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Derivative Instruments and Hedging Activities (Tables) | 3 Months Ended
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Mar. 27, 2016
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):
| March 27, 2016 |  | December 31, 2015 |  | March 29, 2015
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) | $ | 488,193 |  |  | $ | 3,592 |  |  | $ | 2,222 |  |  | $ | 436,352 |  |  | $ | 16,167 |  |  | $ | 181 |  |  | $ | 416,844 |  |  | $ | 49,290 |  |  | $ | 12 |
Commodity contracts(c) | 895 |  |  | — |  |  | 135 |  |  | 968 |  |  | — |  |  | 159 |  |  | 1,432 |  |  | — |  |  | 220 |
Total | $ | 489,088 |  |  | $ | 3,592 |  |  | $ | 2,357 |  |  | $ | 437,320 |  |  | $ | 16,167 |  |  | $ | 340 |  |  | $ | 418,276 |  |  | $ | 49,290 |  |  | $ | 232 |
| March 27, 2016 |  | December 31, 2015 |  | March 29, 2015
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 | $ | 6,004 |  |  | $ | 59 |  |  | $ | 819 |  |  | $ | 6,510 |  |  | $ | 68 |  |  | $ | 960 |  |  | $ | 11,358 |  |  | $ | — |  |  | $ | 1,654 |
| $ | 6,004 |  |  | $ | 59 |  |  | $ | 819 |  |  | $ | 6,510 |  |  | $ | 68 |  |  | $ | 960 |  |  | $ | 11,358 |  |  | $ | — |  |  | $ | 1,654 |
(a) | Included in other current 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
Cash Flow Hedges | March 27, 2016 |  | March 29, 2015
Foreign currency contracts | $ | (12,523 | ) |  | $ | 32,668 |
Commodity contracts | (192 | ) |  | (120 | )
Total | $ | (12,715 | ) |  | $ | 32,548 |
| Amount of Gain/(Loss) Reclassified from AOCL into Income |  |
| Three months ended |  | Expected to be Reclassified
Cash Flow Hedges | March 27, 2016 |  | March 29, 2015 |  | Over the Next Twelve Months
Foreign currency contracts(a) | $ | 856 |  |  | $ | 15,276 |  |  | $ | 3,359 |
Commodity contracts(a) | (215 | ) |  | (315 | ) |  | (135 | )
Treasury rate locks(b) | (90 | ) |  | — |  |  | (362 | )
Total | $ | 551 |  |  | $ | 14,961 |  |  | $ | 2,862 |
(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 is included in interest expense
For the three months ended March 27, 2016 and March 29, 2015, 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
Derivatives Not Designated As Hedges |  | March 27, 2016 |  | March 29, 2015
Commodity contracts(a) |  | $ | (292 | ) |  | $ | (540 | )
Total |  | $ | (292 | ) |  | $ | (540 | )
(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=56946850&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=56946850&loc=SL5624163-113959 + Details
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- Definition Tabular disclosure for other derivative instruments not designated as hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the 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 4C -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959 + Details
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