Financial Instruments (Tables)

12 Months Ended

Dec. 28, 2013

Investments All Other Investments [Abstract]

Fair Value of Derivative Instruments Included within Consolidated Balance Sheets

The fair value of derivative instruments included within the Consolidated Balance Sheets as of 2013 and 2012 year end are as follows:


		2013				2012
(Amounts in millions)	Balance Sheet Presentation	Asset Derivatives Fair Value		Liability Derivatives Fair Value		Asset Derivatives Fair Value		Liability Derivatives Fair Value
Derivatives designated as hedging instruments:
Interest rate swaps	Other assets	$	10.1	$	–	$	21.4	$	–


Derivatives not designated as hedging instruments:
Foreign currency forwards	Prepaid expenses and other assets	$	4.1	$	–	$	8.9	$	–
Foreign currency forwards	Other accrued liabilities		–		5.6		–		1.8
Equity forwards	Prepaid expenses and other assets		11.5		–		–		–


Total			15.6		5.6		8.9		1.8


Total derivative instruments		$	25.7	$	5.6	$	30.3	$	1.8

Derivative Instruments Designated as Fair Value Hedges Included in Consolidated Statements of Earnings

The effect of derivative instruments designated as fair value hedges as included in the Consolidated Statements of Earnings is as follows:

		Effective Portion of Gain Recognized in Income
(Amounts in millions)	Statement of Earnings Presentation	2013		2012		2011
Derivatives designated as fair value hedges:
Interest rate swaps	Interest expense	$	4.0	$	3.4	$	4.9

Effects of Derivative Instruments Designated as Cash Flow Hedges Included in Accumulated OCI on Consolidated Balance Sheets

The effect of derivative instruments designated as cash flow hedges as included in Accumulated OCI on the Consolidated Balance Sheets and the Consolidated Statements of Earnings is as follows:


(Amounts in millions)	Effective Portion of Gain Recognized in Accumulated OCI							Effective Portion of Gain Reclassified from Accumulated OCI into Income
(Amounts in millions)	2013		2012		2011		Statement of Earnings Presentation	2013		2012		2011
Derivatives designated as cash flow hedges:
Treasury locks	$	–	$	–	$	–	Interest expense	$	0.4	$	0.4	$	0.4

Derivative Instruments Not Designated as Hedges Included in Consolidated Statements of Earnings

The effects of derivative instruments not designated as hedging instruments as included in the Consolidated Statements of Earnings are as follows:


		Gain Recognized in Income
(Amounts in millions)	Statement of Earnings Presentation	2013		2012		2011
Derivatives not designated as hedging instruments:
Foreign currency forwards	Other income (expense) – net	$	1.9	$	11.0	$	7.8
Equity forwards	Operating expenses		3.3		–		–

Fair Values of Financial Instruments Not Approximating Carrying Values in Financial Statements

Fair value of financial instruments: The fair values of financial instruments that do not approximate the carrying values in the financial statements as of 2013 and 2012 year end are as follows:


	2013				2012
(Amounts in millions)	Carrying Value		Fair Value		Carrying Value		Fair Value
Finance receivables – net	$	935.2	$	1,084.1	$	817.7	$	948.9
Contract receivables – net		285.5		326.7		257.1		300.6
Long-term debt and notes payable and current maturities of long-term debt		972.0		1,078.9		975.6		1,126.7

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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