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Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule Of Notional Amounts Of Forward Contracts
As of December 30, 2017, the Company had the following commodity forward contracts outstanding (with maturities extending through June 2019) to hedge forecasted purchases of commodities (notional amounts expressed in terms of the dollar value of the hedged item (in millions):
 
 
December 30, 2017
 
December 31, 2016
 
 
 
Copper
 
$
80.8

 
$
50.7

Aluminum
 
7.7

 
4.9

As of December 30, 2017, the Company had the following currency forward contracts outstanding (with maturities extending through October 2019) to hedge forecasted foreign currency cash flows (in millions):
 
 
December 30, 2017
 
December 31, 2016
 
 
 
Mexican Peso
 
$
137.1

 
$
230.1

Chinese Renminbi
 
214.9

 
275.5

Indian Rupee
 
35.8

 
43.6

Euro
 
26.4

 
69.0

Canadian Dollar
 
47.7

 
41.8

Australian Dollar
 
14.9

 
12.1

Thai Baht
 
7.5

 
4.9

Japanese Yen
 
—

 
2.8

British Pound
 
2.7

 
4.3
Schedule Of Fair Values Of Derivative Instruments
Fair values of derivative instruments as of December 30, 2017 and December 31, 2016 were (in millions):
 
 
December 30, 2017
 
 
Prepaid Expenses and Other Current Assets
 
Other Noncurrent Assets
 
Current Hedging Obligations
 
Noncurrent Hedging Obligations
Designated as Hedging Instruments:
 
 
 
 
 
 
 
 
   Currency Contracts
 
$
11.5

 
$
2.5

 
$
7.9

 
$
0.9

   Commodity Contracts
 
10.8

 
0.7

 
—

 
—

Not Designated as Hedging Instruments:
 
 
 
 
 
 
 
 
   Currency Contracts
 
4.1

 
—

 
0.2

 
—

   Commodity Contracts
 
0.2

 
—

 
—

 
—

Total Derivatives
 
$
26.6

 
$
3.2

 
$
8.1

 
$
0.9


 
 
December 31, 2016
 
 
Prepaid Expenses and Other Current Assets
 
Other Noncurrent Assets
 
Current Hedging Obligations
 
Noncurrent Hedging Obligations
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
Schedule Of Cash Flow Hedging Instruments
The effect of derivative instruments designated as cash flow hedges on the Consolidated Statements of Income and Consolidated Statements of Comprehensive Income for fiscal 2017, 2016 and 2015 were (in millions):
 
 
Fiscal 2017
 
 
 
 
 
 
Interest
 
 
 
 
Commodity
 
Currency
 
Rate
 
 
 
 
Forwards
 
Forwards
 
Swaps
 
Total
Gain Recognized in Other Comprehensive Income
 
$
21.7

 
$
46.3

 
$
0.5

 
$
68.5

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

 
0.9

 
—

 
0.9

Gain (Loss) Recognized in Cost of Sales
 
12.2

 
(22.1
)
 
—

 
(9.9
)
Loss Recognized in Interest Expense
 
—

 
—

 
(2.8
)
 
(2.8
)

 
 
Fiscal 2016
 
 
 
 
 
 
Interest
 
 
 
 
Commodity
 
Currency
 
Rate
 
 
 
 
Forwards
 
Forwards
 
Swaps
 
Total
Gain (Loss) Recognized in Other Comprehensive 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 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
)
Schedule of Derivatives Not Designated as Cash Flow Hedging Instruments
The effect of derivative instruments not designated as cash flow hedges on the Consolidated Statements of Income for fiscal 2017, 2016 and 2015 were (in millions):
 
 
 
 
Fiscal 2017
 
 
 
 
Commodity Forwards
 
Currency Forwards
 
Total
Loss Recognized in Cost of Sales
 
$
(1.1
)
 
$
—

 
$
(1.1
)
Gain Recognized in Operating Expenses
 
$
—

 
$
14.3

 
$
14.3


 
 
 
 
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 Cost of Sales
 
$
—

 
$
(8.8
)
 
$
(8.8
)
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 30, 2017
 
 
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
 
$
15.6

 
$
(5.9
)
 
$
9.7

Derivative Commodity Contracts
 
11.0

 
—

 
11.0

Other Noncurrent Assets:
 
 
 
 
 
 
Derivative Currency Contracts
 
2.5

 
(0.7
)
 
1.8

Derivative Commodity Contracts
 
0.7

 
—

 
0.7

Current Hedging Obligations:
 
 
 
 
 
 
Derivative Currency Contracts
 
8.1

 
(5.9
)
 
2.2

Noncurrent Hedging Obligations:
 
 
 
 
 
 
Derivative Currency Contracts
 
0.9

 
(0.7
)
 
0.2

 
 
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 Noncurrent Assets:
 
 
 
 
 
 
Derivative Currency Contracts
 
0.4

 
(0.2
)
 
0.2

Current Hedging Obligations:
 
 
 
 
 
 
Derivative Currency Contracts
 
45.7

 
(1.7
)
 
44.0

Noncurrent Hedging Obligations:
 
 
 
 
 
 
  Derivative Currency Contracts
 
17.6

 
(0.2
)
 
17.4