Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 25, 2011

Derivative Financial Instruments (Thousands of Dollars) [Abstract]

Summary of Cash Flow Hedging Instruments

	Sept. 25, 2011		Sept. 26, 2010		Dec. 26, 2010
	---------------		---------------		---------------
Hedged transaction	Notional   Amount	Fair Value	Notional   Amount	Fair Value	Notional   Amount	Fair Value
----------------------------	--------------	----------	-------------	-----------	------------	----------
Inventory purchases	$ 500,863	965	705,906	(4)	593,953	11,074
Intercompany royalty transactions	164,456	1,616	233,358	2,867	179,308	5,344
Sales	53,310	242	-	-	-	-
Other	6,957	5	24,853	441	17,047	533
	------------	-----------	------------	----------	------------	----------
Total	$ 725,586	2,828	964,117	3,304	790,308	16,951
	=======	======	=======	======	=======	======

Derivatives Fair Value by Balance Sheet Location

The Company has a master agreement with each of its counterparties that allows for the netting of outstanding forward contracts. The fair values of the Company’s foreign currency forward contracts designated as cash flow hedges are recorded in the consolidated balance sheets at September 25, 2011, September 26, 2010 and December 26, 2010 as follows:

	Sept. 25, 2011	Sept. 26, 2010	Dec. 26, 2010
	-------------------	-------------------	-------------------
Prepaid expenses and other current assets
-----------------------------------------------------------
Unrealized gains	$    15,313	20,528	24,710
Unrealized losses	(4,936)	(11,779)	(9,229)
	------------	------------	------------
Net unrealized gain	10,377	8,749	15,481
	------------	------------	------------
Other assets
---------------------
Unrealized gains	1,913	7,501	4,403
Unrealized losses	-	(12,946)	(2,933)
	------------	------------	------------
Net unrealized gain (loss)	1,913	(5,445)	1,470
	------------	------------	------------
Total asset derivatives	$    12,290	3,304	16,951
	=======	=======	=======
Accrued expenses and other liabilities
-----------------------------------------------------------
Unrealized gains	$         415	-	-
Unrealized losses	(3,712)	-	-
	------------	------------	------------
Net unrealized loss	(3,297)	-	-
	------------	------------	------------
Other long-term liabilities
-------------------------------------
Unrealized gains	739	-	-
Unrealized losses	(6,904)	-	-
	------------	------------	------------
Net unrealized loss	(6,165)	-	-
	------------	------------	------------
Total liability derivatives	$    (9,462)      =======	-        =======	-        =======

At September 25, 2011, the fair values of the Company’s undesignated derivative financial instruments were recorded in prepaid expenses and other current assets as follows and at September 26, 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:

	Sept. 25, 2011	Sept. 26, 2011	Dec. 26, 2010
	---------	---------	---------
Unrealized gains	$  3,234	32	27
Unrealized losses	(1,034)	(431)	(827)
	---------	---------	---------
Net unrealized gain (loss)	$  2,200	(399)	(800)
	=====	=====	=====