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Derivative Instruments and Hedging Activities (Tables) | 6 Months Ended
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Jun. 28, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivative Instrument Fair Value | The following table summarizes the fair value of the Company’s derivative financial instruments (in thousands):
| June 28, 2015 |  | December 31, 2014 |  | June 29, 2014
Derivatives Designated As Hedging Instruments Under ASC Topic 815 | Notional Value |  | Asset Fair Value(a) |  | Liability Fair Value(b) |  | Notional Value |  | Asset Fair Value(a) |  | Liability Fair Value(b) |  | Notional Value |  | Asset Fair Value(a) |  | Liability Fair Value(b)
Foreign currency contracts(c) | $ | 367,309 |  |  | $ | 23,136 |  |  | $ | — |  |  | $ | 339,077 |  |  | $ | 32,244 |  |  | $ | — |  |  | $ | 398,338 |  |  | $ | 3,091 |  |  | $ | 1,461 |
Commodity contracts(c) | 1,166 |  |  | — |  |  | 98 |  |  | 1,728 |  |  | — |  |  | 414 |  |  | 1,411 |  |  | — |  |  | 17 |
Treasury rate locks(c) | 300,000 |  |  | 3,365 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 668,475 |  |  | $ | 26,501 |  |  | $ | 98 |  |  | $ | 340,805 |  |  | $ | 32,244 |  |  | $ | 414 |  |  | $ | 399,749 |  |  | $ | 3,091 |  |  | $ | 1,478 |
| June 28, 2015 |  | December 31, 2014 |  | June 29, 2014
Derivatives Not Designated As Hedging Instruments Under ASC Topic 815 | Notional Value |  | Asset Fair Value(a) |  | Liability Fair Value(b) |  | Notional Value |  | Asset Fair Value(a) |  | Liability Fair Value(b) |  | Notional Value |  | Asset Fair Value(a) |  | Liability Fair Value(b)
Commodity contracts | $ | 8,218 |  |  | $ | — |  |  | $ | 888 |  |  | $ | 11,804 |  |  | $ | — |  |  | $ | 1,613 |  |  | $ | 7,754 |  |  | $ | 68 |  |  | $ | — |
| $ | 8,218 |  |  | $ | — |  |  | $ | 888 |  |  | $ | 11,804 |  |  | $ | — |  |  | $ | 1,613 |  |  | $ | 7,754 |  |  | $ | 68 |  |  | $ | — |
(a) | Foreign currency and commodity contract fair value included in other current assets and Treasury rate lock fair value included in other long-term assets
(b) | Included in accrued liabilities
(c) | Derivative designated as a cash flow hedge
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) | The following tables summarize the amount of gains and losses related to derivative financial instruments designated as cash flow hedges (in thousands):
| Amount of Gain/(Loss) Recognized in OCI, before tax
| Three months ended |  | Six months ended
Cash Flow Hedges | June 28, 2015 |  | June 29, 2014 |  | June 28, 2015 |  | June 29, 2014
Foreign currency contracts | $ | (4,458 | ) |  | $ | 3,931 |  |  | $ | 28,210 |  |  | $ | 2,493 |
Commodity contracts | (3 | ) |  | (24 | ) |  | (123 | ) |  | 191 |
Treasury rate locks | 3,365 |  |  | — |  |  | 3,365 |  |  | — |
Total | $ | (1,096 | ) |  | $ | 3,907 |  |  | $ | 31,452 |  |  | $ | 2,684 |
| Amount of Gain/(Loss) Reclassified from AOCL into Income |  |
| Three months ended |  | Six months ended |  | Expected to be Reclassified
Cash Flow Hedges | June 28, 2015 |  | June 29, 2014 |  | June 28, 2015 |  | June 29, 2014 |  | Over the Next Twelve Months
Foreign currency contracts(a) | $ | 20,131 |  |  | $ | (1,183 | ) |  | $ | 35,407 |  |  | $ | (2,241 | ) |  | $ | 23,461 |
Commodity contracts(a) | (125 | ) |  | 87 |  |  | (439 | ) |  | 283 |  |  | (98 | )
Treasury rate locks(b) | — |  |  | — |  |  | — |  |  | — |  |  | 191 |
Total | $ | 20,006 |  |  | $ | (1,096 | ) |  | $ | 34,968 |  |  | $ | (1,958 | ) |  | $ | 23,554 |
(a) | Gain/(loss) reclassified from accumulated other comprehensive loss (AOCL) to income is included in cost of goods sold
(b) | Gain/(loss) reclassified from accumulated other comprehensive loss (AOCL) to income will be included in interest expense
For the three and six months ended June 28, 2015 and June 29, 2014, the cash flow hedges were highly effective and, as a result, the amount of hedge ineffectiveness was not material. No amounts were excluded from effectiveness testing.
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location | The following tables summarize the amount of gains and losses related to derivative financial instruments not designated as hedging instruments (in thousands):
| Amount of Gain/(Loss) Recognized in Income on Derivative
| Three months ended |  | Six months ended
Derivatives Not Designated As Hedges | June 28, 2015 |  | June 29, 2014 |  | June 28, 2015 |  | June 29, 2014
Commodity contracts(a) | $ | 14 |  |  | $ | 184 |  |  | $ | (526 | ) |  | $ | (144 | )
Total | $ | 14 |  |  | $ | 184 |  |  | $ | (526 | ) |  | $ | (144 | )
(a) | Gain/(loss) recognized in income is included in cost of goods sold.

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- Definition 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=35706170&loc=SL5624171-113959 + 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=35706170&loc=SL5624163-113959 + Details
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