Fair Value Measurements (Tables)

12 Months Ended

Dec. 29, 2012

Assets and Liabilities Recorded at Fair Value on Recurring Basis

We have certain assets and liabilities that are required to be recorded at fair value on a recurring basis in accordance with U.S. GAAP.

	December 29, 2012
(in millions of U.S. dollars)	Level 1		Level 2		Level 3		Fair Value Measurements
Assets
Derivatives	$	—	$	0.1	$	—	$	0.1
Assets held for sale		—		—		0.1		0.1
Total Assets	$	—	$	0.1	$	0.1	$	0.2

	December 31, 2011
(in millions of U.S. dollars)	Level 1		Level 2		Level 3		Fair Value Measurements
Assets
Derivatives	$	—	$	0.2	$	—	$	0.2
Assets held for sale		—		1.2		—		1.2
Total Assets	$	—	$	1.4	$	—	$	1.4

Carrying Value and Estimated Fair Values of Outstanding Debt

The carrying amounts reflected in the Consolidated Balance Sheets for cash, receivables, payables, short-term borrowings and long-term debt approximate their respective fair values, except as otherwise indicated. The carrying values and estimated fair values of our significant outstanding debt as of December 29, 2012 and December 31, 2011 were as follows:

	December 29, 2012				December 31, 2011
(in millions of U.S. dollars)	Carrying Value		Fair Value		Carrying Value		Fair Value
8.375% senior notes due in 20171		215.0		234.4		215.0		231.4
8.125% senior notes due in 20181		375.0		414.8		375.0		404.5
Total	$	590.0	$	649.2	$	590.0	$	635.9

Schedule of Fair Value of Contingent Consideration Payable

The fair value of the contingent consideration payable in the Cliffstar Acquisition was based on significant inputs not observed in the market and thus represented a Level 3 instrument. Level 3 instruments are valued based on unobservable inputs that are supported by little or no market activity and reflect our own assumptions in measuring fair value.

	For the Year Ended
(in millions of U.S. dollars)	December 29, 2012		December 31, 2011
Beginning balance	$	—	$	32.2
Acquisition date fair value		—		—
Payment		—		(34.3	)
Accretion to fair value		—		1.2
Adjustments to fair value		0.6		0.9
Ending balance	$	0.6	$	—