Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 30, 2011

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 30, 2011:



Foreign Currency Contracts Qualifying as Cash Flow Hedges:		Notional Amount
Euro	€	168.6	million
British pound	£	7.2	million
Japanese yen	JPY	9,964.7	million
Costa Rican colon	CRC	12,556.6	million
Chilean Peso	CLP	3,750.0	million
Brazilian real	BRL	14.9	million
Kenya shilling	KES	1,508.6	million

Fair Values of Derivative Instruments

The following table reflects the fair values of derivative instruments as of December 30, 2011 (U.S. dollars in millions):



Derivatives Designated as Hedging Instruments ⁽¹⁾
	Foreign exchange contracts
Balance Sheet Location:	December 30, 2011 ⁽²⁾	December 31, 2010
Asset derivatives:
Prepaid expenses and other current assets	22.3	$	4.1
Other noncurrent assets	—	—
Total asset derivatives	22.3	$	4.1

Liability derivatives:
Accounts payable and accrued expenses	14.8	$	13.6
Other noncurrent liabilities	—	9.1
Total liability derivatives	14.8	$	22.7

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

⁽²⁾ We expect that $7.7 million of the net fair value of hedges recognized as a net gain in accumulated other comprehensive income ("AOCI") will be transferred to earnings during the next 12 months.

Effect of Derivative Instruments on the Consolidated Statements of Income

The following table reflects the effect of derivative instruments on the Consolidated Statements of Income for the year ended December 30, 2011 (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 Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
	Year ended						Year ended
	December 30, 2011		December 31, 2010				December 30, 2011			December 31, 2010
Foreign exchange contracts	$	24.5	$	(33.9	)	Net sales	$	(20.0	)	$	21.7
Foreign exchange contracts	1.8		(0.9		)	Cost of products sold	1.0			0.9
Bunker fuel swap agreements ⁽¹⁾	—		(4.3		)	Cost of products sold	—			3.6
Total	$	26.3	$	(39.1	)		$	(19.0	)	$	26.2

⁽¹⁾ The bunker fuel swap agreements had an ineffective portion of less than $0.1 million for the year ended

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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