PENSION AND OTHER POSTRETIREMENT BENEFITS (Tables)

12 Months Ended

Dec. 29, 2012

Defined Benefit Plans

One-percentage-point change in assumed health care cost trend rates

(In millions)	One-percentage-point Increase		One-percentage-point Decrease
Effect on total of service and interest cost components	$	.02	$	(.02	)
Effect on postretirement benefit obligation		.5		(.4	)

Plan Benefit Obligations

Plan Benefit Obligations

	Pension Benefits												U.S. Postretirement Health Benefits
	2012						2011						2012			2011
(In millions)	U.S.			Int'l			U.S.			Int'l
Change in projected benefit obligation
Projected benefit obligation at beginning of year	$	835.8		$	519.5		$	744.8		$	504.7		$	12.4		$	38.7
Service cost		.3			9.0			.3			11.6			–			1.3
Interest cost		40.3			24.5			40.2			26.8			.4			1.7
Participant contribution		–			4.1			–			4.7			1.2			1.2
Amendments (1)		–			–			–			–			–			(34.1	)
Actuarial loss		131.5			50.5			88.5			17.0			1.7			7.0
Plan transfer (2)		2.0			.1			2.0			–			–			–
Benefits paid		(46.2	)		(22.3	)		(40.0	)		(21.2	)		(3.7	)		(3.4	)
Pension curtailment		–			–			–			(2.8	)		–			–
Pension settlements		–			–			–			(.5	)		–			–
Foreign currency translation		–			12.2			–			(9.2	)		–			–
Transfer of obligations to held for sale		–			–			–			(11.6	)		–			–
Projected benefit obligation at end of year	$	963.7		$	597.6		$	835.8		$	519.5		$	12.0		$	12.4
Accumulated benefit obligation at end of year	$	961.4		$	559.0		$	834.2		$	487.0

(1) Amendments to the U.S. postretirement plan to change premium subsidy and retiree eligibility.

(2) Plan transfer for the U.S. represented a transfer from our savings plan.

Plan Assets

Plan Assets

	Pension Benefits												U.S. Postretirement Health Benefits
	2012						2011						2012			2011
(In millions)	U.S.			Int'l			U.S.			Int'l
Change in plan assets
Plan assets at beginning of year	$	551.2		$	441.3		$	540.0		$	426.6		$	–		$	–
Actual return on plan assets		83.9			62.7			.7			19.7			–			–
Plan transfer (1)		2.0			–			2.0			–			–			–
Employer contribution		57.6			19.4			48.5			21.8			2.5			2.2
Participant contribution		–			4.1			–			4.7			1.2			1.2
Benefits paid		(46.2	)		(22.3	)		(40.0	)		(21.2	)		(3.7	)		(3.4	)
Pension settlements		–			–			–			(.5	)		–			–
Foreign currency translation		–			9.8			–			(8.2	)		–			–
Transfer of assets to held for sale		–			–			–			(1.6	)		–			–
Plan assets at end of year	$	648.5		$	515.0		$	551.2		$	441.3		$	–		$	–

(1) Plan transfer for the U.S. represented a transfer from our savings plan.

Funded Status

Funded Status

	Pension Benefits												U.S. Postretirement Health Benefits
	2012						2011						2012			2011
(In millions)	U.S.			Int'l			U.S.			Int'l
Funded status of the plans
Non-current assets	$	–		$	38.3		$	–		$	35.6		$	–		$	–
Current liabilities		(3.9	)		(2.1	)		(3.7	)		(2.6	)		(2.7	)		(2.9	)
Non-current liabilities		(311.3	)		(118.9	)		(280.9	)		(111.2	)		(9.3	)		(9.5	)
Plan assets less than benefit obligations	$	(315.2	)	$	(82.7	)	$	(284.6	)	$	(78.2	)	$	(12.0	)	$	(12.4	)

	Pension Benefits																		U.S. Postretirement Health Benefits
	2012						2011						2010						2012			2011			2010
	U.S.			Int'l			U.S.			Int'l			U.S.			Int'l
Weighted-average assumptions used for determining year-end obligations
Discount rate		4.00	%		3.94	%		4.75	%		4.80	%		5.50	%		5.24	%		2.85	%		3.75	%		5.25	%
Rate of increase in future compensation levels		–			2.24			–			2.79			–			2.95			–			–			–

Weighted-average assumptions used to determine benefit obligations and net periodic cost

	Pension Benefits																		U.S. Postretirement Health Benefits
	2012						2011						2010						2012			2011			2010
	U.S.			Int'l			U.S.			Int'l			U.S.			Int'l
Discount rate		4.75	%		4.80	%		5.50	%		5.24	%		6.00%	(1)		5.72	%		3.75	%		5.25	%		5.50	%
Expected long-term rate of return on plan assets		8.00			4.95			8.00			5.48			8.75			6.23			–			–			–
Rate of increase in future compensation levels		–			2.79			–			2.95			3.59			2.99			–			–			–

(1) The ADPP and BRP were remeasured on August 1, 2010 at 5.40% to reflect the freezing of benefits under those plans effective December 31, 2010.

