Financial Instruments (Tables)

9 Months Ended

Sep. 29, 2012

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 29, 2012 and December 31, 2011, is shown below (in millions):

	September 29, 2012			December 31, 2011
Contracts qualifying for hedge accounting:
Other current assets	$	15.9		$	0.2
Other long-term assets		1.8			—
Other current liabilities		(3.0	)		(38.1	)
Other long-term liabilities		(0.1	)		(1.2	)
		14.6			(39.1	)
Contracts not qualifying for hedge accounting:
Other current assets		0.4			—
Other current liabilities		(2.1	)		(5.4	)
		(1.7	)		(5.4	)
	$	12.9		$	(44.5	)

Fair Value Measurements and Related Valuation Techniques and Fair Value Hierarchy Level

Items measured at fair value on a recurring basis – Fair value measurements and the related valuation techniques and fair value hierarchy level for the Company’s assets and liabilities measured or disclosed at fair value on a recurring basis as of September 29, 2012 and December 31, 2011, are shown below (in millions):

	September 29, 2012
	Frequency		Asset (Liability)		Valuation Technique		Level 1		Level 2		Level 3
Foreign currency derivative contracts		Recurring	$	12.9		Market/Income	$	—	$	12.9	$	—

	December 31, 2011
	Frequency		Asset (Liability)			Valuation Technique		Level 1		Level 2			Level 3
Foreign currency derivative contracts		Recurring	$	(44.5	)		Market/Income	$	—	$	(44.5	)	$	—
Commodity swap contracts		Recurring	$	(0.3	)		Market/Income	$	—	$	(0.3	)	$	—

Commodity Contract

Pretax Amounts Related to Derivative Contracts

Pretax amounts related to commodity swap contracts that were recognized in and reclassified from accumulated other comprehensive loss are shown below (in millions):

	Three Months Ended			Nine Months Ended
	October 1, 2011			September 29, 2012		October 1, 2011
Contracts qualifying for hedge accounting:
Gains (losses) recognized in accumulated other comprehensive loss	$	(0.7	)	$	0.1	$	(0.9	)
Losses reclassified from accumulated other comprehensive loss		0.1			0.2		0.1
Comprehensive income (loss)	$	(0.6	)	$	0.3	$	(0.8	)

Fair Value of Outstanding Commodity Swap Contracts and Related Classification

The fair value of outstanding commodity swap contracts and the related classification in the accompanying condensed consolidated balance sheets as of September 29, 2012 and December 31, 2011, are shown below (in millions):

	September 29, 2012		December 31, 2011
Contracts qualifying for hedge accounting:
Other current liabilities	$	—	$	(0.3	)

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 29, 2012			October 1, 2011			September 29, 2012		October 1, 2011
Contracts qualifying for hedge accounting:
Gains (losses) recognized in accumulated other comprehensive loss	$	18.3		$	(55.2	)	$	48.1	$	(45.8	)
(Gains) losses reclassified from accumulated other comprehensive loss		(0.3	)		3.9			5.6		1.6
Comprehensive income (loss)	$	18.0		$	(51.3	)	$	53.7	$	(44.2	)