FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Oct. 02, 2021

Fair Value Disclosures [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 Carrying Value		Level 1		Level 2		Level 3
October 2, 2021
Money market fund	$	29.7	$	29.7	$	—	$	—
Equity Security	$	18.6	$	18.6	$	—	$	—
Derivative assets	$	29.6	$	—	$	29.6	$	—
Derivative liabilities	$	69.2	$	—	$	69.2	$	—
Contingent consideration liability	$	189.3	$	—	$	—	$	189.3
January 2, 2021
Money market fund	$	10.3	$	10.3	$	—	$	—
Derivative assets	$	14.0	$	—	$	14.0	$	—
Derivative liabilities	$	191.0	$	—	$	191.0	$	—
Contingent consideration liability	$	187.0	$	—	$	—	$	187.0

Summary of Financial Instruments Carrying and Fair Values

The following table provides information about the Company's financial assets and liabilities not carried at fair value:

	October 2, 2021				January 2, 2021
(Millions of Dollars)	Carrying Value		Fair Value		Carrying Value		Fair Value
Other investments	$	11.2	$	11.7	$	13.3	$	13.9
Long-term debt	$	4,246.9	$	4,828.7	$	4,245.4	$	4,934.5