Derivatives and Risk Management (Tables)

12 Months Ended

Dec. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of outstanding forward contracts

As of December 30, 2017, 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	245.2	U.S. dollar	286.6
Canadian dollar	88.4	U.S. dollar	68.7
British pound	41.1	U.S. dollar	54.8
Japanese yen	4,105.7	U.S. dollar	37.9
Mexican peso	388.5	U.S. dollar	20.2
Australian dollar	8.6	U.S. dollar	6.7
U.S. dollar	33.5	Japanese Yen	3,670.0

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 2017, 2016 and 2015 are set forth below (in thousands):



Fiscal Year	2017			2016			2015
Cash flow hedges:
Forward contracts	$	(25,088	)	$	13,565		$	22,763
Interest rate swaps	278			(730		)	1,544
Total gain (loss) recognized in other comprehensive income (loss), net of taxes	$	(24,810	)	$	12,835		$	24,307

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 2017, 2016 and 2015 (in thousands):



Derivative Instruments	Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) Location	Effect of Derivative Instruments	Fiscal Year 2017			Fiscal Year 2016			Fiscal Year 2015
Forward contracts designated as cash flow hedging instruments	Other income (expense)-net	Total gain (loss) reclassified from accumulated other comprehensive income (loss)	$	(4,297	)	$	10,986		$	29,629
Forward contracts not designated as hedging instruments	Other income (expense)-net	Total gain (loss) recognized in income	$	(652	)	$	(82	)	$	(210	)
Interest rate swap designated as a cash flow hedging instrument	Interest expense	Total gain (loss) reclassified from accumulated other comprehensive income (loss)	$	(260	)	$	(1,080	)	$	(1,596	)
Interest rate swap not designated as a cash flow hedging instrument	Other income (expense)-net	Total gain (loss) reclassified from accumulated other comprehensive income (loss)	$	195		$	—		$	—
Interest rate swap designated as a cash flow hedging instrument	Other income (expense)-net	Total gain (loss) reclassified from accumulated 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
	December 30, 2017			December 31, 2016			December 30, 2017			December 31, 2016
	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	$	2,291	Prepaid expenses and other current assets	$	23,288	Accrued expenses-other	$	14,798	Accrued expenses-other	$	4,696
Forward contracts not designated as cash flow hedging instruments	Prepaid expenses and other current assets	—		Prepaid expenses and other current assets	—		Accrued expenses-other	362		Accrued expenses-other	2
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	—		Accrued expenses-other	613
Interest rate swap not designated as a cash flow hedging instrument	Prepaid expenses and other current assets	195		Prepaid expenses and other current assets	—		Accrued expenses-other	—		Accrued expenses-other	—
Forward contracts designated as cash flow hedging instruments	Intangible and other assets-net	147		Intangible and other assets-net	5,648		Other long-term liabilities	2,725		Other long-term liabilities	268
Interest rate swap designated as a cash flow hedging instrument	Intangible and other assets-net	—		Intangible and other assets-net	73		Other long-term liabilities	—		Other long-term liabilities	—
Total		$	2,633		$	29,009		$	17,885		$	5,579