Financial Instruments (Tables)

6 Months Ended

Jun. 29, 2013

Financial Instruments

Balances and locations of derivatives

The following table provides the balances and locations of derivatives as of June 29, 2013:

	Asset			Liability
(In millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign exchange contracts	Other current assets	$	6.2	Other current liabilities	$	6.9
Commodity contracts	Other current assets	–		Other current liabilities	.4
		$	6.2		$	7.3
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 current liabilities	$	2.8
Commodity contracts	Other current assets	–		Other current liabilities	.9
Commodity contracts				Long-term retirement benefits and other liabilities	.1
		$	10.0		$	3.8

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

		Three Months Ended						Six Months Ended
(In millions)	Location of Gain (Loss) in Income	June 29, 2013			June 30, 2012			June 29, 2013			June 30, 2012
Foreign exchange contracts	Cost of products sold	$	(1.4	)	$	(.1	)	$	.3		$	(.6	)
Foreign exchange contracts	Marketing, general and administrative expense	10.4			(9.7		)	(17.3		)	(1.4		)
		$	9.0		$	(9.8	)	$	(17.0	)	$	(2.0	)

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

		Three Months Ended						Six Months Ended
(In millions)	Location of Gain (Loss) in Income	June 29, 2013			June 30, 2012			June 29, 2013			June 30, 2012
Foreign exchange contracts	Cost of products sold	$	1.2		$	(.7	)	$	1.5		$	(2.8	)
Foreign exchange contracts	Marketing, general and administrative expense	(.4		)	.2			(.1		)	(.8		)
		$	.8		$	(.5	)	$	1.4		$	(3.6	)

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

		Three Months Ended						Six Months Ended
(In millions)	Location of Gain (Loss) in Income	June 29, 2013			June 30, 2012			June 29, 2013			June 30, 2012
Foreign exchange contracts	Cost of products sold	$	.3		$	(.1	)	$	.8		$	(2.2	)
Commodity contracts	Cost of products sold	(.2		)	(.7		)	(.7		)	(1.7		)
Interest rate contracts	Interest expense	–			(1.0		)	–			(2.1		)
		$	.1		$	(1.8	)	$	.1		$	(6.0	)