XML 35 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
Financial Instruments (Tables)
6 Months Ended
Dec. 28, 2013
Financial Instruments [Abstract]  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
The following table presents a rollforward of the assets and liabilities measured at fair value using unobservable inputs (Level 3) at December 28, 2013 (in millions):
 
 
Contingent Consideration (Level 3)
Balance as of June 29, 2013
$
22.2

Write-down of Fera contingent consideration
(4.9
)
Balance as of December 28, 2013
$
17.3

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following tables summarize the valuation of the Company’s financial instruments by the above pricing categories as of December 28, 2013 and June 29, 2013 (in millions):
 
 
Fair Value Measurements as of December 28, 2013 Using:
 
Total
 
Quoted Prices
In Active
Markets
(Level 1)
 
Prices With
Other
Observable
Inputs
(Level 2)
 
Prices With
Unobservable
Inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
Cash equivalents
$
109.6

 
$
109.6

 
$

 
$

Restricted cash
2.9

 
2.9

 

 

Investment securities
85.5

 
85.5

 

 

Foreign currency forward contracts
6.4

 

 
6.4

 

Funds associated with Israeli post-employment benefits
18.4

 

 
18.4

 

Total
$
222.8

 
$
198.0

 
$
24.8

 
$

Liabilities:
 
 
 
 
 
 
 
Contingent consideration
$
17.3

 
$

 
$

 
$
17.3

Foreign currency forward contracts
0.3

 

 
0.3

 

Interest rate swap agreements
9.8

 

 
9.8

 

Total
$
27.4

 
$

 
$
10.1

 
$
17.3

 
Fair Value Measurements as of June 29, 2013 Using:
 
Total
 
Quoted Prices
In Active
Markets
(Level 1)
 
Prices With
Other
Observable
Inputs
(Level 2)
 
Prices With
Unobservable
Inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
Cash equivalents
$
697.7

 
$
697.7

 
$

 
$

Foreign currency forward contracts, net
7.6

 

 
7.6

 

Funds associated with Israeli post-employment benefits
16.1

 

 
16.1

 

Total
$
721.4

 
$
697.7

 
$
23.7

 
$

Liabilities:
 
 
 
 
 
 
 
Contingent consideration
$
22.2

 
$

 
$

 
$
22.2

Interest rate swap agreements
10.8

 

 
10.8

 

Total
$
33.0

 
$

 
$
10.8

 
$
22.2