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Financial Instruments (Tables)

6 Months Ended

Jun. 27, 2015

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Fair Value of Outstanding Foreign Currency Derivative Contracts and Related Classification

The fair value of outstanding foreign currency derivative contracts and the related classification in the accompanying condensed consolidated balance sheets as of June 27, 2015 and December 31, 2014, are shown below (in millions):

	June 27, 2015				December 31, 2014
Contracts qualifying for hedge accounting:
Other current assets	$	11.6			$	6.8
Other long-term assets	0.2				0.1
Other current liabilities	(37.8		)		(38.5		)
Other long-term liabilities	(9.0		)		(6.1		)
	(35.0		)		(37.7		)
Contracts not qualifying for hedge accounting:
Other current assets	4.0				2.1
Other current liabilities	(1.0		)		(1.0		)
	3.0				1.1
	$	(32.0	)		$	(36.6	)

Fair Value Measurements and Related Valuation Techniques and Fair Value Hierarchy Level

Fair value measurements and the related valuation techniques and fair value hierarchy level for the Company’s assets and liabilities measured at fair value on a recurring basis as of June 27, 2015 and December 31, 2014, are shown below (in millions):

	June 27, 2015
	Frequency		Asset (Liability)				Valuation Technique		Level 1				Level 2				Level 3
Foreign currency derivative contracts, net	Recurring		$	(32.0	)		Market/ Income		$	—			$	(32.0	)		$	—

	December 31, 2014
	Frequency		Asset (Liability)				Valuation Technique		Level 1				Level 2				Level 3
Foreign currency derivative contracts, net	Recurring		$	(36.6	)		Market/ Income		$	—			$	(36.6	)		$	—

Foreign exchange contract

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Pretax Amounts Related to Derivative Contracts

Pretax amounts related to foreign currency derivative contracts that were recognized in and reclassified from accumulated other comprehensive loss are shown below (in millions):

	Three Months Ended								Six Months Ended
	June 27, 2015				June 28, 2014				June 27, 2015				June 28, 2014
Contracts qualifying for hedge accounting:
(Losses) gains recognized in accumulated other comprehensive loss	$	(12.6	)		$	7.3			$	(9.2	)		$	10.5
Losses (gains) reclassified from accumulated other comprehensive loss	7.2				(3.5		)		11.9				(4.5		)
Comprehensive income (loss)	$	(5.4	)		$	3.8			$	2.7			$	6.0

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Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 815



-SubTopic 10



-Section 50



-Paragraph 4C



-Subparagraph (c)



-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: 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=36462937&loc=d3e19190-110258

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Tabular disclosure of the presentation of foreign exchange contracts on the statement of financial position, including the fair value amounts and location of such amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 815



-SubTopic 10



-Section 50



-Paragraph 4B



-Subparagraph (c)(1)



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