FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 28, 2025

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 1		Level 2		Level 3
June 28, 2025
Money market fund	$	15.8	$	15.8	$	—	$	—
Deferred compensation plan investments	$	15.4	$	15.4	$	—	$	—
Derivative assets	$	17.3	$	—	$	17.3	$	—
Derivative liabilities	$	71.1	$	—	$	71.1	$	—
Non-derivative hedging instrument	$	555.1	$	—	$	555.1	$	—
Contingent consideration liability	$	149.8	$	—	$	—	$	149.8
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:


	June 28, 2025				December 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	$	5,607.4	$	5,082.3	$	6,103.0	$	5,548.8