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Derivatives and Financial Instruments (Tables) | 9 Months Ended
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Sep. 29, 2012
Assets and Liabilities Measured at Fair Value | Financial assets and liabilities measured at fair value on a recurring basis were as follows:
Recurring fair value measurements |  | As of September 29, 2012 |
In thousands |  | Total |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Cash-flow hedges |  | $ | (3,599 | ) |  | $ | — |  |  | $ | (3,599 | ) |  | $ | — |
Foreign currency contracts (3) |  |  | 1,827 |  |  |  | — |  |  |  | 1,827 |  |  |  | — |
Deferred compensation plan (1) (3) |  |  | 54,856 |  |  |  | 54,856 |  |  |  | — |  |  |  | — |
Total recurring fair value measurements |  | $ | 53,084 |  |  | $ | 54,856 |  |  | $ | (1,772 | ) |  | $ | — |
Recurring fair value measurements |  | As of December 31, 2011 |
In thousands |  | Total |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Cash-flow hedges |  | $ | (8,034 | ) |  | $ | — |  |  | $ | (8,034 | ) |  | $ | — |
Foreign currency contracts |  |  | (99 | ) |  |  | — |  |  |  | (99 | ) |  |  | — |
Deferred compensation plan (1) |  |  | 22,987 |  |  |  | 22,987 |  |  |  | — |  |  |  | — |
Total recurring fair value measurements |  | $ | 14,854 |  |  | $ | 22,987 |  |  | $ | (8,133 | ) |  | $ | — |
Nonrecurring fair value measurements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill (2) |  | $ | 242,800 |  |  | $ | — |  |  | $ | — |  |  | $ | 242,800 |
Recurring fair value measurements |  | As of October 1, 2011 |
In thousands |  | Total |  |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |
Cash-flow hedges |  | $ | (10,504 | ) |  | $ | — |  |  | $ | (10,504 | ) |  | $ | — |
Deferred compensation plan (1) |  |  | 21,684 |  |  |  | 21,684 |  |  |  | — |  |  |  | — |
Total recurring fair value measurements |  | $ | 11,180 |  |  | $ | 21,684 |  |  | $ | (10,504 | ) |  | $ | — |
(1) | Deferred compensation plan assets include mutual funds and cash equivalents for payment of certain non-qualified benefits for retired, terminated and active employees. The fair value of these assets was based on quoted market prices in active markets.
(2) | In the fourth quarter of 2011, we completed our annual goodwill impairment review. As a result, we recorded a pre-tax non-cash goodwill impairment charge of $200.5 million in our Residential Filtration reporting unit. The fair value of each reporting unit is determined using a discounted cash flow analysis and market approach. Projecting discounted future cash flows requires us to make significant estimates regarding future revenues and expenses, projected capital expenditures, changes in working capital and the appropriate discount rate. Use of the market approach consists of comparisons to comparable publicly-traded companies that are similar in size and industry. Actual results may differ from those used in our valuations. The implied fair value of goodwill is determined by allocating the fair value of the reporting unit in a manner similar to a purchase price allocation.
(3) | Includes a foreign currency contract valued at $0.3 million and deferred compensation plan assets valued on a preliminary basis at $27.2 million acquired in the Merger.

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- Definition Tabular disclosure related to assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a recurring and/or nonrecurring basis in periods after initial recognition. Disclosures include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3) as well as transfers between levels 1 and 2. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 6 -Footnote 4 -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 Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a,b,bb) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=7578670&loc=SL7498348-110258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19279-110258 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 33 -Subparagraph a, b -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. + Details
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