XML 81 R34.htm IDEA: XBRL DOCUMENT
v3.19.3

Hedging Transactions And Derivative Financial Instruments (Tables) | 9 Months Ended
--- | ---
Sep. 27, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivative Instruments, Gain (Loss) [Table Text Block] | The following table summarizes the notional values as of September 27, 2019 and pretax impact of changes in the fair values of instruments designated as net investment hedges and cash flow hedges in accumulated other comprehensive income (“OCI”) for the three and nine-month periods then ended ($ in millions):
| Notional Amount |  | Gain (Loss) Recognized in OCI
For the Three-Month Period Ended September 27, 2019: |  |  |
Foreign currency contracts | $ | 1,650.0 |  |  | $ | 41.5 |
Foreign currency denominated debt | 8,073.6 |  |  | 255.2 |
Interest rate swaps | 1,500.0 |  |  | (55.1 | )
Total | $ | 11,223.6 |  |  | $ | 241.6 |
For the Nine-Month Period Ended September 27, 2019: |  |  |
Foreign currency contracts | $ | 1,650.0 |  |  | $ | 36.8 |
Foreign currency denominated debt | 8,073.6 |  |  | 263.5 |
Interest rate swaps | 1,500.0 |  |  | (64.0 | )
Total | $ | 11,223.6 |  |  | $ | 236.3 |
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block] | The following table summarizes the notional values as of September 27, 2019 and pretax impact of changes in the fair values of instruments designated as net investment hedges and cash flow hedges in accumulated other comprehensive income (“OCI”) for the three and nine-month periods then ended ($ in millions):
| Notional Amount |  | Gain (Loss) Recognized in OCI
For the Three-Month Period Ended September 27, 2019: |  |  |
Foreign currency contracts | $ | 1,650.0 |  |  | $ | 41.5 |
Foreign currency denominated debt | 8,073.6 |  |  | 255.2 |
Interest rate swaps | 1,500.0 |  |  | (55.1 | )
Total | $ | 11,223.6 |  |  | $ | 241.6 |
For the Nine-Month Period Ended September 27, 2019: |  |  |
Foreign currency contracts | $ | 1,650.0 |  |  | $ | 36.8 |
Foreign currency denominated debt | 8,073.6 |  |  | 263.5 |
Interest rate swaps | 1,500.0 |  |  | (64.0 | )
Total | $ | 11,223.6 |  |  | $ | 236.3 |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value | The Company’s derivative instruments, as well as its nonderivative debt instruments designated and qualifying as net investment hedges, were classified as of September 27, 2019 in the Company’s Consolidated Condensed Balance Sheet as follows ($ in millions):
Derivative assets: |
Prepaid expenses and other current assets | $ | 36.8 |
Derivative liabilities: |
Accrued expenses and other liabilities | 64.0 |
Nonderivative hedging instruments: |
Long-term debt | 8,073.6 |

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5579245-113959 + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration