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Financial Instruments (Tables)
9 Months Ended
Sep. 29, 2012
Financial Instruments  
Balances and locations of derivatives

 

 

 

 

Asset

 

 

Liability

 

(In millions)

 

Balance Sheet Location

 

Fair Value

 

 

Balance Sheet Location

 

Fair Value

 

Foreign exchange contracts

 

Other current assets

 

$  8.0

 

 

Other current liabilities

 

$  2.8

 

Commodity contracts

 

 

 

 

 

 

Other current liabilities

 

1.3

 

 

 

 

 

$  8.0

 

 

 

 

$  4.1

 

 

 

 

Asset

 

 

Liability

 

(In millions)

 

Balance Sheet Location

 

Fair Value

 

 

Balance Sheet Location

 

Fair Value

 

Foreign exchange contracts

 

Other current assets

 

$  6.5

 

 

Other current 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 hedges

 

 

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

(In millions)

 

Location of Gain (Loss) in
Income

 

September 29,
2012

 

October 1,
2011

 

 

September 29,
2012

 

October 1,
2011

 

Foreign exchange contracts

 

Cost of products sold

 

$

 

$

(.1

)

 

$

(.6)

 

$

.7

 

Foreign exchange contracts

 

Marketing, general and administrative expense

 

14.1

 

(11.8

)

 

12.7

 

(13.8)

 

 

 

 

 

$

14.1

 

$

(11.9

)

 

$

12.1

 

(13.1)

 

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

 

 

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

(In millions)

 

 

 

September 29,
2012

 

October 1,
2011

 

 

September 29,
2012

 

October 1,
2011

 

Foreign exchange contracts

 

 

 

$

(1.7)

 

.8

 

 

$

(4.5

)

$

.4

 

Commodity contracts

 

 

 

.2

 

(1.1)

 

 

(.6

)

(1.7

)

 

 

 

 

$

(1.5)

 

$

(.3)

 

 

$

(5.1

)

$

(1.3

)

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

 

 

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

(In millions)

 

Location of Gain (Loss) in
Income

 

September 29,
2012

 

October 1,
2011

 

 

September 29, 2012

 

October 1,
2011

 

Foreign exchange contracts

 

Cost of products sold

 

 $

(1.2)

 

$

.2

 

 

  $

(3.3)

 

$

(.2)

 

Commodity contracts

 

Cost of products sold

 

(.5)

 

(.4)

 

 

(2.2)

 

(1.9)

 

Interest rate contracts

 

Interest expense

 

(1.1)

 

(1.2)

 

 

(3.2)

 

(3.1)

 

 

 

 

 

 $

(2.8)

 

$

(1.4)

 

 

  $

(8.7)

 

$

(5.2)