FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 28, 2013

Derivative financial instruments

Summarizes the gross and net fair values of contracts by counterparty

	September 28, 2013								December 31, 2012
	Gross assets		Gross liabilities			Net assets / liabilities			Gross assets		Gross liabilities			Net assets / liabilities
FX Forward Contracts:
Counterparty A	$	0.5	$	—		$	0.5		$	0.2	$	(0.3	)	$	(0.1	)
Counterparty B	0.1		(0.6		)	(0.5		)	0.1		(0.2		)	(0.1		)
Totals (1)	$	0.6	$	(0.6	)	$	—		$	0.3	$	(0.5	)	$	(0.2	)
Commodity Contracts:
Counterparty A (2)	$	0.1	$	—		$	0.1		$	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:

	September 28,			December 31,
	2013			2012
Designated as hedging instruments:
Other current assets	$	0.1		$	0.1
Accrued expenses	—			(0.3		)
	0.1			(0.2		)
Not designated as hedging instruments:
Other current assets	0.4			0.1
Accrued expenses	(0.5		)	(0.1		)
	(0.1		)	—
Net fair value of FX forward contracts in balance sheets	$	—		$	(0.2	)

(2) Related contracts are designated as hedging instruments. Net amounts at September 28, 2013 and December 31, 2012 are recorded in “Other current assets”.

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

	Three months ended						Nine months ended
	September 28,			September 29,			September 28,			September 29,
	2013			2012			2013			2012
FX forward contracts	$	(0.2	)	$	(0.6	)	$	(4.2	)	$	(1.2	)
Commodity contracts	0.8			0.8			(1.5		)	1.0
	$	0.6		$	0.2		$	(5.7	)	$	(0.2	)

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)						Nine months ended (1)
	September 28,			September 29,			September 28,			September 29,
	2013			2012			2013			2012
FX forward contracts	$	(2.1	)	$	(0.8	)	$	(3.0	)	$	(1.2	)
Commodity contracts	(0.6		)	0.3			(0.5		)	(0.7		)
	$	(2.7	)	$	(0.5	)	$	(3.5	)	$	(1.9	)

(1) During the nine months ended September 28, 2013, losses of $0.2 were recognized in “Other income (expense), net” relating to derivative ineffectiveness and amounts excluded from effectiveness testing. During the three and nine months ended September 29, 2012, losses of $0.2 and $0.3 were recognized in other income (expense), net relating to derivative ineffectiveness and amounts excluded from effectiveness testing.

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

	Three months ended						Nine months ended
	September 28,			September 29,			September 28,			September 29,
	2013			2012			2013			2012
FX forward contracts	$	0.9		$	1.8		$	(1.0	)	$	2.0
FX embedded derivatives	(0.8		)	(1.8		)	4.9			(3.1		)
	$	0.1		$	—		$	3.9		$	(1.1	)

FX forward contracts

Derivative financial instruments

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

	September 28,			December 31,
	2013			2012
Designated as hedging instruments:
Other current assets	$	0.1		$	0.1
Accrued expenses	—			(0.3		)
	0.1			(0.2		)
Not designated as hedging instruments:
Other current assets	0.4			0.1
Accrued expenses	(0.5		)	(0.1		)
	(0.1		)	—
Net fair value of FX forward contracts in balance sheets	$	—		$	(0.2	)

FX embedded derivatives

Derivative financial instruments

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

	September 28,			December 31,
Balance Sheet Classification	2013			2012
Other current assets	$	0.6		$	0.3
Other noncurrent assets	0.8			—
Accrued expenses	(6.1		)	(0.9		)
Other long-term liabilities	(0.6		)	(9.8		)
	$	(5.3	)	$	(10.4	)