Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 28, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Outstanding Foreign Currency Forward Contracts that were Entered into to Hedge Forecasted Cash Flows

We had the following outstanding foreign currency forward contracts as of December 28, 2018:

Foreign Currency Contracts Qualifying as Cash Flow Hedges:		Notional Amount
Euro	€	73.2	million
Japanese yen	JPY	2,634.5	million
Korean won	KRW	35,974.4	million

Fair Values of Derivative Instruments

The following table reflects the fair values of derivative instruments, which are designated as level 2 in the fair value hierarchy, as of December 28, 2018 and December 29, 2017 (U.S. dollars in millions):

	Derivatives Designated as Hedging Instruments (1)
	Foreign exchange contracts				Interest Rate Swaps				Total
Balance Sheet Location:	December 28, 2018		December 29, 2017		December 28, 2018		December 29, 2017		December 28, 2018			December 29, 2017
Asset derivatives:
Prepaid expenses and other current assets	$	1.6	$	—	$	—	$	—	$	1.6		$	—
Total asset derivatives	$	1.6	$	—	$	—	$	—	$	1.6		$	—
Liability derivatives:
Accounts payable and accrued expenses	$	0.8	$	1.4	$	—	$	—	$	0.8	(2)	$	1.4
Other non-current liabilities	—		—		7.6		—		7.6		(2)	—
Total liability derivatives	$	0.8	$	1.4	$	7.6	$	—	$	8.4		$	1.4

⁽¹⁾ See Note 19, "Fair Value Measurements," for fair value disclosures.

⁽²⁾ We expect that $0.8 million of the fair value of hedges recognized as a net loss in accumulated other comprehensive income ("AOCI") will be transferred to earnings during the next 12 months, and the remaining net loss of $7.6 million in AOCI over a period of 10 years, along with the earnings effect of the related forecasted transactions.

Effect of Derivative Instruments on the Consolidated Statements of Income

The following table reflects the effect of derivative instruments on the Consolidated Statements of Operations for the years ended December 28, 2018 and December 29, 2017 (U.S. dollars in millions):

Derivatives in Cash Flow Hedging Relationships	Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives (Effective Portion)						Location of (Loss) Gain Reclassified from AOCI into Income (Effective Portion)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
	Year ended							Year ended
	December 28, 2018			December 29, 2017				December 28, 2018			December 29, 2017
Foreign exchange contracts	$	1.6		$	(5.4	)	Net sales	$	5.3		$	(1.2	)
Foreign exchange contracts	0.6			(1.4		)	Cost of products sold	—			0.3
Interest rate swaps, net of tax	(6.6		)	—			Interest expense	(1.5		)	—
Total	$	(4.4	)	$	(6.8	)		$	3.8		$	(0.9	)