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Fair Value Measurements and Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 29, 2012

Fair Value Measurements and Fair Value of Financial Instruments Disclosure

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table presents information about the company's financial assets and liabilities measured at fair value on a recurring basis as of September 29, 2012:

			September 29,			Quoted Prices in Active Markets		Significant Other Observable Inputs		Significant Unobservable Inputs
(In millions)				2012		(Level 1)		(Level 2)		(Level 3)

Assets
	Cash equivalents			$	61.3	$	61.3	$	—	$	—
	Investments in mutual funds, unit trusts and other similar instruments				35.7		35.7		—		—
	Insurance contracts				60.2		—		60.2		—
	Auction rate securities				4.3		—		—		4.3
	Derivative contracts				0.3		—		0.3		—

		Total Assets		$	161.8	$	97.0	$	60.5	$	4.3

Liabilities
	Derivative contracts			$	0.5	$	—	$	0.5	$	—
	Contingent consideration				16.8		—		—		16.8

		Total Liabilities		$	17.3	$	—	$	0.5	$	16.8

		The following table presents information about the company’s financial assets and liabilities measured at fair
value on a recurring basis as of December 31, 2011:

			December 31,			Quoted Prices in Active Markets		Significant Other Observable Inputs		Significant Unobservable Inputs
(In millions)				2011		(Level 1)		(Level 2)		(Level 3)

Assets
	Cash equivalents			$	377.1	$	377.1	$	—	$	—
	Investments in mutual funds, unit trusts and other similar instruments				35.6		35.6		—		—
	Insurance contracts				56.7		—		56.7		—
	Auction rate securities				4.3		—		—		4.3
	Derivative contracts				0.9		—		0.9		—

		Total Assets		$	474.6	$	412.7	$	57.6	$	4.3

Liabilities
	Derivative contracts			$	1.2	$	—	$	1.2	$	—
	Contingent consideration				1.7		—		—		1.7

		Total Liabilities		$	2.9	$	—	$	1.2	$	1.7

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

			Three Months Ended						Nine Months Ended
		September 29,			October 1,			September 29,			October 1,
(In millions)			2012			2011			2012			2011

Auction Rate Securities
	Beginning Balance		$	4.3		$	4.4		$	4.3		$	4.6
	Sale of securities			—			(0.2)			—			(0.5)
	Total unrealized gains included in other comprehensive income			—			0.2			—			0.3

	Ending Balance		$	4.3		$	4.4		$	4.3		$	4.4

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

			Three Months Ended						Nine Months Ended
		September 29,			October 1,			September 29,			October 1,
(In millions)			2012			2011			2012			2011

Contingent Consideration
	Beginning Balance		$	4.6		$	3.8		$	1.7		$	28.7
	Additions			12.9			1.4			15.8			1.4
	Payments			(0.7)			(2.2)			(1.0)			(27.3)
	Change in fair value included in earnings			—			—			0.3			—
	Currency translation			—			(0.1)			—			0.1

	Ending Balance		$	16.8		$	2.9		$	16.8		$	2.9

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

				Fair Value – Assets					Fair Value – Liabilities
			September 29,			December 31,		September 29,			December 31,
(In millions)				2012		2011			2012		2011

Derivatives Not Designated as Hedging Instruments
	Foreign currency exchange contracts (a)			$	0.3	$	0.9		$	0.5	$	1.2

(a)		The fair value of the foreign currency exchange contracts is included in the consolidated balance sheet under the captions other current assets or other accrued expenses.

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

				Gain (Loss) Recognized
				Three Months Ended						Nine Months Ended
			September 29,			October 1,			September 29,			October 1,
(In millions)				2012			2011			2012			2011

Derivatives Designated as Fair Value Hedges
	Interest rate swaps			$	—		$	3.2		$	—		$	16.5
Derivatives Not Designated as Fair Value Hedges
	Foreign currency exchange contracts
		Included in cost of revenues			1.2			—			2.6			—
		Included in other expense, net			(8.8)			25.0			(2.2)			31.9

Fair Value, by Balance Sheet Grouping [Table Text Block]

The carrying amount and fair value of the company's notes receivable and debt obligations are as follows:

			September 29, 2012				December 31, 2011
			Carrying		Fair		Carrying		Fair
(In millions)			Value		Value		Value		Value

Notes Receivable			$	5.7	$	5.7	$	6.5	$	6.5

Debt Obligations:
	Senior notes			7,374.2		7,809.3		6,093.0		6,454.6
	Commercial paper			50.0		50.0		900.0		900.0
	Other			48.1		48.1		35.0		35.0

			$	7,472.3	$	7,907.4	$	7,028.0	$	7,389.6

		The fair value of debt obligations was determined based on quoted market prices and on borrowing rates
available to the company at the respective period ends which represent level 2 measurements.

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]

The carrying amount and fair value of the company's notes receivable and debt obligations are as follows:

			September 29, 2012				December 31, 2011
			Carrying		Fair		Carrying		Fair
(In millions)			Value		Value		Value		Value

Notes Receivable			$	5.7	$	5.7	$	6.5	$	6.5

Debt Obligations:
	Senior notes			7,374.2		7,809.3		6,093.0		6,454.6
	Commercial paper			50.0		50.0		900.0		900.0
	Other			48.1		48.1		35.0		35.0

			$	7,472.3	$	7,907.4	$	7,028.0	$	7,389.6

		The fair value of debt obligations was determined based on quoted market prices and on borrowing rates
available to the company at the respective period ends which represent level 2 measurements.

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References+ Details

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 14

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 18

-Subparagraph c(2), d, e, f

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 10

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15

-Subparagraph b-d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13467-108611

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 19

-Subparagraph a, b, c(1), d(1)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

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-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 45

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-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph a, c(1), c(2), c(3), d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13476-108611

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 30

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

+ Details

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References+ Details

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References+ Details

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References+ Details