Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Apr. 02, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The balance sheet location and gross fair value of our outstanding derivative instruments were as follows:

	Asset Derivatives
	Balance Sheet Location	Fair Value
		April 2, 2016		December 31, 2015
Designated derivatives:
Foreign currency forward contracts	Other current assets	$	4.5	$	3.8
Total designated derivatives		$	4.5	$	3.8
Non-designated derivatives:
Foreign currency forward contracts	Other current assets	$	4.9	$	1.0
Total non-designated derivatives		$	4.9	$	1.0

	Liability Derivatives
	Balance Sheet Location	Fair Value
		April 2, 2016		December 31, 2015
Designated derivatives:
Foreign currency forward contracts	Accrued liabilities	$	1.7	$	2.0
Interest rate swap agreements	Other non-current liabilities	—		0.3
Total designated derivatives		$	1.7	$	2.3
Non-designated derivatives:
Foreign currency forward contracts	Accrued liabilities	$	1.7	$	1.9
Total non-designated derivatives		$	1.7	$	1.9

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

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
Designated Cash Flow Hedges	April 2, 2016			March 28, 2015
Interest rate swap agreements	$	(9.0	)	$	2.0
Foreign currency forward contracts	1.6			(3.8		)
Total	$	(7.4	)	$	(1.8	)

Reclassification out of Accumulated Other Comprehensive Income

The gains (losses) reclassified from Accumulated Other Comprehensive Income (Loss) ("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
Designated Cash Flow Hedges	Income Statement Location	April 2, 2016			March 28, 2015
Interest rate swap agreements	Interest expense, net	$	(0.5	)	$	0.8
Foreign currency forward contracts	Net sales (restated)	0.5			(0.9		)
	Cost of sales	0.3			(2.8		)
	Interest expense, net	(0.4		)	—
	Other expense, net (restated)	0.2			0.4
Total		$	0.1		$	(2.5	)

Schedule of hedge ineffectiveness

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
Designated Cash Flow Hedges	Income Statement Location	April 2, 2016			March 28, 2015
Interest rate swap agreements	Other expense, net	$	(0.1	)	$	—
Foreign currency forward contracts	Net sales	(0.1		)	—
	Cost of sales	0.1			(0.1		)
Total		$	(0.1	)	$	(0.1	)

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
Non-Designated Derivatives	Income Statement Location	April 2, 2016			March 28, 2015
Foreign currency forward contracts	Other expense, net	$	(6.9	)	$	(255.7	)
	Interest expense, net	0.1			(2.5		)
Total		$	(6.8	)	$	(258.2	)