Fair Value Measurements (Tables)

12 Months Ended

Jun. 28, 2014

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables summarize the valuation of the Company’s financial instruments carried at fair value by the above pricing categories as of June 28, 2014 and June 29, 2013 (in millions):



	June 28, 2014
	Level 1		Level 2		Level 3		Total
Assets:
Investment securities	$	20.7	$	—	$	—	$	20.7
Foreign currency forward contracts	—		3.1		—		3.1
Funds associated with Israeli post employment benefits	—		19.3		—		19.3
Total	$	20.7	$	22.4	$	—	$	43.1
Liabilities:
Contingent consideration	$	—	$	—	$	17.4	$	17.4
Interest rate swap agreements	—		8.3		—		8.3
Foreign currency forward contracts	—		0.8		—		0.8
Total	$	—	$	9.1	$	17.4	$	26.5



	June 29, 2013
	Level 1		Level 2		Level 3		Total
Assets:
Foreign currency forward contracts	$	—	$	8.0	$	—	$	8.0
Funds associated with Israeli post-employment benefits	—		16.1		—		16.1
Total	$	—	$	24.1	$	—	$	24.1
Liabilities:
Contingent consideration	$	—	$	—	$	22.2	$	22.2
Interest rate swap agreements	—		10.8		—		10.8
Foreign currency forward contracts	—		0.4		—		0.4
Total	$	—	$	11.2	$	22.2	$	33.4

Rollforward of the Assets Measured at Fair Value Using Unobservable Inputs

The tables below present a reconciliation for assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for years ended June 28, 2014 and June 29, 2013 (in millions).



	Balance at June 29, 2013		Net realized investment gains (losses) and net change in unrealized appreciation (depreciation) included in net income (loss)		Net change in unrealized appreciation (depreciation) included in other comprehensive income (loss)		Purchases or Additions		Sales		Settlements			Balance at June 28, 2014
Liabilities:
Contingent Consideration	$	22.2	$	1.1	$	—	$	0.8	$	—	$	(6.7	)	$	17.4



	Balance at June 30, 2012		Net realized investment gains (losses) and net change in unrealized appreciation (depreciation) included in net income (loss)			Net change in unrealized appreciation (depreciation) included in other comprehensive income (loss)		Purchases or Additions		Sales			Settlements			Balance at June 29, 2013
Assets:
Investment securities	$	6.5	$	—		$	2.2	$	—	$	(8.6	)	$	—		$	—
Liabilities:
Contingent Consideration	2.9		(0.9		)	—		22.2		—			(2.0		)	22.2

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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