Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 30, 2013

Summary of Fair Value of Derivatives

A summary of the fair value of the Company’s derivatives recorded in the Consolidated Balance Sheets at March 30, 2013 and December 29, 2012 follows (in millions):

	Balance Sheet Classification	2013		2012		Balance Sheet Classification	2013		2012
Derivatives designated as hedging instruments:
Interest Rate Contracts Fair Value	Other current assets	20.3		18.5		Accrued expenses	2.1		3.3
	LT other assets	—		6.4		LT other  liabilities	32.8		4.6
Foreign Exchange Contracts Cash Flow	Other current assets	2.4		—		Accrued expenses	1.1		2.6
Net Investment Hedge	Other current assets	42.3		0.2		Accrued expenses	1.6		25.7
		$	65.0	$	25.1		$	37.6	$	36.2
Derivatives not designated as hedging instruments:
Foreign Exchange Contracts	Other current assets	$	32.3	$	73.9	Accrued expenses	$	89.3	$	46.4
	LT other assets	—		—		LT other liabilities	5.1		8.9
		$	32.3	$	73.9		$	94.4	$	55.3

Detail Pre-tax Amounts Reclassified From Accumulated Other Comprehensive Income (Loss) 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 three months ended March 30, 2013 and March 31, 2012 (in millions):

Year-to-date 2013 (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*)
Foreign Exchange Contracts	$	3.1	Cost of Sales	$	(1.8	)	$	—

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	$	1.4		Interest expense	$	—	$	—
Foreign Exchange Contracts	$	(1.2	)	Cost of sales	$	4.9	—

 * 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 2013		Year-to-Date 2012
Income Statement Classification	Gain/(Loss)  on Swaps	Gain /(Loss)  on Borrowings	Gain/(Loss)  on Swaps			Gain /(Loss)  on Borrowings
Interest Expense	$(30.4)	$30.4	$	(2.6	)	$	2.6

Details of Foreign Exchange Contracts Pre-Tax Amounts

The pre-tax gain or loss from year-to-date fair value changed was as follows (in millions):

	Year-to-Date 2013						Year-to-Date 2012
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	$	58.8	$	—	$	—	$	(31.8	)	$	—	$	—

 * Includes ineffective portion and amount excluded from effectiveness testin

Income Statement Impacts Related to Derivatives Not Designated as Hedging Instruments

The income statement impacts related to derivatives not designated as hedging instruments for 2013 and 2012 are as follows (in millions):

Derivatives Not Designated as Hedging Instruments under ASC 815	Income Statement Classification	Year-to-Date 2013 Amount of Gain (Loss) Recorded in Income on Derivative			Year-to-Date 2012 Amount of Gain (Loss) Recorded in Income on Derivative
Foreign Exchange Contracts	Other-net	$	(60.6	)	$	(8.7	)