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Derivative Financial Instruments (Tables)
 12 Months Ended
Jan. 02, 2016
Derivative [Line Items]  
Schedule Of Fair Values Of Derivative Instruments
Fair values of derivative instruments were (in millions):
 
 
January 2, 2016
 
 
Prepaid Expenses
 
Other Noncurrent Assets
 
Hedging Obligations (Current)
 
Hedging Obligations (Noncurrent)
Designated as hedging instruments:
 
 
 
 
 
 
 
 
   Interest rate swap contracts
 
$
—

 
$
—

 
$
—

 
$
7.8

   Currency contracts
 
0.7

 
0.4

 
29.9

 
19.5

   Commodity contracts
 
0.1

 
—

 
8.7

 
—

Not designated as hedging instruments:
 
 
 
 
 
 
 
 
   Currency contracts
 
0.5

 
0.6

 
0.9

 
0.3

   Commodity contracts
 
5.1

 
—

 
5.2

 
—

Total Derivatives
 
$
6.4

 
$
1.0

 
$
44.7

 
$
27.6


 
 
January 3, 2015
 
 
Prepaid Expenses
 
Other Noncurrent Assets
 
Hedging Obligations (Current)
 
Hedging Obligations (Noncurrent)
Designated as hedging instruments:
 
 
 
 
 
 
 
 
   Interest rate swap contracts
 
$
—

 
$
—

 
$
—

 
$
11.9

   Currency contracts
 
1.6

 
—

 
15.9

 
10.3

   Commodity contracts
 
—

 
—

 
9.8

 
0.1

Not designated as hedging instruments:
 
 
 
 
 
 
 
 
   Currency contracts
 
—

 
—

 
1.6

 
0.2

   Commodity contracts
 
2.3

 
—

 
2.4

 
—

Total Derivatives
 
$
3.9

 
$
—

 
$
29.7

 
$
22.5
Schedule Of Cash Flow Hedging Instruments
The effect of derivative instruments on the consolidated statements of income and comprehensive income for fiscal 2015, 2014 and 2013 were (in millions):
 
 
Fiscal 2015
 
 
 
 
 
 
Interest
 
 
 
 
Commodity
 
Currency
 
Rate
 
 
 
 
Forwards
 
Forwards
 
Swaps
 
Total
Gain (Loss) recognized in Other Comprehensive Income (Loss)
 
$
(22.3
)
 
$
(46.5
)
 
$
(1.1
)
 
$
(69.9
)
Amounts reclassified from Other Comprehensive Income (Loss):
 
 
 
 
 
 
 
 
Gain recognized in Net Sales
 
—

 
0.2

 
—

 
0.2

Loss recognized in Cost of Sales
 
(19.8
)
 
(18.5
)
 
—

 
(38.3
)
Loss recognized in Interest Expense
 
—

 
—

 
(5.2
)
 
(5.2
)

 
 
Fiscal 2014
 
 
 
 
 
 
Interest
 
 
 
 
Commodity
 
Currency
 
Rate
 
 
 
 
Forwards
 
Forwards
 
Swaps
 
Total
Gain (Loss) recognized in Other Comprehensive Income (Loss)
 
$
(18.8
)
 
$
(25.2
)
 
$
(0.5
)
 
$
(44.5
)
Amounts reclassified from Other Comprehensive Income (Loss):
 
 
 
 
 
 
 
 
(Loss) Gain recognized in Cost of Sales
 
(7.1
)
 
7.6

 
—

 
0.5

Loss recognized in Interest Expense
 
—

 
—

 
(10.3
)
 
(10.3
)

 
 
Fiscal 2013
 
 
 
 
 
 
Interest
 
 
 
 
Commodity
 
Currency
 
Rate
 
 
 
 
Forwards
 
Forwards
 
Swaps
 
Total
Gain (Loss) recognized in Other Comprehensive Income (Loss)
 
$
(11.3
)
 
$
8.8

 
$
0.7

 
$
(1.8
)
Amounts reclassified from Other Comprehensive Income (Loss):
 
 
 
 
 
 
 
 
Loss recognized in Net Sales
 
—

 
(0.9
)
 
—

 
(0.9
)
(Loss) Gain recognized in Cost of Sales
 
(8.3
)
 
7.5

 
—

 
(0.8
)
Loss recognized in Interest Expense
 
—

 
—

 
(12.8
)
 
(12.8
)
Derivatives Offsetting Disclosures
The following table presents the derivative assets and derivative liabilities presented on a net basis under enforceable master netting agreements (in millions):
 
 
January 2, 2016
 
 
Gross Amounts as Presented in the Consolidated Balance Sheet
 
Derivative Contract Amounts Subject to Right of Offset
 
Derivative Contracts as Presented on a Net Basis
Prepaid Expenses and Other Current Assets:
 
 
 
 
 
 
Derivative Currency Contracts
 
$
1.2

 
$
(1.2
)
 
$
—

Derivative Commodity Contracts
 
5.2

 
(5.2
)
 
—

Other Noncurrent Assets:
 
 
 
 
 
 
Derivative Currency Contracts
 
1.0

 
(1.0
)
 
—

Hedging Obligations Current:
 
 
 
 
 
 
Derivative Currency Contracts
 
30.8

 
(1.2
)
 
29.6

Derivative Commodity Contracts
 
13.9

 
(5.2
)
 
8.7

Hedging Obligations:
 
 
 
 
 
 
Derivative Currency Contracts
 
19.8

 
(1.0
)
 
18.8

 
 
January 3, 2015
 
 
Gross Amounts as Presented in the Consolidated Balance Sheet
 
Derivative Contract Amounts Subject to Right of Offset
 
Derivative Contracts as Presented on a Net Basis
Prepaid Expenses and Other Current Assets:
 
 
 
 
 
 
Derivative Currency Contracts
 
$
1.6

 
$
(1.3
)
 
$
0.3

Derivative Commodity Contracts
 
2.3

 
(2.3
)
 
—

Hedging Obligations Current:
 
 
 
 
 
 
Derivative Currency Contracts
 
17.5

 
(1.3
)
 
16.2

Derivative Commodity Contracts
 
12.2

 
(2.3
)
 
9.9

Hedging Obligations:
 
 
 
 
 
 
  Derivative Currency Contracts
 
10.5

 
—

 
10.5

  Derivative Commodity Contracts
 
0.1

 
—

 
0.1
Commodity Forward Contracts [Member]  
Derivative [Line Items]  
Schedule Of Notional Amounts Of Forward Contracts
The Company had outstanding the following notional amounts to hedge forecasted purchases of commodities (in millions):
 
 
January 2, 2016
 
January 3, 2015
 
 
 
Copper
 
$
59.4

 
$
137.4

Aluminum
 
4.2

 
5.2
Currency Forward Contracts [Member]  
Derivative [Line Items]  
Schedule Of Notional Amounts Of Forward Contracts
The Company had outstanding the following notional amounts of currency forward contracts (in millions):
 
 
January 2, 2016
 
January 3, 2015
 
 
 
Mexican Peso
 
$
339.4

 
$
324.1

Chinese Renminbi
 
233.9

 
206.1

Indian Rupee
 
54.5

 
51.7

Euro
 
68.5

 
17.8

Canadian Dollar
 
6.2

 
8.6

Australian Dollar
 
10.8

 
4.3

Thai Baht
 
3.7

 
3.5

Japanese Yen
 
2.7

 
—

Great Britain Pound
 
4.8

 
—

Singapore Dollar
 
0.5

 
—