DERIVATIVES AND RISK MANAGEMENT (Tables)

9 Months Ended

Sep. 28, 2013

Schedule of outstanding forward contracts

As of September 28, 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	175.8	U.S. Dollar	231.6
British Pound	21.7	U.S. Dollar	33.7
Canadian Dollar	31.0	U.S. Dollar	30.1
Japanese Yen	2,342.0	U.S. Dollar	25.6
Mexican Peso	166.0	U.S. Dollar	12.8
Australian Dollar	12.1	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 Third 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	September 28, 2013			September 29, 2012
Foreign exchange forward contracts	$	(4,733	)	$	(121	)
Interest rate swap	(922		)	0
Total loss recognized in other comprehensive income	$	(5,655	)	$	(121	)

	For the 39 Weeks			For the 39 Weeks
Derivatives Designated as Cash	Ended			Ended
Flow Hedges Under ASC 815	September 28, 2013			September 29, 2012
Foreign exchange forward contracts	$	1,055		$	3,090
Interest rate swap	(922		)	0
Total gain recognized in other comprehensive income	$	133		$	3,090

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 and gains and losses on derivatives not designated as hedging instruments recorded

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, and gains and losses on derivatives not designated as hedging instruments recorded directly to earnings during the Third 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
Derivative Contracts Under	Income		Ended			Ended
ASC 815	Location		September 28, 2013			September 29, 2012
Foreign exchange contracts designated as cash flow hedging instruments	Other income-net	Total gain reclassified from other comprehensive income	$	326		$	1,862

Foreign exchange contracts not designated as hedging instruments	Other income-net	Total gain (loss) recognized in income	$	0		$	0
Interest rate swap designated as cash flow hedging instruments	Interest expense	Total loss reclassified from other comprehensive income	$	(290	)	$	0

	Condensed
	Consolidated
	Statements of		For the 39 Weeks			For the 39 Weeks
Derivative Contracts Under	Comprehensive		Ended September 28,			Ended September 29,
ASC 815	Income Location		2013			2012
Foreign exchange contracts designated as cash flow hedging instruments	Other income-net	Total gain reclassified from other comprehensive income	$	1,124		$	4,165

Foreign exchange contracts not designated as hedging instruments	Other income-net	Total (loss) recognized in income	$	(74	)	$	0

Interest rate swap designated as cash flow hedging instruments	Interest expense	Total loss reclassified from other comprehensive income	$	(290	)	$	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

September 28, 2013

December 29, 2012

September 28, 2013

December 29, 2012

Condensed

Consolidated

Derivative Contracts Under

Balance

Fair

Balance

Fair

Balance

Fair

Balance

Fair

ASC 815

Sheets Location

Value

Sheets Location

Value

Sheets Location

Value

Sheets Location

Value

Foreign exchange contracts designated as cash flow hedging instruments

Prepaid expenses and other current assets

2,893

Prepaid expenses and other current assets

2,336

Accrued expenses- other

6,857

Accrued expenses- other

4,560

Interest rate contracts designated as cash flow hedging instruments

Prepaid expenses and other current assets

Accrued expenses- other

219

Accrued expenses- other

Foreign exchange contracts designated as cash flow hedging instruments

Intangible and other assets- net

240

Other long-term liabilities

1,065

Other long-term liabilities

582

Interest rate contracts designated as cash flow hedging instruments

Intangible and other assets- net

Other long-term liabilities

784

Other long-term liabilities

Total

2,942

2,576

8,925

5,142