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Derivative Instruments (Tables)
 6 Months Ended
Jul. 02, 2016
Derivative [Line Items]  
Schedule Of Fair Values Of Derivative Instruments
Fair values of derivative instruments as of July 2, 2016 and January 2, 2016 were (in millions):

 
July 2, 2016
 
Prepaid
Expenses and Other Current Assets
 
Other
Noncurrent
Assets
 
Hedging
Obligations
(current)
 
Hedging
Obligations (non-current)
Designated as hedging instruments:
 
 
 
 
 
 
 
Interest rate swap contracts
$
—

 
$
—

 
$
—

 
$
6.0

Currency contracts
0.6

 
0.3

 
31.9

 
16.2

Commodity contracts
1.4

 
0.2

 
1.8

 
—

Not designated as hedging instruments:
 
 
 
 
 
 
 
Currency contracts
1.2

 
—

 
0.4

 
—

Commodity contracts
1.8

 
—

 
1.7

 
—

Total Derivatives
$
5.0

 
$
0.5

 
$
35.8

 
$
22.2

 
 
January 2, 2016
 
Prepaid
Expenses and Other Current Assets
 
Other
Noncurrent
Assets
 
Hedging
Obligations
(current)
 
Hedging
Obligations (non-current)
Designated as hedging instruments:
 
 
 
 
 
 
 
Interest rate swap contracts
$
—

 
$
—

 
$
—

 
$
7.8

Currency contracts
0.7

 
0.4

 
29.9

 
19.5

Commodity contracts
0.1

 
—

 
8.7

 
—

Not designated as hedging instruments:
 
 
 
 
 
 
 
Currency contracts
0.5

 
0.6

 
0.9

 
0.3

Commodity contracts
5.1

 
—

 
5.2

 
—

Total Derivatives
$
6.4

 
$
1.0

 
$
44.7

 
$
27.6
Schedule Of Derivatives Under Enforceable Master Netting Agreements
The following table presents the derivative assets and derivative liabilities presented on a net basis under enforceable master netting agreements (in millions):
 
July 2, 2016
 
Gross Amounts as Presented in the Condensed Consolidated Balance Sheet
 
Derivative Contract Amounts Subject to Right of Offset
 
Derivative Contracts as Presented on a Net Basis
Prepaid Expenses and Other Current Assets:
 
 
 
 
 
Derivative Currency Contracts
$
1.8

 
$
(1.4
)
 
$
0.4

Derivative Commodity Contracts
3.2

 
(3.0
)
 
0.2

Other Noncurrent Assets:
 
 
 
 
 
Derivative Currency Contracts
0.3

 
(0.2
)
 
0.1

Derivative Commodity Contracts
0.2

 
—

 
0.2

Hedging Obligations (Current):
 
 
 
 
 
Derivative Currency Contracts
32.3

 
(1.4
)
 
30.9

Derivative Commodity Contracts
3.5

 
(3.0
)
 
0.5

Hedging Obligations:
 
 
 
 
 
Derivative Currency Contracts
16.2

 
(0.2
)
 
16.0

 
January 2, 2016
 
Gross Amounts as Presented in the Condensed Consolidated Balance Sheet
 
Derivative Contract Amounts Subject to Right of Offset
 
Derivative Contracts as Presented on a Net Basis
Prepaid Expenses and Other Current Assets:
 
 
 
 
 
Derivative Currency Contracts
$
1.2

 
$
(1.2
)
 
$
—

Derivative Commodity Contracts
5.2

 
(5.2
)
 
—

Other Noncurrent Assets:
 
 
 
 
 
Derivative Currency Contracts
1.0

 
(1.0
)
 
—

Hedging Obligations (Current):
 
 
 
 
 
Derivative Currency Contracts
30.8

 
(1.2
)
 
29.6

Derivative Commodity Contracts
13.9

 
(5.2
)
 
8.7

Hedging Obligations:
 
 
 
 
 
Derivative Currency Contracts
19.8

 
(1.0
)
 
18.8
Designated as hedging instruments:  
Derivative [Line Items]  
Schedule Of Cash Flow Hedging Instruments
The effect of derivative instruments on the Condensed Consolidated Statements of Income and Comprehensive Income (pre-tax) was as follows (in millions):

