Fair Value Measurements (Tables)

12 Months Ended

Jun. 29, 2013

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following tables summarize the valuation of the Company’s financial instruments by the above pricing categories as of June 29, 2013 and June 30, 2012 (in millions):



	Fair Value Measurements as of June 29, 2013 Using:
	Total as of June 29, 2013		Quoted Prices In Active Markets (Level 1)		Prices With Other Observable Inputs (Level 2)		Prices With Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	697.7	$	697.7	$	—	$	—
Foreign currency forward contracts, net	7.6		—		7.6		—
Funds associated with Israeli post employment benefits	16.1		—		16.1		—
Total	$	721.4	$	697.7	$	23.7	$	—
Liabilities:
Interest rate swap agreements	$	10.8	$	—	$	10.8	$	—
Contingent consideration	22.2		—		—		22.2
Total	$	33.0	$	—	$	10.8	$	22.2



	Fair Value Measurements as of June 30, 2012 Using:
	Total as of June 30, 2012		Quoted Prices In Active Markets (Level 1)		Prices With Other Observable Inputs (Level 2)		Prices With Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	479.5	$	479.5	$	—	$	—
Investment securities	6.5		—		—		6.5
Funds associated with Israeli post employment benefits	15.0		—		15.0		—
Total	$	501.0	$	479.5	$	15.0	$	6.5
Liabilities:
Contingent consideration	$	2.9	$	—	$	—	$	2.9
Interest rate swap agreements	14.7		—		14.7		—
Foreign currency forward contracts, net	5.6		—		5.6		—
Total	$	23.2	$	—	$	20.3	$	2.9

Rollforward of the Assets Measured at Fair Value Using Unobservable Inputs [Table Text Block]

The following table presents a rollforward of the assets and liabilities measured at fair value using unobservable inputs (Level 3) at June 29, 2013 (in millions):



	Investment Securities (Level 3)			Contingent Consideration (Level 3)
Balance as of June 25, 2011	$	7.5		$	—
New Level 3 item - CanAm	—			2.9
Unrealized loss on ARS	(1.0		)	—
Balance as of June 30, 2012	6.5			2.9
New Level 3 item - Fera	—			22.2
Payments	—			(2.0		)
Unrealized gain on ARS	2.2			—
Sale of ARS	(8.6		)	—
Write-off of CanAm contingent consideration	—			(0.9		)
Total as of June 29, 2013	$	—		$	22.2

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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