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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2016
Derivative [Line Items]  
Schedule Of Fair Values Of Derivative Instruments
Fair values of derivative instruments were (in millions):
 
 
December 31, 2016
 
 
Prepaid Expenses
 
Other Noncurrent Assets
 
Hedging Obligations (Current)
 
Hedging Obligations (Noncurrent)
Designated as Hedging Instruments:
 
 
 
 
 
 
 
 
   Interest Rate Swap Contracts
 
$
—

 
$
—

 
$
3.3

 
$
—

   Currency Contracts
 
1.3

 
0.4

 
39.7

 
17.6

   Commodity Contracts
 
4.7

 
—

 
—

 
—

Not Designated as Hedging Instruments:
 
 
 
 
 
 
 
 
   Currency Contracts
 
1.5

 
—

 
6.0

 
—

   Commodity Contracts
 
2.6

 
—

 
—

 
—

Total Derivatives
 
$
10.1

 
$
0.4

 
$
49.0

 
$
17.6


 
 
January 2, 2016
 
 
Prepaid Expenses
 
Other Noncurrent Assets
 
Hedging Obligations (Current)
 
Hedging Obligations (Noncurrent)
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 Cash Flow Hedging Instruments
The effect of derivative instruments on the consolidated statements of income and comprehensive income for fiscal 2016, 2015 and 2014 were (in millions):
 
 
Fiscal 2016
 
 
 
 
 
 
Interest
 
 
 
 
Commodity
 
Currency
 
Rate
 
 
 
 
Forwards
 
Forwards
 
Swaps
 
Total
Gain (Loss) Recognized in Other Comprehensive Income (Loss)
 
$
6.4

 
$
(46.1
)
 
$
(0.3
)
 
$
(40.0
)
Amounts Reclassified from Other Comprehensive Income (Loss):
 
 
 
 
 
 
 
 
Gain Recognized in Net Sales
 
—

 
0.2

 
—

 
0.2

(Loss) Recognized in Cost of Sales
 
(13.6
)
 
(32.1
)
 
—

 
(45.7
)
(Loss) Recognized in Interest Expense
 
—

 
—

 
(4.8
)
 
(4.8
)

 
 
Fiscal 2015
 
 
 
 
 
 
Interest
 
 
 
 
Commodity
 
Currency
 
Rate
 
 
 
 
Forwards
 
Forwards
 
Swaps
 
Total
(Loss) Recognized in Other Comprehensive Income (Loss)
 
$
(22.3
)
 
$
(46.5
)
 
$
(1.1
)
 
$
(69.9
)
Amounts Reclassified from Other Comprehensive Income (Loss):
 
 
 
 
 
 
 
 
Gain Recognized in Net Sales
 
—

 
0.2

 
—

 
0.2

(Loss) Recognized in Cost of Sales
 
(19.8
)
 
(18.5
)
 
—

 
(38.3
)
(Loss) Recognized in Interest Expense
 
—

 
—

 
(5.2
)
 
(5.2
)

 
 
Fiscal 2014
 
 
 
 
 
 
Interest
 
 
 
 
Commodity
 
Currency
 
Rate
 
 
 
 
Forwards
 
Forwards
 
Swaps
 
Total
(Loss) Recognized in Other Comprehensive Income (Loss)
 
$
(18.8
)
 
$
(25.2
)
 
$
(0.5
)
 
$
(44.5
)
Amounts Reclassified from Other Comprehensive Income (Loss):
 
 
 
 
 
 
 
 
(Loss) Gain Recognized in Cost of Sales
 
(7.1
)
 
7.6

 
—

 
0.5

(Loss) Recognized in Interest Expense
 
—

 
—

 
(10.3
)
 
(10.3
)
Schedule of Derivatives Not Designated as Cash Flow Hedging Instruments
The effect of derivative instruments on the consolidated statements of income for fiscal 2016, 2015 and 2014 were (in millions):
 
 
 
 
Fiscal 2016
 
 
 
 
Commodity Forwards
 
Currency Forwards
 
Total
Gain Recognized in Cost of Sales
 
$
2.6

 
$
—

 
$
2.6

Loss Recognized in Operating Expenses
 
—

 
(5.2
)
 
(5.2
)

 
 
 
 
Fiscal 2015
 
 
 
 
Commodity Forwards
 
Currency Forwards
 
Total
Loss Recognized in Operating Expenses
 
$
—

 
$
(8.8
)
 
$
(8.8
)

 
 
 
 
Fiscal 2014
 
 
 
 
Commodity Forwards
 
Currency Forwards
 
Total
Loss Recognized in Cost of Sales
 
$
—

 
$
(1.3
)
 
$
(1.3
)
Derivatives Offsetting Disclosures
The following table presents the derivative assets and derivative liabilities presented on a net basis under enforceable master netting agreements (in millions):
 
 
December 31, 2016
 
 
Gross Amounts as Presented in the 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
 
$
2.8

 
$
(1.7
)
 
$
1.1

Derivative Commodity Contracts
 
7.3

 
—

 
7.3

Other Non-Current Assets:
 
 
 
 
 
 
Derivative Currency Contracts
 
0.4

 
(0.2
)
 
0.2

Hedging Obligations Current:
 
 
 
 
 
 
Derivative Currency Contracts
 
45.7

 
(1.7
)
 
44.0

Hedging Obligations:
 
 
 
 
 
 
Derivative Currency Contracts
 
17.6

 
(0.2
)
 
17.4

 
 
January 2, 2016
 
 
Gross Amounts as Presented in the 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
Commodity Forward Contracts [Member]  
Derivative [Line Items]  
Schedule Of Notional Amounts Of Forward Contracts
The Company had outstanding the following notional amounts to hedge forecasted purchases of commodities (in millions):
 
 
December 31, 2016
 
January 2, 2016
 
 
 
Copper
 
$
50.7

 
$
59.4

Aluminum
 
4.9

 
4.2
Currency Forward Contracts [Member]  
Derivative [Line Items]  
Schedule Of Notional Amounts Of Forward Contracts
The Company had outstanding the following notional amounts of currency forward contracts (in millions):
 
 
December 31, 2016
 
January 2, 2016
 
 
 
Mexican Peso
 
$
230.1

 
$
339.4

Chinese Renminbi
 
275.5

 
233.9

Indian Rupee
 
43.6

 
54.5

Euro
 
69.0

 
68.5

Canadian Dollar
 
41.8

 
6.2

Australian Dollar
 
12.1

 
10.8

Thai Baht
 
4.9

 
3.7

Japanese Yen
 
2.8

 
2.7

Great Britain Pound
 
4.3

 
4.8

Singapore Dollar
 
—

 
0.5