Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jul. 02, 2016

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 our outstanding derivative instruments were as follows:

	Asset Derivatives
	Balance Sheet Location	Fair Value
		July 2, 2016		December 31, 2015
Designated derivatives:
Foreign currency forward contracts	Other current assets	$	2.6	$	3.8
Total designated derivatives		$	2.6	$	3.8
Non-designated derivatives:
Foreign currency forward contracts	Other current assets	$	1.7	$	1.0
Total non-designated derivatives		$	1.7	$	1.0

	Liability Derivatives
	Balance Sheet Location	Fair Value
		July 2, 2016		December 31, 2015
Designated derivatives:
Foreign currency forward contracts	Accrued liabilities	$	1.0	$	2.0
Interest rate swap agreements	Other non-current liabilities	—		0.3
Total designated derivatives		$	1.0	$	2.3
Non-designated derivatives:
Foreign currency forward contracts	Accrued liabilities	$	1.8	$	1.9
Total non-designated derivatives		$	1.8	$	1.9

Schedule of derivative instruments, effect on other comprehensive income (loss) [Table Text Block]

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

	Amount of Gain/(Loss) Recorded in OCI (Effective Portion)
	Three Months Ended						Six Months Ended
Designated Cash Flow Hedges	July 2, 2016			June 27, 2015			July 2, 2016			June 27, 2015
Interest rate swap agreements	$	—		$	(14.0	)	$	(9.0	)	$	(12.0	)
Foreign currency forward contracts	(0.3		)	2.7			1.3			(1.1		)
Total	$	(0.3	)	$	(11.3	)	$	(7.7	)	$	(13.1	)

Reclassification out of AOCI [Table Text Block]

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

		Amount of Gain/(Loss) Reclassified from AOCI to Income (Effective Portion)
		Three Months Ended						Six Months Ended
Designated Cash Flow Hedges	Income Statement Location	July 2, 2016			June 27, 2015			July 2, 2016			June 27, 2015
Treasury locks	Interest expense, net	$	—		$	(0.1	)	$	—		$	(0.1	)
Interest rate swap agreements	Interest expense, net	(0.6		)	(19.1		)	(1.1		)	(18.2		)
Foreign currency forward contracts	Net sales	0.2			2.0			0.8			1.9
	Cost of sales	0.6			(1.8		)	0.9			(4.6		)
	Interest expense, net	(0.6		)	—			(0.9		)	—
	Other expense, net	1.4			(0.2		)	1.5			(0.5		)
Total		$	1.0		$	(19.2	)	$	1.2		$	(21.5	)

Schedule of hedge ineffectiveness [Table Text Block]

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

		Amount of Gain/(Loss) Recognized in Income (Ineffective Portion)
		Three Months Ended					Six Months Ended
Designated Cash Flow Hedges	Income Statement Location	July 2, 2016			June 27, 2015		July 2, 2016			June 27, 2015
Interest rate swap agreements	Other expense, net	$	—		$	—	$	(0.1	)	$	—
Foreign currency forward contracts	Net sales	(0.1		)	—		0.1			(0.3		)
	Cost of sales	(0.1		)	0.1		—			0.1
	Other expense, net	0.6			—		0.6			—
Total		$	0.4		$	0.1	$	0.6		$	(0.2	)

Schedule of non-designated derivatives

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

		Amount of Gain/(Loss) Recognized in Income
		Three Months Ended						Six Months Ended
Non-Designated Derivatives	Income Statement Location	July 2, 2016			June 27, 2015			July 2, 2016			June 27, 2015
Foreign currency forward contracts	Other expense, net	$	(1.6	)	$	5.2		$	(8.5	)	$	(250.5	)
	Interest expense, net	(0.6		)	(1.0		)	(0.5		)	(3.5		)
Total		$	(2.2	)	$	4.2		$	(9.0	)	$	(254.0	)