Financial Instruments (Tables)

9 Months Ended

Sep. 27, 2014

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 September 27, 2014:

	Asset			Liability
(In millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign exchange contracts	Other current assets	$	4.0	Other current liabilities	$	28.4
Commodity contracts	Other current assets	–		Other current liabilities	.2
		$	4.0		$	28.6

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 current liabilities	$	4.7
Commodity contracts	Other current assets	.1		Other current liabilities	–
		$	3.2		$	4.7

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

		Three Months Ended					Nine Months Ended
(In millions)	Location of Gain (Loss) in Income	September 27, 2014			September 28, 2013		September 27, 2014			September 28, 2013
Foreign exchange contracts	Cost of products sold	$	–		$	1.1	$	(3.0	)	$	1.4
Foreign exchange contracts	Marketing, general and administrative expense	(25.7		)	9.8		(28.2		)	(7.5		)
		$	(25.7	)	$	10.9	$	(31.2	)	$	(6.1	)

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

	Three Months Ended						Nine Months Ended
(In millions)	September 27, 2014			September 28, 2013			September 27, 2014			September 28, 2013
Foreign exchange contracts	$	.7		$	(1.4	)	$	(1.5	)	$	.4
Commodity contracts	(.3		)	–			(.1		)	(.1		)
	$	.4		$	(1.4	)	$	(1.6	)	$	.3