FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 29, 2012

FINANCIAL INSTRUMENTS

Balances and locations of derivatives

The following table provides the balances and locations of derivatives as of December 29, 2012:

	Asset			Liability
(In millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign exchange contracts	Other current assets	$	10.0	Other accrued liabilities	$	2.8
Commodity contracts				Other accrued liabilities		.9
				Long-term retirement benefits and other liabilities		.1
		$	10.0		$	3.8

The following table provides the balances and locations of derivatives as of December 31, 2011:

	Asset			Liability
(In millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign exchange contracts	Other current assets	$	6.5	Other accrued liabilities	$	15.7
Commodity contracts				Long-term retirement benefits and other liabilities		2.9
		$	6.5		$	18.6

Components of the gain (loss) recognized in income related to fair value hedge contracts

(In millions)	Location of Gain (Loss) in Income	2012		2011			2010
Foreign exchange contracts	Cost of products sold	$	–	$	.5		$	(3.4	)
Foreign exchange contracts	Marketing, general and administrative expense		17.8		(13.0	)		40.2
		$	17.8	$	(12.5	)	$	36.8

Components of the gain (loss) recognized in accumulated other comprehensive loss on derivatives

(In millions)	2012			2011			2010
Foreign exchange contracts	$	(.9	)	$	.3		$	(4.8	)
Commodity contracts		(.9	)		(3.3	)		(4.0	)
Interest rate contacts		–			–			(.3	)
	$	(1.8	)	$	(3.0	)	$	(9.1	)

Components of the gain (loss) reclassified from accumulated other comprehensive loss

(In millions)	Location of Gain (Loss) in Income	2012			2011			2010
Foreign exchange contracts	Cost of products sold	$	(2.5	)	$	.9		$	(4.0	)
Commodity contracts	Cost of products sold		(2.8	)		(2.9	)		(4.6	)
Interest rate contracts	Interest expense		(4.4	)		(4.2	)		(4.8	)
		$	(9.7	)	$	(6.2	)	$	(13.4	)