FAIR VALUE (Tables)

3 Months Ended

Mar. 28, 2015

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 included the following as of March 28, 2015:

	Fair Value Measurements Using
	Level 1		Level 2		Level 3
Other current assets — FX embedded derivatives and FX forward contracts	$	—	$	7.6	$	—
Other assets — FX embedded derivatives and investment in equity securities	—		3.0		10.3
Accrued expenses — FX forward contracts, FX embedded derivatives and commodity contracts	—		8.5		—
Other long-term liabilities — FX embedded derivatives and FX forward contracts	—		0.9		—

Assets and liabilities measured at fair value on a recurring basis included the following as of December 31, 2014:

	Fair Value Measurements Using
	Level 1		Level 2		Level 3
Other current assets — FX embedded derivatives	$	—	$	5.1	$	—
Other assets — FX embedded derivatives and investment in equity securities	—		1.2		7.4
Accrued expenses — FX forward contracts, FX embedded derivatives and commodity contracts	—		10.6		—
Other long-term liabilities — FX embedded derivatives and FX forward contracts	—		1.0		—

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

	Three months ended
	March 28, 2015		March 29, 2014
Balance at beginning of year	$	7.4	$	1.4
Unrealized gains recorded to earnings	2.9		1.6
Balance at end of period	$	10.3	$	3.0

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

	March 28, 2015				December 31, 2014
	Carrying				Carrying
	Amount		Fair Value		Amount		Fair Value
Senior notes	$	600.0	$	657.0	$	600.0	$	665.3
Term loan	575.0		575.0		575.0		575.0
Other indebtedness	298.5		298.5		181.1		181.1