DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 29, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Fair Value of Derivatives

A summary of the fair value of the Company’s derivatives recorded in the Consolidated Balance Sheets are as follows (in millions):

	Balance Sheet Classification	2012		2011		Balance Sheet Classification	2012		2011
Derivatives designated as hedging instruments:
Interest Rate Contracts Cash Flow	Other current assets	$	—	$	—	Accrued expenses	$	—	$	86.9
Interest Rate Contracts Fair Value	Other current assets	18.5		21.7		Accrued expenses	3.3		5.2
	LT other assets	6.4		15.2		LT other liabilities	4.6		—
Foreign Exchange Contracts Cash Flow	Other current assets	—		5.3		Accrued expenses	2.6		1.4
	LT other assets	—		—		LT other liabilities	—		0.8
Net Investment Hedge	Other current assets	0.2		27.7		Accrued expenses	25.7		—
		$	25.1	$	69.9		$	36.2	$	94.3
Derivatives not designated as hedging instruments:
Foreign Exchange Contracts	Other current assets	$	73.9	$	48.1	Accrued expenses	$	46.4	$	63.4
LT other assets		—		24.5		LT other liabilities	8.9		24.0
		$	73.9	$	72.6		$	55.3	$	87.4

Detail Pre-tax Amounts Reclassified From Accumulated Other Comprehensive Income into Earnings for Active Derivative Financial Instruments

The tables below detail pre-tax amounts reclassified from Accumulated other comprehensive income (loss) into earnings for active derivative financial instruments during the periods in which the underlying hedged transactions affected earnings for the twelve months ended December 29, 2012 and December 31, 2011 (in millions):

Year-to-date 2012 (In millions)	Gain (Loss) Recorded in  OCI			Classification of Gain (Loss) Reclassified from OCI to Income	Gain (Loss) Reclassified from OCI to Income (Effective Portion)		Gain (Loss) Recognized  in Income (Ineffective Portion*)
Interest Rate Contracts	$	—		Interest expense	$	—	$	—
Foreign Exchange Contracts	$	(11.2	)	Cost of sales	$	1.9	—

Year-to-date 2011 (In millions)	Gain (Loss) Recorded in  OCI			Classification of Gain (Loss) Reclassified from OCI to Income	Gain (Loss) Reclassified from OCI to Income (Effective Portion)			Gain (Loss) Recognized  in Income (Ineffective Portion*)
Interest Rate Contracts	$	(69.6	)	Interest expense	$	—		$	—
Foreign Exchange Contracts	$	(2.9	)	Cost of sales	$	(21.1	)	—

* Includes ineffective portion and amount excluded from effectiveness testing on derivatives.

Fair Value Adjustments Relating to Swaps

A summary of the fair value adjustments relating to these swaps is as follows (in millions):

	Year-to-Date 2012					Year-to-Date 2011
Income Statement Classification	Gain/(Loss)  on Swaps		Gain /(Loss)  on Borrowings			Gain/(Loss)  on Swaps		Gain /(Loss)  on Borrowings
Interest Expense	$	27.2	$	(27.2	)	$	27.8	$	(27.8	)

Details of Pre-Tax Amounts of Gains and Losses on Net Investment Hedges

The details of the pre-tax amounts are below (in millions):

	Year-to-Date 2012							Year-to-Date 2011
Income Statement Classification	Amount Recorded in  OCI Gain (Loss)			Effective Portion Recorded  in Income Statement		Ineffective Portion* Recorded in Income Statement		Amount Recorded in  OCI Gain (Loss)			Effective Portion Recorded  in Income Statement		Ineffective Portion* Recorded in Income Statement
Other-net	$	(47.6	)	$	—	$	—	$	(2.4	)	$	—	$	—

*Includes ineffective portion and amount excluded from effectiveness testing. 

Income Statement Impacts Related to Derivatives Not Designated as Hedging Instruments

The income statement impacts related to derivatives not designated as hedging instruments for 2012 and 2011 are as follows (in millions):

Derivatives Not Designated as Hedging Instruments under ASC 815	Income Statement Classification	Year-to-Date 2012 Amount  of Gain (Loss) Recorded in Income on Derivative		Year-to-Date 2011 Amount  of Gain (Loss) Recorded in Income on Derivative
Foreign Exchange Contracts	Other-net	$	10.0	$	(3.3	)