XML 19 R23.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Derivatives (Tables)
6 Months Ended
Jul. 02, 2011
Derivatives  
Fair Values Of Derivative Instruments
          Fair Value at  
    

Balance Sheet Location

   July 2, 2011      Dec. 31, 2010  

Asset derivatives not designated as hedging instruments:

        

Commodity contracts

   Other current assets    $ 2,522       $ —     

Foreign exchange contracts

   Other current assets      88         266   
     

 

 

    

 

 

 

Total asset derivatives

      $ 2,610       $ 266   
     

 

 

    

 

 

 

Liability derivatives designated as hedging instruments:

        

Commodity contracts

   Accrued expenses and other current liabilities    $  (31,600)       $  (8,900)   

Commodity contracts

   Deferred credits and other liabilities      (22,700)         (54,800)   
     

 

 

    

 

 

 

Total liability derivatives designated as hedging instruments

        (54,300)         (63,700)   

Liability derivatives not designated as hedging instruments:

        

Commodity contracts

   Accrued expenses and other current liabilities      —           (2,961)   
     

 

 

    

 

 

 

Total liability derivatives

      $  (54,300)       $  (66,661)   
     

 

 

    

 

 

 
The Effect Of Derivative Instruments On The Condensed Consolidated Statements Of Earnings

Derivatives in Cash Flow

Hedging Relationships

  

Statement of

Earnings

Location

   Amount of Gain or (Loss)
Recognized in OCI on
Derivatives (Effective Portion)
     Amount of Gain or (Loss)
Reclassified from Accumulated
OCI into Earnings

(Effective Portion)
     Amount of Gain or (Loss)
Recognized in Earnings on
Derivatives (Ineffective Portion)
 
      Three Months (13 weeks) Ended      Three Months (13 weeks) Ended      Three Months (13 weeks) Ended  
      July 2, 2011      July 3, 2010      July 2, 2011      July 3, 2010      July 2, 2011      July 3, 2010  

Commodity contracts

   Cost of products sold    $  (1,613)       $ (617)       $ (9,199)       $ (9,408)       $ —         $ 1,000   
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Derivatives in Cash Flow
Hedging Relationships

  

Statement of

Earnings

Location

   Amount of Gain or (Loss)
Recognized in OCI on
Derivatives (Effective Portion)
     Amount of Gain or (Loss)
Reclassified from Accumulated
OCI into Earnings

(Effective Portion)
     Amount of Gain or (Loss)
Recognized in Earnings on
Derivatives (Ineffective Portion)
 
      Six Months (26 weeks) Ended      Six Months (26 weeks) Ended      Six Months (26 weeks) Ended  
      July 2, 2011      July 3, 2010      July 2, 2011      July 3, 2010      July 2, 2011      July 3, 2010  

Commodity contracts

   Cost of products sold    $ (2,699)       $ (23,265)       $  (18,259)       $ (16,199)       $
 

  
 
  
   $ 1,100   
     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Derivatives Not Designated As Hedging Instruments

Derivatives Not Designated as

Hedging Instruments

  

Statement of

Earnings Location

   Amount of Gain or (Loss) Recognized in Earnings on  Derivatives  
      Three Months (13 weeks) Ended      Six Months (26 weeks) Ended  
      July 2, 2011     July 3, 2010      July 2, 2011     July 3, 2010  

Commodity contracts

   Cost of products sold    $  3,277      $  9,429       $  1,977      $  9,534   

Foreign exchange contracts

   Cost of products sold      (152     71         (592     156   
     

 

 

   

 

 

    

 

 

   

 

 

 

Total

      $ 3,125      $ 9,500       $ 1,385      $ 9,690