Fair Value Of Financial Instruments (Tables)

9 Months Ended

Sep. 27, 2013

Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]

Fair Value Of Assets And Liabilities Measured On Recurring Basis

The following table summarizes the Company's financial assets and liabilities measured at fair value on a recurring basis as of September 27, 2013 and December 31, 2012 (in millions):

	Balance as of September 27, 2013		Quoted Prices in Active Markets (Level 1)		Balance as of December 31, 2012		Quoted Prices in Active Markets (Level 1)
Description
Assets:
Cash and cash equivalents:
Demand and time deposits	$	306.4	$	306.4	$	385.9	$	385.9
Money market funds	63.1		63.1		—		—
Treasuries	—		—		100.7		100.7
Corporate bonds	—		—		0.3		0.3
Other Current Assets
Foreign currency exchange contracts	$	—	$	—	$	3.2	$	3.2
Liabilities:
Foreign currency exchange contracts	$	0.1	$	0.1	$	—	$	—

Held-to-maturity Securities

Short-term investments classified as held-to-maturity as of the quarters ended September 27, 2013 and December 31, 2012, respectively, were as follows (in millions):

	Balance at September 27, 2013							Balance at December 31, 2012
	Carried at Amortized Cost		Unrealized Gain/(Loss)			Fair Value		Carried at Amortized Cost		Unrealized Gain/(Loss)			Fair Value
Short-term investments held-to-maturity
Commercial paper	$	58.1	$	—		$	58.1	$	25.5	$	—		$	25.5
Corporate bonds	118.9		(0.1		)	118.8		119.3		(0.1		)	119.2
Government agencies	7.1		—			7.1		—		—			—
	$	184.1	$	(0.1	)	$	184.0	$	144.8	$	(0.1	)	$	144.7

Fair Value, by Balance Sheet Grouping

The carrying amounts and fair values of the Company’s long-term borrowings (excluding capital lease obligations, real estate mortgages and equipment financing) at September 27, 2013 and December 31, 2012 are as follows (in millions):

	September 27, 2013				December 31, 2012
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Long-term debt, including current portion
Convertible Notes	$	405.1	$	458.1	$	473.1	$	530.9
Long-term debt	$	395.4	$	375.9	$	403.9	$	380.6

Fair Value of the Company's Financial Assets, Nonrecurring

The following table shows the fair value of certain of the Company's non-financial assets included in its Consolidated Balance Sheet at September 27, 2013 and December 31, 2012 that were remeasured at fair value on a nonrecurring basis (in millions):

	Fair Value
	September 27, 2013		December 31, 2012
Nonrecurring fair value measurements
Property, plant and equipment (Level 3)	$	8.9	$	134.1
Intangible assets (Level 3)	—		8.2
	$	8.9	$	142.3

The following table shows the adjustments to fair value of certain of the Company's non-financial assets that had an impact on the Company's results of operations during the quarters and nine months ended September 27, 2013 and September 28, 2012 (in millions):

	Quarter Ended				Nine Months Ended
	September 27, 2013		September 28, 2012		September 27, 2013		September 28, 2012
Nonrecurring fair value measurements
Losses on property, plant and equipment held for use or disposal (Level 3)	$	2.9	$	—	$	3.5	$	2.1