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Fair Value Measurements (Tables)
6 Months Ended
Jul. 03, 2016
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured on Recurring Basis
The following table sets forth information regarding the Company’s financial assets and financial liabilities, excluding retirement and postretirement plan assets, measured at fair value on a recurring basis: 
Description
 
July 3,
2016
 
Level 1
 
Level 2
 
Level 3
Hedge derivatives, net:
 
 
 
 
 
 
 
 
Commodity contracts
 
$
960

 
$

 
$
960

 
$

Foreign exchange contracts
 
(1,421
)
 

 
(1,421
)
 

Non-hedge derivatives, net:
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
(890
)
 

 
(890
)
 

Deferred compensation plan assets
 
477

 
477

 

 

 
 
 
 
 
 
 
 
 
Description
 
December 31,
2015
 
Level 1
 
Level 2
 
Level 3
Hedge derivatives, net:
 
 
 
 
 
 
 
 
Commodity contracts
 
$
(3,611
)
 
$

 
$
(3,611
)
 
$

Foreign exchange contracts
 
(4,612
)
 

 
(4,612
)
 

Non-hedge derivatives, net:
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
(2,180
)
 

 
(2,180
)
 

Deferred compensation plan assets
 
460

 
460