Derivatives Designated as Cash Flow Hedging Instruments
 
 
Three Months Ended
 
July 2, 2016
 
July 4, 2015
 
Commodity
Forwards
 
Currency
Forwards
 
Interest
Rate
Swaps
 
Total
 
Commodity
Forwards
 
Currency
Forwards
 
Interest
Rate
Swaps
 
Total
Gain (Loss) recognized in Other Comprehensive Income (Loss)
$
0.7

 
$
(18.2
)
 
$
(0.3
)
 
$
(17.8
)
 
$
(2.9
)
 
$
(10.4
)
 
$
0.1

 
$
(13.2
)
Amounts reclassified from Other Comprehensive Income (Loss):
 
 
 
 
 
 
 
 


 


 


 


Gain recognized in Net Sales
—

 
—

 
—

 
—

 
—

 
0.1

 
—

 
0.1

 Loss recognized in Cost of Sales
(4.3
)
 
(6.7
)
 
—

 
(11.0
)
 
(6.6
)
 
(3.2
)
 
—

 
(9.8
)
Loss recognized in Interest Expense
—

 
—

 
(1.3
)
 
(1.3
)
 
—

 
—

 
(1.3
)
 
(1.3
)

 
Six Months Ended
 
July 2, 2016
 
July 4, 2015
 
Commodity
Forwards
 
Currency
Forwards
 
Interest
Rate
Swaps
 
Total
 
Commodity
Forwards
 
Currency
Forwards
 
Interest
Rate
Swaps
 
Total
Gain (Loss) recognized in Other Comprehensive Income (Loss)
$
2.1

 
$
(15.6
)
 
$
(0.7
)
 
$
(14.2
)
 
$
(7.5
)
 
$
(11.1
)
 
$
(0.9
)
 
$
(19.5
)
Amounts reclassified from Other Comprehensive Income (Loss):
 
 
 
 
 
 


 


 


 


 
 
Gain recognized in Net Sales
—

 
—

 
—

 
—

 
—

 
0.1

 
—

 
0.1

 Loss recognized in Cost of Sales
(9.7
)
 
(13.2
)
 
—

 
(22.9
)
 
(9.7
)
 
(4.8
)
 
—

 
(14.5
)
Loss recognized in Interest Expense
—

 
—

 
(2.5
)
 
(2.5
)
 
—

 
—

 
(2.6
)
 
(2.6
)
Not designated as hedging instruments:  
Derivative [Line Items]  
Schedule Of Cash Flow Hedging Instruments
The ineffective portion of hedging instruments recognized during the three and six months ended July 2, 2016 and July 4, 2015, respectively, was immaterial.
Derivatives Not Designated as Cash Flow Hedging Instruments (in millions):
 
Three Months Ended
 
July 2, 2016
 
July 4, 2015
 
Commodity Forwards
 
Currency Forwards
 
Commodity Forwards
 
Currency Forwards
Gain recognized in Cost of Sales
$
0.1

 
$
—

 
$
—

 
$
1.7

Loss recognized in Operating Expenses
—

 
(1.6
)
 
—

 
—


 
Six Months Ended
 
July 2, 2016
 
July 4, 2015
 
Commodity Forwards
 
Currency Forwards
 
Commodity Forwards
 
Currency Forwards
Gain (Loss) recognized in Cost of Sales
$
0.2

 
$
—

 
$
—

 
$
(0.5
)
Loss recognized in Operating Expenses
—

 
(0.7
)
 
—

 
—
Currency Forward Contracts  
Derivative [Line Items]  
Schedule Of Notional Amounts Of Forward Contracts
As of July 2, 2016, the Company had the following currency forward contracts outstanding (with maturities extending through April 2019) to hedge forecasted foreign currency cash flows (in millions):
 
Notional
Amount (in U.S. Dollars)
Chinese Renminbi
$
163.3

Mexican Peso
266.1

Euro
49.8

Indian Rupee
42.2

Canadian Dollar
30.3

Australian Dollar
10.6

Japanese Yen
3.2

Thai Baht
4.5

Great Britain Pound
1.9
Commodity Forward Contracts  
Derivative [Line Items]  
Schedule Of Notional Amounts Of Forward Contracts
As of July 2, 2016, the Company had the following commodity forward contracts outstanding (with maturities extending through September 2017) to hedge forecasted purchases of commodities (notional amounts expressed in terms of the dollar value of the hedged item (in millions):
 
Notional
Amount
Copper
$
44.9

Aluminum
2.3