v3.25.1
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 29, 2025
Fair Value Disclosures [Abstract]  
Schedule of 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 1Level 2Level 3
March 29, 2025
Money market fund$16.2 $16.2 $ $ 
Deferred compensation plan investments$14.4 $14.4 $ $ 
Derivative assets$16.1 $ $16.1 $ 
Derivative liabilities$16.0 $ $16.0 $ 
Non-derivative hedging instrument$215.7 $ $215.7 $ 
Contingent consideration liability$161.5 $ $ $161.5 
December 28, 2024
Money market fund$14.2 $14.2 $— $— 
Deferred compensation plan investments$17.0 $17.0 $— $— 
Derivative assets$32.6 $— $32.6 $— 
Derivative liabilities$11.8 $— $11.8 $— 
Contingent consideration liability$167.4 $— $— $167.4 
Schedule of Financial Assets and Liabilities Not Carried at Fair Value
The following table provides information about the Company's financial assets and liabilities not carried at fair value:
 March 29, 2025December 28, 2024
(Millions of Dollars)Carrying
Value
Fair
Value
Carrying
Value
Fair
Value
Other investments$2.0 $1.9 $4.0 $3.9 
Long-term debt, including current portion$5,604.6 $5,099.5 $6,103.0 $5,548.8