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FAIR VALUE (Tables)
9 Months Ended
Sep. 28, 2013
FAIR VALUE  
Schedule of assets and liabilities measured at fair value on a recurring basis

Assets and liabilities measured at fair value on a recurring basis include the following as of September 28, 2013:

 

 

 

Fair Value Measurements Using

 

 

 

Level 1

 

Level 2

 

Level 3

 

Other current assets — FX embedded derivatives, FX forward contracts and commodity contracts

 

$

 

$

1.2

 

$

 

Other assets — Investments in equity securities and FX embedded derivatives

 

2.1

 

0.8

 

1.7

 

Accrued expenses — FX embedded derivatives and FX forward contracts

 

 

6.6

 

 

Other long-term liabilities — FX embedded derivatives

 

 

0.6

 

 

 

Assets and liabilities measured at fair value on a recurring basis include the following as of December 31, 2012:

 

 

 

Fair Value Measurements Using

 

 

 

Level 1

 

Level 2

 

Level 3

 

Other current assets — FX embedded derivatives, FX forward contracts and commodity contracts

 

$

 

$

0.7

 

$

 

Other assets — Investments in equity securities

 

3.6

 

 

7.5

 

Accrued expenses — FX forward contracts and FX embedded derivatives

 

 

1.3

 

 

Other long-term liabilities — FX embedded derivatives

 

 

9.8

 

 

Schedule of reconciliation of investments in equity securities measured at fair value on a recurring basis using significant unobservable inputs (Level 3)

 

 

 

 

Nine months ended

 

 

 

September 28, 2013

 

September 29, 2012

 

Balance at beginning of period

 

$

7.5

 

$

7.8

 

Cash consideration received

 

(5.2

)

 

Unrealized losses recorded to earnings

 

(0.6

)

(0.2

)

Balance at end of period

 

$

1.7

 

$

7.6

 

Schedule of estimated fair values of other financial liabilities (excluding capital leases) not measured at fair value on a recurring basis

 

 

 

 

September 28, 2013

 

December 31, 2012

 

 

 

Carrying

 

 

 

Carrying

 

 

 

 

 

Amount

 

Fair Value

 

Amount

 

Fair Value

 

Senior notes

 

$

1,100.0

 

$

1,202.9

 

$

1,100.0

 

$

1,217.8

 

Term loan

 

475.0

 

475.0

 

475.0

 

475.0

 

Other indebtedness

 

36.2

 

36.2

 

34.7

 

34.7