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MARKETABLE SECURITIES (Tables)
 3 Months Ended
Mar. 28, 2014
Investments, Debt and Equity Securities [Abstract]  
Schedule of available-for-sale securities
The following tables present the amortized cost and fair value of our marketable securities, which are carried at fair value (in millions):
 
March 28, 2014
 
Amortized Cost
 
Fair Value
Certificates of deposit
$
9.5

 
$
9.5

Variable-rate demand notes
1.8

 
1.8

Commercial paper
5.0

 
5.0

Municipal debt securities
10.4

 
10.4

Corporate debt securities
9.6

 
9.6

 
$
36.3

 
$
36.3

 
December 27, 2013
 
Amortized Cost
 
Fair Value
Certificates of deposit
$
10.0

 
$
9.9

Variable-rate demand notes
5.8

 
5.8

Commercial paper
5.0

 
5.0

 
$
20.8

 
$
20.7
Schedule of available-for-sale securities by contractual maturity
The amortized cost and fair value by contractual maturity of our marketable securities are as follows (in millions):
 
March 28, 2014
 
Amortized Cost
 
Fair Value
Due in one year or less (1)
$
31.8

 
$
31.8

Due after one year (2)
4.5

 
4.5

 
$
36.3

 
$
36.3


(1)
Amounts due in one year or less include CDs, corporate debt securities, municipal debt securities, commercial paper, and a VRDN. As of March 28, 2014, the VRDN had a contractual maturity date greater than 18 years. Although this security is issued as long-term, it is priced and traded as short-term because of the high liquidity provided through the tender feature. It is not our intent to hold to maturity.
(2)
Amounts due after one year include CDs with maturities within two years and are recorded in Other assets on the Consolidated Balance Sheets.
The amortized cost and fair value by contractual maturity of our held-to-maturity investments are as follows (in millions):
 
March 28, 2014
 
Amortized Cost
 
Fair Value
Due in one year or less
$
10.9

 
$
10.9

Due after one year through five years
41.2

 
41.9

Due after five years through ten years
29.8

 
29.8

 
$
81.9

 
$
82.6