Financial Instruments (Tables)

6 Months Ended

Jun. 29, 2013

Fair Value of Outstanding Foreign Currency Derivative Contracts and Related Classification

The fair value of outstanding foreign currency derivative contracts and the related classification in the accompanying condensed consolidated balance sheets as of June 29, 2013 and December 31, 2012, are shown below (in millions):

	June 29, 2013			December 31, 2012
Contracts qualifying for hedge accounting:
Other current assets	$	16.4		$	22.3
Other long-term assets		0.8			0.5
Other current liabilities		(6.0	)		(2.8	)
Other long-term liabilities		(3.7	)		(0.1	)
		7.5			19.9
Contracts not qualifying for hedge accounting:
Other current assets		2.4			0.1
Other current liabilities		(1.9	)		(0.1	)
		0.5			—
	$	8.0		$	19.9

Fair Value Measurements and Related Valuation Techniques and Fair Value Hierarchy Level

Fair value measurements and the related valuation techniques and fair value hierarchy level for the Company’s assets and liabilities measured at fair value on a recurring basis as of June 29, 2013 and December 31, 2012, are shown below (in millions):

	June 29, 2013
	Frequency	Asset (Liability)		Valuation Technique	Level 1		Level 2		Level 3
Foreign currency derivative contracts, net	Recurring	$	8.0	Market/Income	$	—	$	8.0	$	—

	December 31, 2012
	Frequency	Asset (Liability)		Valuation Technique	Level 1		Level 2		Level 3
Foreign currency derivative contracts, net	Recurring	$	19.9	Market/Income	$	—	$	19.9	$	—

Foreign Exchange Contract

Pretax Amounts Related to Derivative Contracts

Pretax amounts related to foreign currency derivative contracts that were recognized in and reclassified from accumulated other comprehensive loss are shown below (in millions):

	Three Months Ended						Six Months Ended
	June 29, 2013			June 30, 2012			June 29, 2013			June 30, 2012
Contracts qualifying for hedge accounting:
Gains (losses) recognized in accumulated other comprehensive loss	$	(11.8	)	$	(9.7	)	$	6.4		$	29.8
(Gains) losses reclassified from accumulated other comprehensive loss		(10.6	)		5.0			(18.8	)		5.9
Comprehensive income (loss)	$	(22.4	)	$	(4.7	)	$	(12.4	)	$	35.7

Commodity Contract

Pretax Amounts Related to Derivative Contracts

Pretax amounts related to commodity swap contracts that were recognized in and reclassified from accumulated other comprehensive loss are shown below (in millions):

	Six Months Ended
	June 30, 2012
Contracts qualifying for hedge accounting:
Gains recognized in accumulated other comprehensive loss	$	0.1
Losses reclassified from accumulated other comprehensive loss		0.2
Comprehensive income	$	0.3