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Financial Instruments (Tables) | 9 Months Ended
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Sep. 29, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Fair values of derivative instruments | As of September 29, 2012, the fair values of the Company’s derivative instruments were:
(in millions) |  |  |  |
|  | Derivative Assets |  | Derivative Liabilities
Instrument |  | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value
Foreign exchange contracts |  | Prepaid expenses and other |  | $ | 0.7 |  |  | Accrued expenses |  | $ | 2.4 |
Commodity contracts |  | Prepaid expenses and other |  | 0.8 |  |  | Accrued expenses |  | 1.5 |
Interest rate contracts |  | Prepaid expenses and other |  | — |  |  | Accrued expenses |  | 6.1 |
Total |  |  |  | $ | 1.5 |  |  |  |  | $ | 10.0 |
As of December 31, 2011, the fair values of the Company’s derivative instruments were:
(in millions) |  |  |  |
|  | Derivative Assets |  | Derivative Liabilities
Instrument |  | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value
Foreign exchange contracts |  | Prepaid expenses and other |  | $ | 3.9 |  |  | Accrued expenses |  | $ | 1.5 |
Commodity contracts |  | Prepaid expenses and other |  | — |  |  | Accrued expenses |  | 4.1 |
Interest rate contracts |  | Prepaid expenses and other |  | — |  |  | Accrued expenses |  | 2.4 |
Total |  |  |  | $ | 3.9 |  |  |  |  | $ | 8.0 |
Condensed Consolidated Statements of Comprehensive Income - effect of derivative instruments | The effect of derivative instruments on the Condensed Consolidated Statements of Comprehensive Income for the three months ended September 29, 2012 was:
(in millions) |  |  |  |
Fair Value Hedging Instruments |  | Location of (Loss) on Derivatives Recognized in Earnings |  | Amount of (Loss) on Derivatives Recognized in Earnings
Foreign exchange contracts |  | Cost of sales |  | $ | (0.4 | )
Foreign exchange contracts |  | Other income (expense), net |  | (0.2 | )
Total |  |  |  | $ | (0.6 | )
Cash Flow Hedge Instruments |  | Amount of Gain (Loss) on Derivatives Recognized in Accumulated Other Comprehensive Loss (Effective Portion) |  | Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings (Effective Portion) |  | Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings (Effective Portion)
Interest rate contracts |  | $ | (0.8 | ) |  | Interest expense |  | $ | 0.2 |
Foreign exchange contracts |  | (2.7 | ) |  | Cost of sales |  | 0.6 |
Commodity contracts |  | 3.0 |  |  | Cost of sales |  | (1.4 | )
Total |  | $ | (0.5 | ) |  |  |  | $ | (0.6 | )
The effect of derivative instruments on the Condensed Consolidated Statements of Comprehensive Income for the nine months ended September 29, 2012 was:
(in millions) |  |  |  |
Fair Value Hedging Instruments |  | Location of Gain (Loss) on Derivatives Recognized in Earnings |  | Amount of Gain (Loss) on Derivatives Recognized in Earnings
Foreign exchange contracts |  | Cost of sales |  | $ | 0.9 |
Foreign exchange contracts |  | Other income (expense), net |  | (0.2 | )
Total |  |  |  | $ | 0.7 |
Cash Flow Hedge Instruments |  | Amount of Gain (Loss) on Derivatives Recognized in Accumulated Other Comprehensive Loss (Effective Portion) |  | Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings (Effective Portion) |  | Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings (Effective Portion)
Interest rate contracts |  | $ | (3.7 | ) |  | Interest expense |  | $ | 0.7 |
Foreign exchange contracts |  | (4.2 | ) |  | Cost of sales |  | 0.4 |
Commodity contracts |  | 0.1 |  |  | Cost of sales |  | (3.5 | )
Total |  | $ | (7.8 | ) |  |  |  | $ | (2.4 | )
The effect of derivative instruments on the Condensed Consolidated Statements of Comprehensive Income for the three months ended October 1, 2011 was:
(in millions) |  |  |  |
Fair Value Hedging Instruments |  | Location of Gain (Loss) on Derivatives Recognized in Earnings |  | Amount of Gain (Loss) on Derivatives Recognized in Earnings
Foreign exchange contracts |  | Cost of sales |  | $ | 1.2 |
Foreign exchange contracts |  | Other income (expense), net |  | 0.2 |
Total |  |  |  | $ | 1.4 |
Cash Flow Hedge Instruments |  | Amount of Gain (Loss) on Derivatives Recognized in Accumulated Other Comprehensive Loss (Effective Portion) |  | Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings (Effective Portion) |  | Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings (Effective Portion)
Interest rate contracts |  | $ | (2.5 | ) |  | Interest expense |  | $ | 0.2 |
Foreign exchange contracts |  | 3.9 |  |  | Cost of sales |  | (3.3 | )
Commodity contracts |  | (2.5 | ) |  | Cost of sales |  | 0.9 |
Total |  | $ | (1.1 | ) |  |  |  | $ | (2.2 | )
The effect of derivative instruments on the Condensed Consolidated Statements of Comprehensive Income for the nine months ended October 1, 2011 was:
(in millions) |  |  |  |
Fair Value Hedging Instruments |  | Location of Gain (Loss) on Derivatives Recognized in Earnings |  | Amount of Gain (Loss) on Derivatives Recognized in Earnings
Foreign exchange contracts |  | Cost of sales |  | $ | (1.1 | )
Foreign exchange contracts |  | Other income (expense), net |  | 0.1 |
Total |  |  |  | $ | (1.0 | )
Cash Flow Hedge Instruments |  | Amount of Gain (Loss) on Derivatives Recognized in Accumulated Other Comprehensive Loss (Effective Portion) |  | Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings (Effective Portion) |  | Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings (Effective Portion)
Interest rate contracts |  | $ | (2.5 | ) |  | Interest expense |  | $ | 0.7 |
Foreign exchange contracts |  | (2.8 | ) |  | Cost of sales |  | (9.4 | )
Commodity contracts |  | (1.3 | ) |  | Cost of sales |  | 2.8 |
Total |  | $ | (6.6 | ) |  |  |  | $ | (5.9 | )

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- Definition Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 205G -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 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624171-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5618551-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 44C -Subparagraph 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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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624163-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 205G -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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 44C -Subparagraph a -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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