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Hedging Transactions And Derivative Financial Instruments (Tables)
9 Months Ended
Sep. 27, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments, Gain (Loss) [Table Text Block]
The following table summarizes the notional values as of September 27, 2019 and pretax impact of changes in the fair values of instruments designated as net investment hedges and cash flow hedges in accumulated other comprehensive income (“OCI”) for the three and nine-month periods then ended ($ in millions):
 
Notional Amount
 
Gain (Loss) Recognized in OCI
For the Three-Month Period Ended September 27, 2019:
 
 
 
Foreign currency contracts
$
1,650.0

 
$
41.5

Foreign currency denominated debt
8,073.6

 
255.2

Interest rate swaps
1,500.0

 
(55.1
)
Total
$
11,223.6

 
$
241.6

For the Nine-Month Period Ended September 27, 2019:
 
 
 
Foreign currency contracts
$
1,650.0

 
$
36.8

Foreign currency denominated debt
8,073.6

 
263.5

Interest rate swaps
1,500.0

 
(64.0
)
Total
$
11,223.6

 
$
236.3


Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]
The following table summarizes the notional values as of September 27, 2019 and pretax impact of changes in the fair values of instruments designated as net investment hedges and cash flow hedges in accumulated other comprehensive income (“OCI”) for the three and nine-month periods then ended ($ in millions):
 
Notional Amount
 
Gain (Loss) Recognized in OCI
For the Three-Month Period Ended September 27, 2019:
 
 
 
Foreign currency contracts
$
1,650.0

 
$
41.5

Foreign currency denominated debt
8,073.6

 
255.2

Interest rate swaps
1,500.0

 
(55.1
)
Total
$
11,223.6

 
$
241.6

For the Nine-Month Period Ended September 27, 2019:
 
 
 
Foreign currency contracts
$
1,650.0

 
$
36.8

Foreign currency denominated debt
8,073.6

 
263.5

Interest rate swaps
1,500.0

 
(64.0
)
Total
$
11,223.6

 
$
236.3


Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The Company’s derivative instruments, as well as its nonderivative debt instruments designated and qualifying as net investment hedges, were classified as of September 27, 2019 in the Company’s Consolidated Condensed Balance Sheet as follows ($ in millions):
Derivative assets:
 
Prepaid expenses and other current assets
$
36.8

 
 
Derivative liabilities:
 
Accrued expenses and other liabilities
64.0

 
 
Nonderivative hedging instruments:
 
Long-term debt
8,073.6