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Financial Instruments (Tables)

12 Months Ended

Dec. 29, 2018

Investments, All Other Investments [Abstract]

Fair Values of Derivative Instruments Included within Accompanying Consolidated Balance Sheets

ards”). Equity forwards are used to aid in offsetting the potential mark-to-market effect on stock-based deferred compensation from changes in

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:

		Statement of Earnings Presentation		Effective Portion of Gain Recognized in Income
(Amounts in millions)				2018				2017				2016
Derivatives designated as fair value hedges:
Interest rate swaps		Interest expense		$	1.5			$	2.8			$	2.9

Effect of Derivative Instruments Designated as Cash Flow Hedges Included in Accumulated OCI on Consolidated Balance Sheets and Consolidated Statements of Earnings

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												Statement of Earnings Presentation		Effective Portion of Gain Reclassified from Accumulated OCI into Income
		2018				2017				2016						2018				2017				2016
Derivatives designated as cash flow hedges:
Treasury locks		$	(0.8	)		$	6.9			$	8.8			Interest expense		$	1.5			$	1.6			$	0.3

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:

		Statement of Earnings Presentation		Gain (Loss) Recognized in Income
(Amounts in millions)				2018				2017			2016
Derivatives not designated as hedging instruments:
Foreign currency forwards		Other income   (expense) –  net		$	(40.4	)		(25.8	)		(7.4	)
Equity forwards		Operating expenses		(2.1		)		0.9			0.8

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

The fair values of financial instruments that do not approximate the carrying values in the financial statements as of 2018 and 2017 year end are as follows:

		2018								2017
(Amounts in millions)		Carrying Value				Fair Value				Carrying Value				Fair Value
Finance receivables – net		$	1,592.9			$	1,845.4			$	1,544.6			$	1,791.5
Contract receivables – net		443.2				481.2				419.4				459.1
Long-term debt, notes payable and current maturities of long-term debt		1,132.3				1,136.0				1,186.8				1,235.6

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Schedule of derivative instrument designated as fair value hedge recognized in statement of earning.

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
-Paragraph 2
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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

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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

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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
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