Pretax amounts recognized in Accumulated other comprehensive income (loss), including that of discontinued operations

	Pension Benefits									U.S. Postretirement Health Benefits
	2012				2011					2012			2011
(In millions)	U.S.		Int'l		U.S.		Int'l
Net actuarial loss	$	558.8	$	131.4	$	480.2	$	118.4		$	29.9		$	31.0
Prior service cost (credit)		1.5		2.9		1.8		3.3			(43.3	)		(48.2	)
Net transition obligation (assets)		–		.4		–		(.1	)		–			–
Net amount recognized in accumulated other comprehensive loss (income)	$	560.3	$	134.7	$	482.0	$	121.6		$	(13.4	)	$	(17.2	)

Pretax amounts recognized in Other comprehensive loss (income), including that of discontinued operations

	Pension Benefits												U.S. Postretirement Health Benefits
	2012				2011				2010				2012		2011			2010
(In millions)	U.S.		Int'l		U.S.		Int'l		U.S.		Int'l
Net actuarial loss	$	93.5	$	16.4	$	133.6	$	18.1	$	15.9	$	30.1	$	1.7	$	7.0		$	1.9
Prior service cost (credit)		–		–		–		–		.8		.2		–		(34.1	)		–
Net amount recognized in other comprehensive loss (income)	$	93.5	$	16.4	$	133.6	$	18.1	$	16.7	$	30.3	$	1.7	$	(27.1	)	$	1.9

Components of net periodic benefit cost

	Pension Benefits																		U.S. Postretirement Health Benefits
	2012						2011						2010						2012			2011			2010
(In millions)	U.S.			Int'l			U.S.			Int'l			U.S.			Int'l
Service cost	$	.3		$	9.1		$	.3		$	10.5		$	19.1		$	8.6		$	–		$	1.3		$	1.2
Interest cost		40.3			24.5			40.2			26.3			32.2			23.8			.5			1.7			1.6
Expected return on plan assets		(45.9	)		(22.1	)		(45.7	)		(24.9	)		(38.9	)		(25.7	)		–			–			–
Recognized net actuarial loss		14.3			3.1			8.5			4.0			16.2			2.3			2.7			1.9			1.3
Amortization of prior service cost		.4			.4			.4			.4			.6			.4			(4.8	)		(2.5	)		(1.6	)
Amortization of transition asset		–			(.5	)		–			(.5	)		–			(.5	)		–			–			–
Recognized (gain) loss on curtailment		–			–			–			(.2	)		2.4			(.9	)		–			–			–
Recognized loss (gain) on settlement (1)		.6			–			–			(.1	)		–			.4			–			–			–
Net periodic benefit cost	$	10.0		$	14.5		$	3.7		$	15.5		$	31.6		$	8.4		$	(1.6	)	$	2.4		$	2.5

(1) Represented settlement events in the U.S. in 2012, and Belgium and Korea in 2010.

Schedule of anticipated future benefit payments

	Pension Benefits				U.S. Postretirement Health Benefits
(In millions)	U.S.		Int'l
2013	$	44.3	$	20.6	$	2.8
2014		45.7		20.9		2.2
2015		46.9		22.0		1.6
2016		48.5		23.0		1.1
2017		50.1		24.0		.9
2018 – 2022		285.3		139.0		2.4

Estimated Amortization Amounts in Accumulated Other Comprehensive Income, including that of discontinued operations

	Pension Benefits					U.S. Postretirement Health Benefits
(In millions)	U.S.		Int'l
Net actuarial loss	$	19.2	$	6.4		$	2.7
Prior service cost (credit)		.4		.4			(4.8	)
Net transition asset (obligation)		–		(.1	)		–
Net amount to be recognized	$	19.6	$	6.7		$	(2.1	)

U.S.

Defined Benefit Plans

Schedule of fair value of plan assets (all in the ADPP)

The following table sets forth, by level within the fair value hierarchy, U.S. plan assets (all in the ADPP) at fair value as of year-end 2012:

			Fair Value Measurements Using
(In millions)	Total		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets
Cash	$	8.0	$	8.0	$	–	$	–
Liability hedging portfolio
Pooled funds – Corporate debt/agencies		216.1		–		216.1		–
Total liability hedging portfolio		216.1		–		216.1		–
Growth portfolio (1)
Pooled funds – Global equities		65.2		–		65.2		–
Pooled funds – Global real estate investment trusts		43.3		–		43.3		–
Pooled funds – High yield bonds		63.7		–		63.7		–
Pooled funds – International		97.5		–		97.5		–
Pooled funds – U.S. equities		154.5		–		154.5		–
Total growth portfolio		424.2		–		424.2		–
Total U.S. plan assets at fair value	$	648.3	$	8.0	$	640.3	$	–
Other assets (2)		.2
Total U.S. plan assets	$	648.5

(1) "Pooled funds – International" excludes U.S. equity securities; "Pooled funds – Global" includes U.S. equity securities.

