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Financial Instruments (Tables)
 9 Months Ended
Sep. 28, 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 September 28, 2012 and December 31, 2011 are shown below (in millions).
 
September 28, 2012
 
December 31, 2011
 
Notional
Amount
 
Fair Value
 
Notional
Amount
 
Fair Value
 
Asset (1)
 
Liability (2)
 
Asset (1)
 
Liability (2)
Derivatives designated as cash flow
hedges:
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
$
17.6

 
$
—

 
$
0.3

 
$
32.1

 
$
—

 
$
0.6

Commodity futures
50.3

 
1.7

 
0.8

 
216.1

 
3.8

 
14.0

Foreign currency exchange
49.3

 
0.4

 
0.6

 
55.4

 
0.4

 
1.1

 
 
 
$
2.1

 
$
1.7

 
 
 
$
4.2

 
$
15.7

Derivatives not designated as cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
Commodity futures
$
197.6

 
$
8.6

 
$
2.5

 
$
133.0

 
$
2.4

 
$
12.6

Foreign currency exchange
260.8

 
2.3

 
5.3

 
321.7

 
4.1

 
7.9

 
 
 
$
10.9

 
$
7.8

 
 
 
$
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 September 28, 2012
(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 swaps
$
(0.1
)
 
$
—

 
$
—

 
Interest expense
Commodity futures
6.2

 
(3.9
)
 
0.1

 
Cost of sales
Foreign currency exchange
(0.3
)
 
0.2

 
—

 
Other income (expense)
 
$
5.8

 
$
(3.7
)
 
$
0.1

 
 
 
Nine Fiscal Months Ended September 28, 2012
(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 swaps
$
0.2

 
$
—

 
$
—

 
Interest expense
Commodity futures
6.1

 
(3.8
)
 
(0.3
)
 
Cost of sales
Foreign currency exchange
(0.4
)
 
(0.7
)
 
—

 
Other income (expense)
 
$
5.9

 
$
(4.5
)
 
$
(0.3
)
 
 
 
Three Fiscal Months Ended September 30, 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 swaps
$
(0.3
)
 
$
—

 
$
(0.1
)
 
Interest expense
Commodity futures
(50.2
)
 
5.7

 
(0.5
)
 
Cost of sales
Foreign currency exchange
0.9

 
—

 
—

 
Other income (expense)
 
$
(49.6
)
 
$
5.7

 
$
(0.6
)
 
 
 
Nine Fiscal Months Ended September 30, 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 swaps
$
(0.6
)
 
$
—

 
$
(0.3
)
 
Interest expense
Commodity futures
(54.3
)
 
26.6

 
(0.5
)
 
Cost of sales
Foreign currency exchange
2.3

 
0.3

 
0.1

 
Other income (expense)
 
$
(52.6
)
 
$
26.9

 
$
(0.7
)
 
 
(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.