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Derivative Instruments and Hedging Activities (Tables)
 3 Months Ended
Mar. 30, 2019
Derivative Instruments, Gain (Loss) [Line Items]  
Schedule Of Company's Derivative Position And Its Impact On Company Table
The following table summarizes the Company's derivative positions, which are the only assets and liabilities recorded at fair value on a recurring basis, and the impact they had on the Company's financial position as of March 30, 2019 and December 29, 2018. Fair values were determined based on third party quotations (Level 2 fair value measurement):

 
Asset derivatives
 
Liability derivatives
 
 
 
 
Fair value
 
 
 
Fair value
Derivatives designated as hedging instruments (in millions)
 
Balance sheet location
 
Mar 30,
2019
 
Dec 29,
2018
 
Balance sheet location
 
Mar 30,
2019
 
Dec 29,
2018
Foreign exchange contracts
 
Non-trade amounts receivable
 
$
17.3

 
$
26.7

 
Accrued liabilities
 
$
16.6

 
$
22.6

The following table summarizes the impact of the Company's fair value hedging positions on the results of operations for the first quarters of 2019 and 2018:
Derivatives designated as fair value hedges (in millions)
 
Location of gain or (loss) recognized in income on derivatives
 
Amount of gain or (loss) recognized in income on 
derivatives 
 
Location of gain or (loss) recognized in income on related hedged items
 
Amount of gain or 
(loss) recognized in 
income on related hedged items
 
 
 
 
2019
 
2018
 
 
 
2019
 
2018
Foreign exchange contracts
 
Other expense
 
$
17.3

 
$
15.1

 
Other expense
 
$
(17.3
)
 
$
(14.7
)
The following table summarizes the impact of the Company's hedging activities on comprehensive income for the first quarters of 2019 and 2018:
Cash flow and net equity hedges
(in millions)
 
Amount of gain or (loss) recognized in OCI (effective portion)
 
Location of gain or (loss) reclassified 
from accumulated 
OCI into income (effective portion)
 
Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion)
 
Location of gain or (loss) recognized in income (ineffective 
portion and amount excluded from effectiveness testing)
 
Amount of gain or (loss) recognized in income (ineffective portion and amount excluded from effectiveness testing)
Cash flow hedging relationships
 
2019
 
2018
 
 
 
2019
 
2018
 
 
 
2019
 
2018
Foreign exchange contracts
 
$
(2.8
)
 
$
(0.9
)
 
Cost of products sold
 
$
(0.5
)
 
$
0.1

 
Interest expense
 
$
—

 
$
(1.1
)
Net equity hedging relationships
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
(17.7
)
 
(17.6
)
 
 
 
 
 
 
 
Interest expense
 
—

 
(6.0
)
Euro denominated debt
 
0.8

 
(4.1
)