Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 26, 2011

Derivative Financial Instruments (Thousands of Dollars) [Abstract]

Summary of Cash Flow Hedging Instruments

	June 26, 2011		June 27, 2010		Dec. 26, 2010
	---------------		---------------		---------------
Hedged transaction	Notional   Amount	Fair Value	Notional   Amount	Fair Value	Notional   Amount	Fair Value
----------------------------	--------------	----------	-------------	-----------	------------	----------
Inventory purchases	$ 607,076	(22,801)	468,389	38,204	593,953	11,074
Intercompany royalty transactions	185,568	(5,650)	167,786	16,597	179,308	5,344
Other	13,768	221	26,601	(216)	17,047	533
	------------	----------	------------	----------	------------	----------
Total	$ 806,412	(28,230)	662,776	54,585	790,308	16,951
	=======	======	=======	======	=======	======

Derivatives Fair Value by Balance Sheet Location

The fair values of the Company’s foreign currency forward contracts designated as cash flow hedges are recorded in the consolidated balance sheets at June 26, 2011, June 27, 2010 and December 26, 2010 as follows:

	June 26, 2011	June 27, 2010	Dec. 26, 2010
	-------------------	-------------------	-------------------
Prepaid expenses and other current assets
-----------------------------------------------------------
Unrealized gains	$         -	37,233	24,710
Unrealized losses	-	(2,751)	(9,229)
	------------	------------	------------
Net unrealized gain	-	34,482	15,481
	------------	------------	------------
Other assets
---------------------
Unrealized gains	-	20,398	4,403
Unrealized losses	-	(295)	(2,933)
	------------	------------	------------
Net unrealized gain	-	20,103	1,470
	------------	------------	------------
Total asset derivatives	$              -	54,585	16,951
	=======	=======	=======
Accrued expenses and other liabilities
-----------------------------------------------------------
Unrealized gains	$      9,695	-	-
Unrealized losses	(20,801)	-	-
	------------	------------	------------
Net unrealized loss	(11,106)	-	-
	------------	------------	------------
Other long-term liabilities
-------------------------------------
Unrealized gains	1,041	-	-
Unrealized losses	(18,165)	-	-
	------------	------------	------------
Net unrealized loss	(17,124)	-	-
	------------	------------	------------
Total liability derivatives	$    (28,230) =======	-   =======	-   =======

At June 26, 2011, June 27, 2010 and December 26, 2010, the fair values of the Company’s undesignated derivative financial instruments were recorded in accrued expenses and other liabilities as follows:

	June 26, 2011	June 27, 2010	Dec. 26, 2010
	---------	---------	---------
Unrealized gains	$  1,675	49	27
Unrealized losses	(124)	(51)	(827)
	--------	---------	---------
Net unrealized gain (loss)	$  1,551	(2)	(800)
	=====	=====	=====