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Other Income and Expense (Tables)
12 Months Ended
Dec. 29, 2012
Other Income and Expenses [Abstract]  
Summarization of other income and expenses
The table below summarizes other income and expense:
 
For the years ended
 
December 29, 2012
 
December 31, 2011
 
December 25, 2010
 
(In millions)
Bridge facility fees(1)
$
(13.0
)
 
$

 
$

Euro currency purchase loss(2)
(57.9
)
 

 

Gain from Foster's swap and related financial instruments(3)

 
0.8

 
47.9

Gain (loss) from foreign exchange and derivatives(4)
(25.2
)
 
(6.9
)
 
(3.4
)
Environmental reserve
(0.4
)
 
(0.2
)
 
0.2

Loss related to the change in designation of cross currency swaps(5)

 
(6.7
)
 

Other, net(6)
6.2

 
2.0

 
(0.8
)
Other income (expense), net
$
(90.3
)
 
$
(11.0
)
 
$
43.9

(1)
See Note 14, "Debt" for further discussion.
(2)
In connection with the Acquisition, we used the proceeds from our issuance of the $1.9 billion senior notes to purchase Euros in the second quarter of 2012. As a result of a negative foreign exchange movement between the Euro and USD prior to using these proceeds to fund the Acquisition, we realized a foreign exchange loss on our Euro cash holdings.
(3)
During 2010, we settled the majority of our Foster's Group Limited's ("Foster's") (ASX:FGL) total return swaps, which we used to gain an economic interest exposure to Foster's stock, and related option contracts, which we used to limit our exposure to future changes in Foster's stock price. The remaining total return swaps and related options matured in January of 2011.
(4)
Included in this amount is $23.8 million of losses for 2012 related to foreign currency movements on foreign-denominated financing instruments entered into in conjunction with the financing and the closing of the Acquisition. See Note 14, "Debt" for further discussion of financing activities related to the Acquisition.
(5)
See Note 18, "Derivative Instruments and Hedging Activities" under "Cross Currency Swaps" sub-heading for further discussion.
(6)
Included in this amount is a $5.2 million gain related to the sale of water rights in 2012. This also includes gains of $1.0 million in 2011 and $0.5 million in 2010 related to sales of non-core real estate to related but unconsolidated parties. During 2010, we sold the historic Coors family home in Golden, Colorado, to the Adolph Coors Company LLC for $0.5 million. During 2011, we sold non-core real estate in Golden to MillerCoors for $1.0 million. The selling price in both instances was based on a market appraisal by an independent third party.