Financial Instruments (Tables)

3 Months Ended

Mar. 30, 2012

Derivative Instruments and Hedges, Assets [Abstract]

Notional Amounts and Fair Values of Derivatives Designated as Cash Flow Hedges and Derivatives Not Designated as Cash Flow Hedges

The notional amounts and fair values of derivatives designated as cash flow hedges and derivatives not designated as cash flow hedges at March 30, 2012 and December 31, 2011 are shown below (in millions).



	March 30, 2012						December 31, 2011
	Notional Amount		Fair Value				Notional Amount		Fair Value
	Notional Amount		Asset⁽¹⁾		Liability⁽²⁾		Notional Amount		Asset⁽¹⁾		Liability⁽²⁾
Derivatives designated as cash flow hedges:
Interest rate swaps	$	27.0	$	0.1	$	0.4	$	32.1	$	—	$	0.6
Commodity futures	135.4		4.8		4.6		216.1		3.8		14.0
Foreign currency exchanges	14.6		0.2		0.1		55.4		0.4		1.1
			$	5.1	$	5.1			$	4.2	$	15.7
Derivatives not designated as cash flow hedges:
Commodity futures	$	200.2	$	4.1	$	6.3	$	133.0	$	2.4	$	12.6
Foreign currency exchanges	294.7		2.7		3.8		321.7		4.1		7.9
			$	6.8	$	10.1			$	6.5	$	20.5


(1)	Balance recorded in “Prepaid expenses and other” and “Other non-current assets”


(2)	Balance recorded in “Accrued liabilities” and “Other liabilities”

Gain and Loss on the Derivative Representing Either Hedge Ineffectiveness or Hedge Components Excluded From the Assessment of Effectiveness



	Three fiscal months ended March 30, 2012
(in millions)	Effective Portion recognized in OCI Gain /(Loss)			Reclassified from Accumulated OCI Gain / (Loss)			Ineffective portion and amount excluded from effectiveness testing Gain / (Loss)⁽¹⁾			Location
Derivatives designated as cash flow hedges:
Interest rate swaps	$	0.2		$	—		$	—		Interest Expense
Commodity futures	8.4			0.7			(0.2		)	Cost of Sales
Foreign currency exchanges	(0.1		)	(0.6		)	—			Other income /(expense)
Total	$	8.5		$	0.1		$	(0.2	)



	Three fiscal months ended April 1, 2011
(in millions)	Effective portion recognized in Accumulated OCI Gain / (Loss)			Reclassified from Accumulated OCI Gain / (Loss)			Ineffective portion and amount excluded from effectiveness testing Gain / (Loss)⁽¹⁾			Location
Derivatives designated as cash flow hedges:
Interest rate swap	$	(0.4	)	$	—		$	(0.1	)	Interest Expense
Commodity futures	0.3			17.3			0.1			Cost of Sales
Foreign currency exchange	2.6			(0.4		)	(0.1		)	Other income /(expense)
Total	$	2.5		$	16.9		$	(0.1	)


(1)	The ineffective portion and the amount excluded from effectiveness testing for all derivatives designated as cash flow hedges is recognized in other income and expense.

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

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