Fair Value (Tables)

9 Months Ended

Sep. 27, 2014

Schedule of Financial Assets And Liabilities at Fair Value

The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of September 27, 2014 and December 28, 2013 (in millions):



	September 27, 2014		December 28, 2013		Classification
Assets:
Prepaid Expenses and Other Current Assets:
Derivative Currency Contracts	$	3.6	$	8.4	Level 2
Derivative Commodity Contracts	1.3		4.7		Level 2
Investments	17.5		7.6		Level 2
Other Noncurrent Assets:
Assets Held in Rabbi Trust	5.2		5.1		Level 1
Derivative Currency Contracts	0.5		0.7		Level 2
Liabilities:
Other Accrued Expenses:
Deferred Contingent Purchase Price	—		8.3		Level 3
Hedging Obligations (current):
Interest Rate Swap	—		5.7		Level 2
Derivative Currency Contracts	3.1		3.1		Level 2
Derivative Commodity Contracts	4.7		2.5		Level 2
Hedging Obligations:
Interest Rate Swap	12.6		16.1		Level 2
Derivative Currency Contracts	1.3		0.7		Level 2
Derivative Commodity Contracts	0.1		—		Level 2
Other Noncurrent Liabilities:
Deferred Contingent Purchase Price	—		1.4		Level 3

Summary of Changes In Fair Market Value of Company's Level 3 Liabilities

The table below sets forth a summary of changes in fair market value of the Company’s Level 3 liabilities for the three months ended September 27, 2014 and September 28, 2013 (in millions):



	Three Months Ended					Nine Months Ended
	September 27, 2014		September 28, 2013			September 27, 2014			September 28, 2013
Beginning Balance	$	—	$	21.6		$	9.7		$	21.1
Valuation Adjustments	—		0.3			(1.1		)	0.8
Payments	—		(0.3		)	(8.6		)	(0.3		)
Ending Balance	$	—	$	21.6		—			21.6

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes 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 liability.

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