Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 28, 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 contracts as of December 28, 2012:



Foreign Currency Contracts Qualifying as Cash Flow Hedges:		Notional Amount
Euro	€	292.6	million
British pound	£	17.4	million
Japanese yen	JPY	4,357.9	million
Costa Rican colon	CRC	53,015.1	million
Philippine peso	PHP	68.7	million
Brazilian real	BRL	12.8	million
Kenya shilling	KES	1,032.4	million

Bunker Fuel Swap Contracts Qualifying as Cash Flow Hedges:		Notional Amount
3% U.S. Gulf Coast		65,988	barrels
3.5% Rotterdam Barge		5,397	metric tons

Fair Values of Derivative Instruments

The following table reflects the fair values of derivative instruments as of December 28, 2012 (U.S. dollars in millions):



Derivatives Designated as Hedging Instruments ⁽¹⁾
	Foreign exchange contracts				Bunker fuel swap agreements
Balance Sheet Location:	December 28, 2012 ⁽²⁾		December 30, 2011 ⁽²⁾		December 28, 2012
Asset derivatives:
Prepaid expenses and other current assets	$	4.6	$	22.3	$	0.1
Other noncurrent assets	—		—		—
Total asset derivatives	$	4.6	$	22.3	$	0.1

Liability derivatives:
Accounts payable and accrued expenses	$	18.4	$	14.8	$	0.1
Other noncurrent liabilities	0.1		—		—
Total liability derivatives	$	18.5	$	14.8	$	0.1

⁽¹⁾ See Note 18, "Fair Value Measurements", for fair value disclosures.

⁽²⁾ We expect that $(13.4) million and $(0.1) 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 months and 2014, respectively, along with the effect of the related forecasted transaction.

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 years ended December 28, 2012 and 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 28, 2012			December 30, 2011			December 28, 2012			December 30, 2011
Foreign exchange contracts	$	(18.6	)	$	24.5	Net sales	$	12.1		$	(20.0	)
Foreign exchange contracts	(2.4		)	1.8		Cost of products sold	5.2			1.0
Bunker fuel swap agreements ⁽¹⁾	(0.1		)	—		Cost of products sold	(0.1		)	—
Total	$	(21.1	)	$	26.3		$	17.2		$	(19.0	)

⁽¹⁾ The bunker fuel swap agreements had an ineffective portion of less than $0.1 million for the years ended December 28, 2012 and December 30, 2011.

- 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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