FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 29, 2013

Derivative financial instruments

Summarizes the gross and net fair values of contracts by counterparty

	June 29, 2013								December 31, 2012
	Gross assets		Gross liabilities			Net assets /  liabilities			Gross assets		Gross liabilities			Net assets / liabilities
FX Forward Contracts:
Counterparty A	$	0.2	$	(0.1	)	$	0.1		$	0.2	$	(0.3	)	$	(0.1	)
Counterparty B	0.3		—			0.3			0.1		(0.2		)	(0.1		)
Aggregate of other counterparties	0.1		—			0.1			—		—			—
Totals (1)	$	0.6	$	(0.1	)	$	0.5		$	0.3	$	(0.5	)	$	(0.2	)
Commodity Contracts:
Counterparty A (2)	$	—	$	(1.5	)	$	(1.5	)	$	0.3	$	(0.1	)	$	0.2

(1) We enter into arrangements designed to provide the right of setoff in the event of counterparty default or insolvency, and have elected to offset the fair values of our qualifying financial instruments in our condensed consolidated balance sheets. Amounts presented in our balance sheets are as follows:

	June 29,		December 31,
	2013		2012
Designated as hedging instruments:
Other current assets	$	0.2	$	0.1
Accrued expenses	—		(0.3		)
	0.2		(0.2		)
Not designated as hedging instruments:
Other current assets	0.3		0.1
Accrued expenses	—		(0.1		)
	0.3		—
Net fair value of FX forward contracts in balance sheets	$	0.5	$	(0.2	)

(2) Related contracts are designated as hedging instruments. Net amounts at June 29, 2013 and December 31, 2012 are recorded in “Accrued expenses” and “Other current assets,” respectively.

Summary of pre-tax gain (loss) recognized in AOCI resulting from derivative financial instruments designated as cash flow hedging relationships

	Three months ended						Six months ended
	June 29, 2013			June 30, 2012			June 29, 2013			June 30, 2012
FX forward contracts	$	(11.0	)	$	(0.6	)	$	(4.1	)	$	(0.6	)
Commodity contracts	(1.3		)	(0.8		)	(2.3		)	0.2
	$	(12.3	)	$	(1.4	)	$	(6.4	)	$	(0.4	)

Summary of pre-tax gain (loss) related to derivative financial instruments designated as cash flow hedging relationships reclassified from AOCI to income

	Three months ended (1)						Six months ended (1)
	June 29, 2013			June 30, 2012			June 29, 2013			June 30, 2012
FX forward contracts	$	(0.2	)	$	(0.9	)	$	(0.8	)	$	(0.4	)
Commodity contracts	0.1			(0.4		)	0.1			(1.0		)
	$	(0.1	)	$	(1.3	)	$	(0.7	)	$	(1.4	)

(1) During the three and six months ended June 29, 2013, losses of $0.2 were recognized in “Other income (expense), net” relating to derivative ineffectiveness and amounts excluded from effectiveness testing. Losses of $0.1 relating to derivative ineffectiveness and amounts excluded from effectiveness testing were recognized in “Other income (expense), net” during the six months ended June 30, 2012.

Schedule of gain (loss) recognized in ''Other income (expense), net'' of derivative financial instruments not designated in cash flow hedging relationships

	Three months ended					Six months ended
	June 29, 2013		June 30, 2012			June 29, 2013			June 30, 2012
FX forward contracts	$	1.1	$	(0.5	)	$	(1.9	)	$	0.2
FX embedded derivatives	2.6		1.6			5.7			(1.3		)
	$	3.7	$	1.1		$	3.8		$	(1.1	)

FX forward contracts

Derivative financial instruments

Summary of fair value of derivative instruments and the balance sheet classification

	June 29,		December 31,
	2013		2012
Designated as hedging instruments:
Other current assets	$	0.2	$	0.1
Accrued expenses	—		(0.3		)
	0.2		(0.2		)
Not designated as hedging instruments:
Other current assets	0.3		0.1
Accrued expenses	—		(0.1		)
	0.3		—
Net fair value of FX forward contracts in balance sheets	$	0.5	$	(0.2	)

FX embedded derivatives

Derivative financial instruments

Summary of fair value of derivative instruments and the balance sheet classification

	June 29,			December 31,
Balance Sheet Classification	2013			2012
Other current assets	$	0.5		$	0.3
Accrued expenses	(3.8		)	(0.9		)
Other long-term liabilities	(1.0		)	(9.8		)
	$	(4.3	)	$	(10.4	)