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LONG-TERM DEBT AND FINANCING ARRANGEMENTS (Tables)
 3 Months Ended
Mar. 28, 2020
Debt Disclosure [Abstract]  
Long-Term Debt and Financing Arrangements

Long-term debt and financing arrangements at March 28, 2020 and December 28, 2019 are as follows:
 
 
 
March 28, 2020
 
December 28, 2019
(Millions of Dollars)
Interest Rate
 
Original Notional
 
Unamortized Discount
 
Unamortized Gain/(Loss) Terminated Swaps 1
 
Purchase Accounting FV Adjustment
 
Deferred Financing Fees
 
Carrying Value
 
Carrying Value 
Notes payable due 2021
3.40%
 
$
400.0

 
$
(0.1
)
 
$
5.9

 
$
—

 
$
(0.6
)
 
$
405.2

 
$
406.0

Notes payable due 2022
2.90%
 
754.3

 
(0.2
)
 
—

 
—

 
(1.6
)
 
752.5

 
752.3

Notes payable due 2026
3.40%
 
500.0

 
(0.6
)
 
—

 
—

 
(2.7
)
 
496.7

 
496.5

Notes payable due 2028
7.05%
 
150.0

 
—

 
9.0

 
8.7

 
—

 
167.7

 
168.3

Notes payable due 2028
4.25%
 
500.0

 
(0.3
)
 
—

 
—

 
(3.8
)
 
495.9

 
495.8

Notes Payable due 2030
2.30%
 
750.0

 
(2.5
)
 
—

 
—

 
(3.4
)
 
744.1

 
—

Notes payable due 2040
5.20%
 
400.0

 
(0.2
)
 
(30.1
)
 
—

 
(2.8
)
 
366.9

 
366.5

Notes payable due 2048
4.85%
 
500.0

 
(0.5
)
 
—

 
—

 
(5.3
)
 
494.2

 
494.1

Notes payable due 2060 (junior subordinated)
4.00%
 
750.0

 
—

 
—

 
—

 
(7.5
)
 
742.5

 
—

Total long-term debt, including current maturities
 
 
$
4,704.3

 
$
(4.4
)
 
$
(15.2
)
 
$
8.7

 
$
(27.7
)
 
$
4,665.7

 
$
3,179.5

Less: Current maturities of long-term debt
 
 
 
 
 
 
 
 
 
 
 
 
(3.1
)
 
(3.1
)
Long-term debt
 
 
 
 
 
 
 
 
 
 
 
 
$
4,662.6

 
$
3,176.4


1Unamortized gain/(loss) associated with interest rate swaps are more fully discussed in Note I, Financial Instruments.