XML 33 R24.htm IDEA: XBRL DOCUMENT v2.4.1.9
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 29, 2015
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following tables set forth, by level within the fair value hierarchy, our financial assets and liabilities, including assets held in a rabbi trust used to fund our non-qualified defined benefit plan, that were measured at fair value on a recurring basis as of March 29, 2015 and December 28, 2014:

 
 
March 29, 2015
 
December 28, 2014
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
(in millions)
 
(in millions)
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commodity contracts
 
$
4.8

 
$

 
$

 
$
4.8

 
$
57.8

 
$
0.1

 
$

 
$
57.9

Foreign exchange contracts
 

 

 

 

 

 
0.4

 

 
0.4

Bond securities
 

 

 

 

 
15.9

 

 

 
15.9

Insurance contracts
 

 
72.4

 

 
72.4

 

 
70.0

 

 
70.0

Total
 
$
4.8

 
$
72.4

 
$

 
$
77.2

 
$
73.7

 
$
70.5

 
$

 
$
144.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Commodity contracts
 
35.3

 
27.7

 

 
63.0

 
18.0

 
19.4

 

 
37.4

Interest rate swaps
 

 
0.2

 

 
0.2

 

 
0.1

 

 
0.1

Foreign exchange contracts
 

 
1.5

 

 
1.5

 

 

 

 

Total
 
$
35.3

 
$
29.4

 
$

 
$
64.7

 
$
18.0

 
$
19.5

 
$

 
$
37.5

 
Fair Value and Carrying Value of Debt [Table Text Block]
The following table presents the fair value and carrying value of long-term debt, including the current portion of long-term debt as of March 29, 2015 and December 28, 2014.
 
 
March 29, 2015
 
December 28, 2014
 
 
Fair
Value
 
Carrying Value
 
Fair
Value
 
Carrying Value
 
 
(in millions)
Long-term debt, including current portion
 
$
2,521.4

 
$
2,413.8

 
$
2,782.0

 
$
2,701.7