Hedging Transactions and Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Reconciliation of Company's Derivatives by Contract Type

Set forth below is a reconciliation of the Company’s derivatives by contract type for the periods indicated:

(in millions of U.S. dollars)	March 31, 2018				December 30, 2017
Derivative Contract	Assets		Liabilities		Assets		Liabilities
Coffee futures1	$	—	$	2.6	$	—	$	1.2
	$	—	$	2.6	$	—	$	1.2

^1. The fair value of the coffee futures excludes amounts in the related margin accounts. As of March 31, 2018 and December 30, 2017, the aggregate margin account balances were $3.1 million and $5.3 million, respectively, and are included in cash & cash equivalents on the Consolidated Balance Sheets.

Summary of Fair Value of Coffee Futures Assets and Liabilities

The fair value of the coffee futures assets and liabilities which are shown on a net basis are reconciled in the table below:

(in millions of U.S. dollars)	March 31, 2018			December 30, 2017
Coffee futures assets	$	1.8		$	0.6
Coffee futures liabilities		(4.4	)		(1.8	)
Net asset (liability)	$	(2.6	)	$	(1.2	)

Summary of Income and Expense Line Items Presented in Consolidated Statements of Operations

The location and amount of gains or losses recognized in the Consolidated Statements of Operations for cash flow hedging relationships, presented on a pre-tax basis, for the three months ended March 31, 2018 and April 1, 2017, respectively, is shown in the table below:

	For the Three Months Ended
	March 31, 2018		April 1, 2017
(in millions of U.S. dollars)	Cost of sales
Total amounts of income and expense line items presented in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded	$	287.3	$	268.1
Loss (gain) on cash flow hedging relationship
Coffee futures:
Loss (gain) reclassified from AOCI into expense	$	0.9	$	(0.7	)