Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Mar. 28, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The balance sheet location and gross fair value of the Company's outstanding derivative instruments at March 28, 2015 and June 28, 2014 were as follows:

	Asset Derivatives
	Balance Sheet Location	Fair Value
		March 28, 2015		June 28, 2014
Designated derivatives:
Foreign currency forward contracts	Other current assets	$	3.1	$	2.8
Total designated derivatives		$	3.1	$	2.8
Non-designated derivatives:
Foreign currency forward contracts	Other current assets	$	1.8	$	0.3
Total non-designated derivatives		$	1.8	$	0.3

	Liability Derivatives
	Balance Sheet Location	Fair Value
		March 28, 2015		June 28, 2014
Designated derivatives:
Foreign currency forward contracts	Accrued liabilities	$	2.0	$	0.7
Interest rate swap agreements	Other non-current liabilities	5.0		8.3
Total designated derivatives		$	7.0	$	9.0
Non-designated derivatives:
Foreign currency forward contracts	Accrued liabilities	$	6.1	$	0.1
Total non-designated derivatives		$	6.1	$	0.1

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]

The gains (losses) recognized in OCI for the effective portion of the Company's designated cash flow hedges were as follows:

	Amount of Gain/(Loss) Recorded in OCI (Effective Portion)
	Three Months Ended						Nine Months Ended
Designated Cash Flow Hedges	March 28, 2015			March 29, 2014			March 28, 2015			March 29, 2014
Treasury locks	$	—		$	—		$	(2.7	)	$	—
Interest rate swap agreements	2.0			(2.1		)	3.9			9.0
Foreign currency forward contracts	(3.8		)	1.0			(10.4		)	6.6
	$	(1.8	)	$	(1.1	)	$	(9.2	)	$	15.6

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

The gains (losses) reclassified from AOCI into earnings for the effective portion of the Company's designated cash flow hedges were as follows:

Designated Cash Flow Hedges	Income Statement Location	Amount of Gain/(Loss) Reclassified from AOCI to Income (Effective Portion)
		Three Months Ended					Nine Months Ended
		March 28, 2015			March 29, 2014		March 28, 2015			March 29, 2014
Treasury locks	Interest expense, net	$	—		$	—	$	—		$	0.2
Interest rate swap agreements	Interest expense, net	0.8			0.9		2.7			3.0
Foreign currency forward contracts	Net sales	(0.1		)	0.8		—			2.0
	Cost of sales	(2.8		)	2.7		(2.4		)	5.5
	Interest expense, net	—			—		—			0.1
	Other expense, net	(0.4		)	0.2		(4.3		)	1.9
		$	(2.5	)	$	4.6	$	(4.0	)	$	12.7

Schedule of hedge ineffectiveness [Table Text Block]

The gains (losses) recognized against earnings for the ineffective portion of the Company's designated cash flow hedges were as follows:

Designated Cash Flow Hedges	Income Statement Location	Amount of Gain/(Loss) Recognized in Income (Ineffective Portion)
		Three Months Ended						Nine Months Ended
		March 28, 2015			March 29, 2014			March 28, 2015			March 29, 2014
Treasury locks	Other expense, net	$	—		$	—		$	(0.4	)	$	2.3
Interest rate swap agreements	Other expense, net	—			—			(0.7		)	(5.4		)
Foreign currency forward contracts	Net sales	—			0.2			(0.1		)	0.1
	Cost of sales	(0.1		)	(0.2		)	0.1			(0.3		)
Total		$	(0.1	)	$	—		$	(1.1	)	$	(3.3	)

Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The effects of the Company's fair value hedges on the Condensed Consolidated Statements of Operations were as follows:

Designated Fair Value Hedges	Income Statement Location	Amount of Gain/(Loss) Recognized in Income
		Three Months Ended				Nine Months Ended
		March 28, 2015		March 29, 2014		March 28, 2015		March 29, 2014
Interest rate swap agreements	Other expense, net	$	—	$	—	$	—	$	0.9
Fixed-rate debt	Other expense, net	—		—		—		(4.1		)
Net hedge		$	—	$	—	$	—	$	(3.2	)

Schedule of non-designated derivatives

The effects of the Company's non-designated derivatives on the Condensed Consolidated Statements of Operations were as follows:

Non-Designated Derivatives	Income Statement Location	Amount of Gain/(Loss) Recognized in Income
		Three Months Ended						Nine Months Ended
		March 28, 2015			March 29, 2014			March 28, 2015			March 29, 2014
Foreign currency forward contracts	Other expense, net	$	(255.7	)	$	(0.8	)	$	(300.6	)	$	(0.4	)
	Interest expense, net	(2.5		)	(0.1		)	(2.4		)	0.1
Foreign exchange option contracts	Other expense, net	—			—			(26.4		)	—
Total		$	(258.2	)	$	(0.9	)	$	(329.4	)	$	(0.3	)