Derivatives and Risk Management (Tables)

12 Months Ended

Jan. 02, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of outstanding forward contracts

As of January 2, 2016, the Company had the following outstanding forward contracts designated as cash flow hedges that were entered into to hedge the future payments of intercompany inventory transactions (in millions):



Functional Currency		Contract Currency
Type	Amount	Type	Amount
Euro	228.6	U.S. dollar	259.5
British pound	46.2	U.S. dollar	71.2
Canadian dollar	68.7	U.S. dollar	52.8
Japanese yen	3,927.2	U.S. dollar	32.9
Mexican peso	360.6	U.S. dollar	21.6
Australian dollar	17.9	U.S. dollar	13.0

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 cash flow hedges that were recognized in other comprehensive income (loss), net of taxes during fiscal years 2015, 2014 and 2013 are set forth below (in thousands):



	For the Fiscal Year Ended January 2, 2016		For the Fiscal Year Ended January 3, 2015			For the Fiscal Year Ended December 28, 2013
Cash flow hedges:
Forward contracts	$	22,763	$	22,927		$	(1,391	)
Interest rate swaps	1,544		(2,159		)	(1,031		)
Total gain (loss) recognized in other comprehensive income (loss), net of taxes	$	24,307	$	20,768		$	(2,422	)

Schedule of effective portion of gains and losses on derivative instruments designated and qualifying as cash flow hedges 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 fiscal years 2015, 2014 and 2013 (in thousands):



Derivative Instruments	Consolidated Statements of Income and Comprehensive Income Location	Effect of Derivative Instruments	For the Fiscal Year Ended January 2, 2016			For the Fiscal Year Ended January 3, 2015			For the Fiscal Year Ended December 28, 2013
Forward contracts designated as cash flow hedging instruments	Other income (expense)-net	Total gain (loss) reclassified from other comprehensive income (loss)	$	29,629		$	5,856		$	(246	)
Forward contracts not designated as hedging instruments	Other income (expense)-net	Total gain (loss) recognized in income	$	(210	)	$	(148	)	$	567
Interest rate swap designated as a cash flow hedging instrument	Interest expense	Total gain (loss) reclassified from other comprehensive income (loss)	$	(1,596	)	$	(1,763	)	$	(925	)
Interest rate swap designated as a cash flow hedging instrument	Other income (expense)-net	Total gain (loss) reclassified from other comprehensive income (loss)	$	3,331		$	—		$	—

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 consolidated balance sheets in which the fair value amounts for these categories of derivative instruments are included (in thousands):



	Asset Derivatives						Liability Derivatives
	January 2, 2016			January 3, 2015			January 2, 2016			January 3, 2015
	Consolidated Balance Sheets Location	Fair Value		Consolidated Balance Sheets Location	Fair Value		Consolidated Balance Sheets Location	Fair Value		Consolidated Balance Sheets Location	Fair Value
Forward contracts designated as cash flow hedging instruments	Prepaid expenses and other current assets	$	13,184	Prepaid expenses and other current assets	$	25,867	Accrued expenses-other	$	477	Accrued expenses-other	$	—
Forward contracts not designated as cash flow hedging instruments	Prepaid expenses and other current assets	$	167	Prepaid expenses and other current assets	—		Accrued expenses-other	71		Accrued expenses-other	—
Interest rate swap designated as a cash flow hedging instrument	Prepaid expenses and other current assets	$	—	Prepaid expenses and other current assets	—		Accrued expenses-other	1,273		Accrued expenses-other	2,157
Forward contracts designated as cash flow hedging instruments	Intangible and other assets-net	$	2,785	Intangible and other assets-net	1,802		Other long-term liabilities	250		Other long-term liabilities	—
Interest rate swap designated as a cash flow hedging instrument	Intangible and other assets-net	$	311	Intangible and other assets-net	1,724		Other long-term liabilities	128		Other long-term liabilities	357
Total		$	16,447		$	29,393		$	2,199		$	2,514