Fair value measurements (Tables)

9 Months Ended

Oct. 01, 2016

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block]

The following table summarizes the valuation of our financial instruments carried at fair value and measured at fair value on a recurring and non-recurring basis by the above pricing categories (in millions):

		Fair Value
	Fair Value Hierarchy	October 1, 2016		December 31, 2015
Measured at fair value on a recurring basis:
Assets:
Investment securities	Level 1	$	53.0	$	14.9
Foreign currency forward contracts	Level 2	$	5.2	$	4.8
Liabilities:
Interest rate swap agreements	Level 2	$	—	$	0.3
Foreign currency forward contracts	Level 2	0.8		3.9
Total level 2 liabilities		$	0.8	$	4.2
Contingent consideration	Level 3	$	75.0	$	17.9
Measured at fair value on a non-recurring basis:
Assets:
Goodwill(1)	Level 3	$	1,105.4	$	—
Indefinite-lived intangible assets(2)	Level 3	672.4		1,031.8
Definite-lived intangible assets(3)	Level 3	66.9		—
Assets held for sale, net	Level 3	14.1		37.5
Total level 3 assets		$	1,858.8	$	1,069.3

Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Schedule of fair value, assets and liabilities measured on recurring and non-recurring basis [Table Text Block]

The table below presents a reconciliation for liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (in millions). Net realized losses in the table were recorded in Administrative expense.

	Three Months Ended					Nine Months Ended
	October 1, 2016			September 26, 2015		October 1, 2016			September 26, 2015
Contingent Consideration
Beginning balance	$	44.9		$	—	$	17.9		$	12.4
Net realized (gains) losses	(0.4		)	—		(4.0		)	(12.4		)
Purchases or additions	30.6			—		61.1			—
Foreign currency effect	—			—		0.1			—
Settlements	(0.1		)	—		(0.1		)	—
Ending balance	$	75.0		$	—	$	75.0		$	—