Long-Term Debt (Tables)

6 Months Ended

Jun. 27, 2014

Schedule of Long-Term-Debt

(in millions)	June 27, 2014			December 31, 2013
North America
5.75% Senior Notes due 2022	$	600.0		$	600.0
Subordinated Convertible Notes due 2029	429.5			429.5
Debt discount on Subordinated Convertible Notes due 2029	(260.6		)	(261.5		)
Senior Floating Rate Notes	125.0			125.0
Revolving Credit Facility	298.4			225.0
Other	9.0			9.0
Europe and Mediterranean
Revolving Credit Facility	40.9			—
Other Credit Facilities	7.5			17.0
Other	10.1			10.3
Rest of World (“ROW”)
Credit facilities	294.9			232.6
Total debt	1,554.7			1,386.9
Less current maturities	422.2			250.3
Long-term debt	$	1,132.5		$	1,136.6

5.75% Senior Notes due 2022 [Member]

Schedule of Long-Term-Debt

The Company's 5.75% Senior Notes are summarized in the table below:

	5.75% Senior Notes
(in millions)	June 27, 2014			December 31, 2013
Face Value	$	600.0		$	600.0
Fair Value (Level 2)	604.5			588.0
Interest Rate	5.75		%	5.75		%
Interest Payment	Semi-Annual: Apr 1 & Oct 1
Maturity Date	October 2022
Guarantee	Jointly and severally guaranteed by the Company's wholly owned U.S. subsidiaries

		5.75% Senior Notes
	Beginning Date	Percentage
Call Option (1)	October 1, 2017	102.875%
	October 1, 2018	101.917%
	October 1, 2019	100.958%
	October 1, 2020 and thereafter	100.000%

(1) The Company may, at its option, redeem the 5.75% Senior Notes on or after the stated beginning dates at percentages noted above (plus accrued and unpaid interest). Additionally, the Company, may on or prior to October 1, 2015 redeem in the aggregate up to 35% of the aggregate principal amount of 5.75% Senior Notes issued with the cash proceeds from one or more equity offerings, at a redemption price in cash equal to 105.75% of the principal plus accrued and unpaid interest so long as (i) at least 65% of the aggregate principal amount of the 5.75% Senior Notes issued remains outstanding immediately after giving effect to any such redemption; and (ii) notice of any such redemption is given within 60 days after the date of the closing of any such equity offering. In addition, at any time prior to October 1, 2017, the Company may redeem some or all of the 5.75% Senior Notes at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest, plus a make whole premium.

Schedule of Guarantee, Call Options

		5.75% Senior Notes
	Beginning Date	Percentage
Call Option (1)	October 1, 2017	102.875%
	October 1, 2018	101.917%
	October 1, 2019	100.958%
	October 1, 2020 and thereafter	100.000%

Convertible Debt [Member]

Schedule of Long-Term-Debt

The Company’s convertible debt instruments outstanding as of June 27, 2014 and December 31, 2013 are as follows:

	Subordinated Convertible Notes
(in millions)	June 27, 2014			December 31, 2013
Face value	$	429.5		$	429.5
Debt discount	(260.6		)	(261.5		)
Book value	168.9			168.0
Fair value (Level 1)	422.1			462.8
Maturity date	Nov 2029
Stated annual interest rate	4.50% until Nov 2019 2.25% until Nov 2029
Interest payments	Semi-annually: May 15 & Nov 15

Senior Floating Rate Notes [Member]

Schedule of Long-Term-Debt

The Company’s Senior Floating Rate Notes outstanding as of June 27, 2014 and December 31, 2013 are as follows:

	Senior Floating Rate Notes (1)
(in millions)	June 27, 2014			December 31, 2013
Face value	$	125.0		$	125.0
Fair value (Level 1)	125.0			124.1
Interest rate	2.6		%	2.6		%
Interest payment	3-month LIBOR rate plus 2.375% Quarterly: Jan 1, Apr 1, Jul 1 & Oct 1
Maturity date	Apr 2015

Guarantee	Jointly and severally guaranteed by the Company’s wholly-owned U.S. subsidiaries
Call Option (1)	Beginning Date	Percentage
	April 1, 2015	100.000	%

(1) The Company may, at its option, redeem the Senior Floating Rate Notes on or after the following dates and percentages (plus accrued and unpaid interest due)

Schedule of Guarantee, Call Options

Guarantee	Jointly and severally guaranteed by the Company’s wholly-owned U.S. subsidiaries
Call Option (1)	Beginning Date	Percentage
	April 1, 2015	100.000	%

Revolving Credit Facility [Member]

Schedule of Credit Facilities

The Company’s Revolving Credit Facility is summarized in the table below:

	Revolving Credit Facility
(in millions)	June 27, 2014			December 31, 2013
Outstanding borrowings	$	339.3		$	225.0
Total credit under facility	1,000.0			1,000.0
Undrawn availability(1)	436.4			298.4
Interest rate	2.0		%	2.0		%
Outstanding letters of credit	$	28.5		$	112.7
Original issuance	July 2011
Maturity date	Sept 2018

(1) Total undrawn availability for the U.S. borrower, the Canadian borrower and the European borrowers at June 27, 2014 is $249.2 million, $65.5 million and $121.7 million, respectively. Total undrawn availability for the U.S. borrower, the Canadian borrower and the European borrowers at December 31, 2013 was $102.1 million, $53.1 million and $143.2 million, respectively.

Europe And Mediterranean Credit Facilities [Member]

Schedule of Credit Facilities

The Company’s Europe and Mediterranean credit facilities are summarized in the table below:

	Europe and Mediterranean Credit Facilities
(in millions)	June 27, 2014			December 31, 2013
Outstanding borrowings	$	7.5		$	17.0
Undrawn availability	46.8			48.8
Interest rate – weighted average	6.9		%	6.7		%
Maturity date	Various; all due within 1 year

Rest Of World Row Credit Facilities [Member]

Schedule of Credit Facilities

The Company’s ROW credit facilities are summarized in the table below:

	ROW Credit Facilities
(in millions)	June 27, 2014			December 31, 2013
Outstanding borrowings	$	294.9		$	232.6
Undrawn availability	335.6			302.2
Interest rate – weighted average	5.8		%	4.6		%
Maturity date	Various; $287.2 million due within 1 year