Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 30, 2012

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 and bunker fuel swap contracts as of March 30, 2012:

Foreign Currency Contracts Qualifying as Cash Flow Hedges:	Notional Amount			Bunker Fuel Swap Contracts Qualifying as Cash Flow Hedges:	Notional Amount
Euro	€	122.4	million	3% U.S. Gulf Coast	79,542	barrels
British pound	£	5.7	million	3.5% Rotterdam Barge	15,822	metric tons
Japanese yen	JPY	7,973.7	million	Singapore 380	1,490	metric tons
Costa Rican colon	CRC	12,539.9	million
Chilean peso	CLP	2,821.1	million
Brazilian real	BRL	11.5	million
Kenya shilling	KES	1,093.9	million

Fair Values of Derivative Instruments

The following table reflects the fair values of derivative instruments , all of which are designated as Level 2 of the fair value hierarchy, as of March 30, 2012 and December 30, 2011 (U.S. dollars in millions):

Derivatives Designated as Hedging Instruments (1)
	Foreign exchange contracts				Bunker fuel swap agreements
Balance Sheet Location:	March 30, 2012		December 30, 2011 (2)		March 30, 2012
Asset derivatives:
Prepaid expenses and other current assets	$	12.8	$	22.3	$	1.9
Total asset derivatives	$	12.8	$	22.3	$	1.9
Liability derivatives:
Accounts payable and accrued expenses	$	4.7	$	14.8	$	—
Total liability derivatives	$	4.7	$	14.8	$	—

⁽¹⁾ See Note 16, "Fair Value Measurements", for fair value disclosures.

⁽²⁾ We expect that $10.5 million of the net fair value of hedges recognized as a net loss in accumulated other comprehensive income ("AOCI") will be transferred to earnings during the next 12 mont

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 quarters ended March 30, 2012 and April 1, 2011, respectively (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)
	Quarter ended						Quarter ended
	March 30, 2012		April 1, 2011				March 30, 2012		April 1, 2011
Foreign exchange contracts	$	0.1	$	1.7		Net sales	$	3.4	$	(2.9	)
Foreign exchange contracts	0.8		(0.5		)	Cost of products sold	1.1		0.1
Bunker fuel swap agreements (1)	1.9		—			Cost of products sold	—		—
Total	$	2.8	$	1.2			$	4.5	$	(2.8	)

⁽¹⁾ The bunker fuel swap agreements had an ineffective portion of $0.1 million for the quarters ended March 30, 2012 and April 1, 2011.