Debt and Other Financing Arrangements	6 Months Ended
Jun. 29, 2013
Debt And Other Financing Arrangements Disclosure [Abstract]
Debt and Other Financing Arrangements [Text Block]	Note 8. Debt and Other Financing Arrangements Credit Facilities The company had a revolving credit facility with a bank group that provided for up to $1.5 billion of unsecured multi-currency revolving credit consisting of a $1 billion 5-year credit agreement, with the ability to request an additional $500 million. The facility was due to expire in April 2017, however, the company negotiated a new revolving credit facility in July 2013 which replaced the previously existing credit facility (Note 15). As of June 29, 2013, no borrowings were outstanding under the then existing facility, although available capacity was reduced by approximately $49 million as a result of outstanding letters of credit. In connection with the planned acquisition of Life Technologies, the company entered into a bridge credit agreement and a term loan agreement. The bridge credit agreement is a 364-day unsecured committed bridge facility in the principal amount of $3.56 billion as of August 2, 2013. The term loan agreement is a 3-year unsecured $5 billion term loan facility. Borrowing under both agreements is conditioned on, among other things, the consummation of the Life Technologies Acquisition. The agreements call for interest at either a LIBOR-based rate or a rate based on the prime lending rate of the agent bank, at the company's option. The agreements contain affirmative, negative and financial covenants, and events of default customary for financings of this type. The financial covenants require the company to maintain a Consolidated Leverage Ratio of debt to EBITDA (as defined in the agreements) below 5.5 to 1.0 during the first six months after the borrowing date and decreasing, based on the passage of time, to 3.5 to 1.0, beginning 18 months after the borrowing date. The company must also maintain a minimum interest coverage ratio of 3.0 to 1.0. The company expects to issue long-term debt to replace the bridge facility. Cash Flow Hedge Arrangements During the second quarter of 2013, the company entered into forward starting pay fixed interest rate swap agreements to mitigate the risk of interest rates rising prior to completion of a debt offering. Based on the company's conclusion that a debt offering is probable as a result of debt maturing in 2014 and that such debt would carry semi-annual interest payments over a 10-year term, the swaps hedge the cash flow risk for each of the semi-annual fixed-rate interest payments on $200 million of principal amount of the planned 10-year fixed-rate debt issue. The increase in the fair value of the hedges, $7 million, net of tax, as of June 29, 2013, was classified as an increase to accumulated other comprehensive items within shareholder's equity. As of August 1, 2013, the company had entered such agreements for an aggregate of $375 million of principal amount.

Debt and Other Financing Arrangements

6 Months Ended

Jun. 29, 2013

Debt And Other Financing Arrangements Disclosure [Abstract]

Debt and Other Financing Arrangements [Text Block]

Note 8. Debt and Other Financing Arrangements

Credit Facilities

The company had a revolving credit facility with a bank group that provided for up to $1.5 billion of unsecured multi-currency revolving credit consisting of a $1 billion 5-year credit agreement, with the ability to request an additional $500 million. The facility was due to expire in April 2017, however, the company negotiated a new revolving credit facility in July 2013 which replaced the previously existing credit facility (Note 15). As of June 29, 2013, no borrowings were outstanding under the then existing facility, although available capacity was reduced by approximately $49 million as a result of outstanding letters of credit.

In connection with the planned acquisition of Life Technologies, the company entered into a bridge credit agreement and a term loan agreement. The bridge credit agreement is a 364-day unsecured committed bridge facility in the principal amount of $3.56 billion as of August 2, 2013. The term loan agreement is a 3-year unsecured $5 billion term loan facility. Borrowing under both agreements is conditioned on, among other things, the consummation of the Life Technologies Acquisition. The agreements call for interest at either a LIBOR-based rate or a rate based on the prime lending rate of the agent bank, at the company's option. The agreements contain affirmative, negative and financial covenants, and events of default customary for financings of this type. The financial covenants require the company to maintain a Consolidated Leverage Ratio of debt to EBITDA (as defined in the agreements) below 5.5 to 1.0 during the first six months after the borrowing date and decreasing, based on the passage of time, to 3.5 to 1.0, beginning 18 months after the borrowing date. The company must also maintain a minimum interest coverage ratio of 3.0 to 1.0. The company expects to issue long-term debt to replace the bridge facility.

Cash Flow Hedge Arrangements

During the second quarter of 2013, the company entered into forward starting pay fixed interest rate swap agreements to mitigate the risk of interest rates rising prior to completion of a debt offering. Based on the company's conclusion that a debt offering is probable as a result of debt maturing in 2014 and that such debt would carry semi-annual interest payments over a 10-year term, the swaps hedge the cash flow risk for each of the semi-annual fixed-rate interest payments on $200 million of principal amount of the planned 10-year fixed-rate debt issue. The increase in the fair value of the hedges, $7 million, net of tax, as of June 29, 2013, was classified as an increase to accumulated other comprehensive items within shareholder's equity. As of August 1, 2013, the company had entered such agreements for an aggregate of $375 million of principal amount.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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