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Fair Value Measurements (Tables)
 6 Months Ended
Jul. 01, 2017
Notes To Financial Statements [Abstract]  
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table presents the Company’s financial assets and liabilities that are measured at fair value on a recurring basis for each of the hierarchy levels:
(Millions of Dollars)
Total
 
Level 1
 
Level 2
 
Level 3
July 1, 2017
 
 
 
 
 
 
 
Money market fund
$
3.2

 
$
3.2

 
$
—

 
$
—

Derivative assets
$
24.1

 
$
—

 
$
24.1

 
$
—

Derivative and non-derivative liabilities
$
563.3

 
$
—

 
$
563.3

 
$
—

Contingent consideration liability
$
84.0

 
$
—

 
$
—

 
$
84.0

December 31, 2016
 
 
 
 
 
 
 
Money market fund
$
4.3

 
$
4.3

 
$
—

 
$
—

Derivative assets
$
110.2

 
$
—

 
$
110.2

 
$
—

Derivative liabilities
$
97.6

 
$
—

 
$
97.6

 
$
—
Summary of Financial Instruments Carrying and Fair Values
 
July 1, 2017
 
December 31, 2016
(Millions of Dollars)
Carrying
Value
 
Fair
Value
 
Carrying
Value
 
Fair
Value
Other investments
$
8.9

 
$
9.4

 
$
8.9

 
$
9.2

Derivative assets
$
24.1

 
$
24.1

 
$
110.2

 
$
110.2

Derivative and non-derivative liabilities
$
563.3

 
$
563.3

 
$
97.6

 
$
97.6

Long-term debt, including current portion
$
3,825.9

 
$
4,023.9

 
$
3,823.1

 
$
3,967.4