Derivatives (Tables)

6 Months Ended

Jun. 26, 2016

Schedule of Derivatives Designated as Hedging Instruments

The following tables present derivatives designated as hedging instruments:

	As of June 26, 2016									As of December 27, 2015
	Balance Sheet Classification	Notional Amount		Fair Value			Amount of Gain (Loss) Recognized In AOCI			Balance Sheet Classification	Notional Amount		Fair Value			Amount of Gain (Loss) Recognized In AOCI
	(In millions)									(In millions)
Derivatives Designated as Hedging Instruments
Derivatives for forecasted revenues	Other current assets	$	10.0	$	0.1		$	0.1		Other current assets	$	30.8	$	0.7		$	0.7
Derivatives for forecasted revenues	Other current liabilities		1.1		(0.2	)		(0.2	)	Other current liabilities		7.6		(0.1	)		(0.1	)
Derivatives for forecasted expenses	Other current assets		40.9		0.1			0.1		Other current assets		29.1		0.3			0.3
Derivatives for forecasted expenses	Other current liabilities		10.4		(0.2	)		(0.2	)	Other current liabilities		121.0		(4.3	)		(4.3	)
Total foreign exchange contract derivatives		$	62.4	$	(0.2	)	$	(0.2	)		$	188.5	$	(3.4	)	$	(3.4	)

Schedule of Derivatives Designated as Hedging Instruments - Income Statement

	For the Six Months Ended June 26, 2016						For the Six Months Ended June 28, 2015
	Amount of Gain (Loss) Recognized In Income			Amount of Gain (Loss) Reclassified from AOCI			Amount of Gain (Loss) Recognized In Income			Amount of Gain (Loss) Reclassified from AOCI
	(In millions)						(In millions)
Derivatives Designated as Hedging Instruments
Total revenue	$	(0.2	)	$	(0.2	)	$	4.1		$	4.1
Expenses		(3.5	)		(3.5	)		(3.5	)		(3.5	)
Net gain (loss) recognized in income	$	(3.7	)	$	(3.7	)	$	0.6		$	0.6

Schedule of Gain (Loss) Recognized in OCI for Derivative Instruments

	Gain (Loss) Recognized in OCI for Derivative Instruments (1)
	For the Six Months Ended June 26, 2016
	(In millions)
Foreign exchange contracts	$	3.3

(1) This amount is inclusive of both realized and unrealized gains and losses recognized in OCI.

Schedule of Derivatives Not Designated as Hedging Instruments

The following tables present derivatives not designated as hedging instruments.

	As of June 26, 2016				As of December 27, 2015
	Notional Amount		Fair Value		Notional Amount		Fair Value
	(In millions)				(In millions)
Derivatives Not Designated as Hedging Instruments
Other current assets	$	—	$	—	$	14.7	$	—
Other current liabilities		—		—		5.4		—
Total derivatives, net	$	—	$	—	$	20.1	$	—

	For the Six Months Ended
	June 26, 2016			June 28, 2015
	Amount of Gain (Loss) Recognized In Income			Amount of Gain (Loss) Recognized In Income
	(In millions)			(In millions)
Derivatives Not Designated as Hedging Instruments
Total revenue	$	—		$	0.1
Expenses		—			(0.7	)
Other expense, net		(0.6	)		—
Net loss recognized in income	$	(0.6	)	$	(0.6	)

Gross amounts of Fair Value of All Derivative Financial Instruments with Counterparties for Which Master Netting Arrangement is Utilized

The gross amounts of the derivative assets and liabilities are as follows:

	As of
	June 26, 2016			December 27, 2015
	(In millions)
Gross Assets	$	0.4		$	1.0
Gross Liabilities		(0.2	)		—
Current Assets	$	0.2		$	1.0
Gross Assets	$	—		$	—
Gross Liabilities		(0.4	)		(4.4	)
Current Liabilities	$	(0.4	)	$	(4.4	)