(2) Included accrued recoverable taxes at year-end 2012.

        The following table sets forth, by level within the fair value hierarchy, U.S. plan assets (all in the ADPP) at fair value as of year-end 2011:

				Fair Value Measurements Using
(In millions)	Total			Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets
Cash	$	.1		$	.1	$	–	$	–
Fixed income securities
Treasury securities		94.9			94.9		–		–
Money market funds		18.0			–		18.0		–
Pooled funds – U.S. bonds		60.6			–		60.6		–
Agency securities		4.8			–		4.8		–
Corporate debt securities		20.4			–		20.4		–
Asset-backed securities		9.8			–		9.8		–
Government debt securities		3.2			–		3.2		–
Total fixed income securities		211.7			94.9		116.8		–
Equity securities
Equities – U.S. growth		33.7			33.7		–		–
Equities – U.S. value		80.8			80.8		–		–
Equities – International		16.7			16.7		–		–
Mutual fund – International		11.2			11.2		–		–
Pooled funds – U.S. equities		192.3			–		192.3		–
Pooled funds – International		13.8			–		13.8		–
Total equity securities		348.5			142.4		206.1		–
Total U.S. plan assets at fair value	$	560.3		$	237.4	$	322.9	$	–
Other payables (1)		(9.1	)
Total U.S. plan assets	$	551.2

(1) Included accrued receivables and pending broker settlements at year-end 2011.

Int'l

Defined Benefit Plans

Schedule of fair value of plan assets (all in the ADPP)

 The following table sets forth, by level within the fair value hierarchy, international plan assets at fair value as of year-end 2012:

			Fair Value Measurements Using
(In millions)	Total		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets
Cash	$	6.2	$	6.2	$	–	$	–
Fixed income securities
Mutual funds		.3		.3		–		–
Pooled funds – European bonds		239.0		–		239.0		–
Pooled funds – Global bonds		9.0		–		9.0		–
Total fixed income securities		248.3		.3		248.0		–
Equity securities
Pooled funds – Asia Pacific region		12.7		–		12.7		–
Pooled funds – Emerging markets		18.5		–		18.5		–
Pooled funds – European region		46.3		–		46.3		–
Pooled funds – Global		81.5		–		81.5		–
Pooled funds – Real estate investment trusts		28.9		–		28.9		–
Pooled funds – U.S.		10.6		–		10.6		–
Total equity securities		198.5		–		198.5		–
Other investments
Pooled funds – Other		33.8		–		33.8		–
Insurance contracts		27.8		–		–		27.8
Total other investments		61.6		–		33.8		27.8
Total international plan assets at fair value	$	514.6	$	6.5	$	480.3	$	27.8
Other assets		.4
Total international plan assets	$	515.0

The following table sets forth, by level within the fair value hierarchy, international plan assets at fair value as of year-end 2011:

			Fair Value Measurements Using
(In millions)	Total		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets
Cash	$	11.7	$	11.7	$	–	$	–
Fixed income securities
Mutual funds		.3		.3		–		–
Pooled funds – European bonds		211.9		–		211.9		–
Pooled funds – Global bonds		8.4		–		8.4		–
Total fixed income securities		220.6		.3		220.3		–
Equity securities
Pooled funds – Asia Pacific region		10.4		–		10.4		–
Pooled funds – Emerging markets		14.7		–		14.7		–
Pooled funds – European region		42.2		–		42.2		–
Pooled funds – Global		55.7		–		55.7		–
Pooled funds – Real estate investment trusts		20.5		–		20.5		–
Pooled funds – U.S.		9.9		–		9.9		–
Total equity securities		153.4		–		153.4		–
Other investments
Pooled funds – Other		28.7		–		28.7		–
Insurance contracts		26.5		–		–		26.5
Total other investments		55.2		–		28.7		26.5
Total international plan assets at fair value	$	440.9	$	12.0	$	402.4	$	26.5
Other assets (1)		.4
Total international plan assets	$	441.3

(1) Included accrued receivables and pending broker settlements at year-end 2011.

Reconciliation of Level 3 assets

The following table presents a reconciliation of Level 3 assets held during the year ended December 29, 2012:

	Level 3 Assets
(In millions)	Insurance Contracts
Balance at December 31, 2011	$	26.5
Net realized and unrealized gain		.5
Purchases		2.0
Settlements		(1.7	)
Impact of changes in foreign currency exchange rates		.5
Balance at December 29, 2012	$	27.8

The following table presents a reconciliation of Level 3 assets held during the year ended December 31, 2011:

	Level 3 Assets
(In millions)	Insurance Contracts
Balance at January 1, 2011	$	27.3
Net realized and unrealized gain		.7
Purchases		3.5
Settlements		(3.4	)
Transfer to assets held for sale		(1.6	)
Impact of changes in foreign currency exchange rates		–
Balance at December 31, 2011	$	26.5