Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 25, 2016

Derivative Financial Instruments (Thousands of Dollars) [Abstract]

Summary of Cash Flow Hedging Instruments

	September 25, 2016				September 27, 2015				December 27, 2015
	Notional		Fair		Notional		Fair		Notional		Fair
Hedged transaction	Amount		Value		Amount		Value		Amount		Value
Inventory purchases	$	1,045,400		23,662		1,122,827		124,422		1,380,488		108,521
Sales		318,283		(559)		213,841		(3,352)		97,350		803
Royalties and Other		233,367		(4,111)		57,360		(2,512)		54,360		(1,886)
Total	$	1,597,050		18,992		1,394,028		118,558		1,532,198		107,438

Derivatives Fair Value by Balance Sheet Location

	September 25,		September 27,		December 27,
	2016		2015		2015
Prepaid expenses and other current assets
Unrealized gains	$	34,179		81,718		78,910
Unrealized losses		(9,247)		(9,717)		(5,932)
Net unrealized gain	$	24,932		72,001		72,978
Other assets
Unrealized gains	$	20,974		48,111		35,366
Unrealized losses		(7,524)		(989)		(710)
Net unrealized gains	$	13,450		47,122		34,656
Accrued liabilities
Unrealized gains	$	4,352		62		-
Unrealized losses		(19,420)		(566)		-
Net unrealized loss	$	(15,068)		(504)		-
Other liabilities
Unrealized gains	$	992		-		241
Unrealized losses		(5,314)		(61)		(437)
Net unrealized loss	$	(4,322)		(61)		(196)

Schedule of Derivative Instruments, Gain (Loss) in Statement of Operations

	Quarter Ended				Nine Months Ended
	September 25,		September 27,		September 25,		September 27,
	2016		2015		2016		2015
Statements of Operations Classification
Cost of sales	$	13,863		19,244		40,999		41,990
Sales		7,125		(4,507)		7,541		(8,506)
Other		(1,505)		(377)		(2,236)		(322)
Net realized gains	$	19,483		14,360		46,304		33,162

Fair values of undesignated derivative financial instruments

	September 25,		September 27,		December 27,
	2016		2015		2015
Prepaid expenses and other current assets
Unrealized gains	$	812		93		-
Unrealized losses		(79)		-		-
Net unrealized gain		733		93		-
Accrued liabilities
Unrealized gains		-		360		416
Unrealized losses		-		(493)		(1,460)
Net unrealized loss		-		(133)		(1,044)
Total unrealized gain (loss), net	$	733		(40)		(1,044)