets	$	5,031	$	—	$	5,031	$	—
Liabilities:
Derivative instruments	$	7,173	$	—	$	7,173	$	—
5.25% Senior notes	515,600		—		515,600		—
3.625% Senior notes	591,200		—		591,200		—
Term loan B	200,000		—		200,000		—
Revolver debt	158,400		—		158,400		—
Total Liabilities	$	1,472,373	$	—	$	1,472,373	$	—