FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 28, 2013

FINANCIAL INSTRUMENTS

Fair value and balance sheet locations of derivatives

 The following table provides the fair value and balance sheet locations of derivatives as of December 28, 2013:

	Asset			Liability
(In millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign exchange contracts	Other current assets	$	3.1	Other accrued liabilities	$	4.7
Commodity contracts	Other current assets		.1	Other accrued liabilities		–
		$	3.2		$	4.7

        The following table provides the fair value and balance sheet 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
Commodity contracts				Long-term retirement benefits and other liabilities		.1
		$	10.0		$	3.8

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

(In millions)	Location of Gain (Loss) in Income	2013			2012		2011
Foreign exchange contracts	Cost of products sold	$	2.3		$	–	$	.5
Foreign exchange contracts	Marketing, general and administrative expense		(35.9	)		17.8		(13.0	)
		$	(33.6	)	$	17.8	$	(12.5	)

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

(In millions)	2013			2012			2011
Foreign exchange contracts	$	1.1		$	(.9	)	$	.3
Commodity contracts		(.1	)		(.9	)		(3.3	)
	$	1.0		$	(1.8	)	$	(3.0	)

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

(In millions)	Location of Gain (Loss) in Income	2013			2012			2011
Foreign exchange contracts	Cost of products sold	$	.6		$	(2.5	)	$	.9
Commodity contracts	Cost of products sold		(1.2	)		(2.8	)		(2.9	)
Interest rate contracts	Interest expense		(.1	)		(4.4	)		(4.2	)
		$	(.7	)	$	(9.7	)	$	(6.2	)