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Financial Instruments (Tables)
 9 Months Ended
Sep. 27, 2014
Fair Value of Outstanding Foreign Currency Derivative Contracts and Related Classification
The fair value of outstanding foreign currency derivative contracts and the related classification in the accompanying condensed consolidated balance sheets as of September 27, 2014 and December 31, 2013, are shown below (in millions):
 
September 27,
2014
 
December 31,
2013
Contracts qualifying for hedge accounting:
 
 
 
Other current assets
$
9.6

 
$
12.4

Other long-term assets
0.7

 
0.7

Other current liabilities
(6.6
)
 
(6.5
)
Other long-term liabilities
(1.1
)
 
(0.1
)
 
2.6

 
6.5

Contracts not qualifying for hedge accounting:
 
 
 
Other current assets
2.3

 
0.4

Other current liabilities
(0.5
)
 
(0.5
)
 
1.8

 
(0.1
)
 
$
4.4

 
$
6.4
Fair Value Measurements and Related Valuation Techniques and Fair Value Hierarchy Level
Fair value measurements and the related valuation techniques and fair value hierarchy level for the Company’s assets and liabilities measured at fair value on a recurring basis as of September 27, 2014 and December 31, 2013, are shown below (in millions):
 
September 27, 2014
 
Frequency
 
Asset
(Liability)
 
Valuation
Technique
 
Level 1
 
Level 2
 
Level 3

Foreign currency derivative contracts, net
Recurring
 
$
4.4

 
Market/Income
 
$
—

 
$
4.4

 
$
—

 
December 31, 2013
 
Frequency
 
Asset
(Liability)
 
Valuation
Technique
 
Level 1
 
Level 2
 
Level 3

Foreign currency derivative contracts, net
Recurring
 
$
6.4

 
Market/Income
 
$
—

 
$
6.4

 
$
—
Foreign exchange contract
  
Pretax Amounts Related to Derivative Contracts
Pretax amounts related to foreign currency derivative contracts that were recognized in and reclassified from accumulated other comprehensive loss are shown below (in millions):
 
Three Months Ended
 
Nine Months Ended
 
September 27,
2014
 
September 28,
2013
 
September 27,
2014
 
September 28,
2013
Contracts qualifying for hedge accounting:
 
 
 
 
 
 
 
Gains (losses) recognized in accumulated other comprehensive loss
$
(7.7
)
 
$
1.0

 
$
2.8

 
$
7.4

Gains reclassified from accumulated other comprehensive loss
(3.2
)
 
(8.3
)
 
(7.7
)
 
(27.1
)
Comprehensive loss
$
(10.9
)
 
$
(7.3
)
 
$
(4.9
)
 
$
(19.7
)