Fair value measurements (Tables)

6 Months Ended

Dec. 27, 2014

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 carried at fair value by the above pricing categories at December 27, 2014 and June 28, 2014 (in millions):



	December 27, 2014
	Level 1		Level 2		Level 3		Total
Assets:
Investment securities	$	20.0	$	—	$	—	$	20.0
Foreign currency forward contracts	—		2.4		—		2.4
Funds associated with Israeli post employment benefits	—		17.2		—		17.2
Total assets	$	20.0	$	19.6	$	—	$	39.6
Liabilities:
Contingent consideration	$	—	$	—	$	12.4	$	12.4
Interest rate swap agreements	—		5.8		—		5.8
Foreign currency forward contracts	—		45.3		—		45.3
Total liabilities	$	—	$	51.1	$	12.4	$	63.5



	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 assets	$	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 liabilities	$	—	$	9.1	$	17.4	$	26.5

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The table below presents changes in the liability measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and six months ended December 27, 2014 and December 28, 2013 (in millions):



	Three Months Ended					Six Months Ended
	December 27, 2014		December 28, 2013			December 27, 2014			December 28, 2013
Contingent Consideration
Beginning balance:	$	12.4	$	22.2		$	17.4		$	22.2
Net realized investment gains (losses) and net change in unrealized appreciation (depreciation) included in net income (loss)	—		(4.9		)	—			(4.9		)
Settlements	—		—			(5.0		)	—
Ending balance:	$	12.4	$	17.3		$	12.4		$	17.3

- 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.

+ References+ Details