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Derivative financial instruments (Tables)
 3 Months Ended
Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of net investment hedging instruments recognized in OCI
The following table sets out the fair value loss recognized in OCI in relation to the instruments designated as net investment hedging instruments:
 
Three months ended
(dollars in millions)
March 31, 2018
 
April 1, 2017
Net fair value loss recognized in OCI in relation to:
 
 
 
—Euro-denominated debt
$
(15.2
)
 
$
(12.0
)
—Designated cross currency swaps
(5.7
)
 
(5.9
)
Total net fair value loss
$
(20.9
)
 
$
(17.9
)
Schedule of fair values of derivative financial instruments
The fair values of derivative financial instruments held by Gates were as follows:
 
As of March 31, 2018
 
As of December 30, 2017
(dollars in millions)
Prepaid expenses and other assets
 
Other non-
current
assets
 
Accrued expenses and other
current
liabilities
 
Other
non-
current
liabilities
 
Net
 
Prepaid expenses and other assets
 
Other non-
current
assets
 
Accrued expenses and other
current
liabilities
 
Other non-
current
liabilities
 
Net
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
—Currency swaps
$
5.5

 
$
—

 
$
—

 
$
(51.1
)
 
$
(45.6
)
 
$
3.2

 
$
—

 
$
—

 
$
(42.1
)
 
$
(38.9
)
—Interest rate caps
2.0

 
4.3

 
(0.7
)
 
—

 
5.6

 
—

 
0.6

 
(3.8
)
 
(2.4
)
 
(5.6
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
—Currency swaps
0.2

 
—

 
—

 
—

 
0.2

 
—

 
—

 
—

 
—

 
—

—Currency forward contracts
0.6

 
—

 
(1.0
)
 
—

 
(0.4
)
 
0.5

 
—

 
(1.6
)
 
—

 
(1.1
)
 
$
8.3


$
4.3


$
(1.7
)

$
(51.1
)

$
(40.2
)

$
3.7


$
0.6


$
(5.4
)

$
(44.5
)

$
(45.6
)