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DERIVATIVES AND RISK MANAGEMENT (Tables) | 6 Months Ended
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Jun. 29, 2013
Derivatives |
Schedule of outstanding forward contracts | As of June 29, 2013, the Company had the following outstanding forward contracts that were entered into to hedge the future payments of intercompany inventory transactions (in millions):
Functional Currency |  | Contract Currency |
Type |  | Amount |  | Type |  | Amount |
Euro |  | 179.3 |  | U.S. Dollar |  | 234.6 |
British Pound |  | 20.4 |  | U.S. Dollar |  | 31.7 |
Japanese Yen |  | 2,321.6 |  | U.S. Dollar |  | 26.4 |
Canadian Dollar |  | 28.3 |  | U.S. Dollar |  | 27.7 |
Mexican Peso |  | 148.9 |  | U.S. Dollar |  | 11.6 |
Australian Dollar |  | 11.6 |  | U.S. Dollar |  | 11.4 |
Schedule of effective portion of gains and losses on derivative instruments recognized in other comprehensive income (loss), net of taxes | The effective portion of gains and losses on derivative instruments that was recognized in other comprehensive income (loss), net of taxes during the Second Quarter, Prior Year Quarter, Year To Date Period and the Prior Year YTD Period is set forth below (in thousands):
Derivatives Designated as Cash |  | For the 13 Weeks Ended |  | For the 13 Weeks Ended |
Flow Hedges Under ASC 815 |  | June 29, 2013 |  | June 30, 2012 |
Foreign exchange forward contracts |  | $ | 2,442 |  | $ | 3,708 |
Total gain recognized in other comprehensive income (loss) |  | $ | 2,442 |  | $ | 3,708 |
|  | For the 26 Weeks |  | For the 26 Weeks |
Derivatives Designated as Cash |  | Ended |  | Ended |
Flow Hedges Under ASC 815 |  | June 29, 2013 |  | June 30, 2012 |
Foreign exchange forward contracts |  | $ | 5,788 |  | $ | 3,211 |
Total gain recognized in other comprehensive income (loss) |  | $ | 5,788 |  | $ | 3,211 |
Schedule of effective portion of gains and losses on derivative instruments recorded in other comprehensive income (loss), net of taxes during the term of the hedging relationship and reclassified into earnings | The following table illustrates the effective portion of gains and losses on derivative instruments recorded in other comprehensive income (loss), net of taxes during the term of the hedging relationship and reclassified into earnings during the Second Quarter, Prior Year Quarter, Year To Date Period, and Prior Year YTD Period (in thousands):
|  | Condensed |  |  |  |  |  |  |
|  | Consolidated |  |  |  |  |  |  |
|  | Statements of |  |  |  |  |  |  |
|  | Comprehensive |  |  |  | For the 13 Weeks |  | For the 13 Weeks |
Foreign Exchange Forward |  | Income |  |  |  | Ended |  | Ended |
Contracts Under ASC 815 |  | Location |  |  |  | June 29, 2013 |  | June 30, 2012 |
Cash flow hedging instruments |  | Other (expense) income-net |  | Total gain reclassified from other comprehensive income (loss) |  | $ | 843 |  | $ | 1,451 |
Not designated as hedging instruments |  | Other (expense) income-net |  | Total loss recognized in income |  | $ | (74 | ) | $ | 0 |
|  | Condensed |  |  |  |  |  |  |
|  | Consolidated |  |  |  |  |  |  |
|  | Statements of |  |  |  | For the 26 Weeks |  | For the 26 Weeks |
Foreign Exchange Forward |  | Comprehensive |  |  |  | Ended |  | Ended |
Contracts Under ASC 815 |  | Income Location |  |  |  | June 29, 2013 |  | June 30, 2012 |
Cash flow hedging instruments |  | Other (expense) income-net |  | T otal gain reclassified from other comprehensive income (loss) |  | $ | 798 |  | $ | 2,303 |
Not designated as hedging instruments |  | Other (expense) income-net |  | Total loss recognized in income |  | $ | (74 | ) | $ | 0 |
Schedule of fair value amounts for derivative instruments as separate asset and liability values on a gross basis and their location on condensed consolidated balance sheets | The following table discloses the fair value amounts for the Company’s derivative instruments as separate asset and liability values, presents the fair value of derivative instruments on a gross basis, and identifies the line items in the condensed consolidated balance sheets in which the fair value amounts for these categories of derivative instruments are included (in thousands):
|  | Asset Derivatives |  | Liability Derivatives |
|  | June 29, 2013 |  | December 29, 2012 |  | June 29, 2013 |  | December 29, 2012 |
Foreign |  | Condensed |  |  |  |  |  |  |  | Condensed |  |  |  |  |  |  |
Exchange |  | Consolidated |  |  |  | Consolidated |  |  |  | Consolidated |  |  |  | Consolidated |  |  |
Contracts |  | Balance |  |  |  | Balance |  |  |  | Balance |  |  |  | Balance |  |  |
Under |  | Sheet |  | Fair |  | Sheet |  | Fair |  | Sheet |  | Fair |  | Sheet |  | Fair |
ASC 815 |  | Location |  | Value |  | Location |  | Value |  | Location |  | Value |  | Location |  | Value |
Cash flow hedging instruments |  | Prepaid expenses and other current assets |  | $ | 7,710 |  | Prepaid expenses and other current assets |  | $ | 2,336 |  | Accrued expenses- other |  | $ | 1,426 |  | Accrued expenses- other |  | $ | 4,560 |
Cash flow hedging instruments |  | Intangible and other assets-net |  | 688 |  | Intangible and other assets-net |  | 240 |  | Other long-term liabilities |  | 57 |  | Other long-term liabilities |  | 582 |
Total |  |  |  | $ | 8,398 |  |  |  | $ | 2,576 |  |  |  | $ | 1,483 |  |  |  | $ | 5,142 |

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- Definition Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) 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 (b) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 + Details
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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 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. Reference 3: 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=7476318&loc=SL5624171-113959 Reference 4: 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=7476318&loc=SL5618551-113959 + 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 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 4B -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959 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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