Retirement Benefit Plans Fair Value of Pension Plan Assets (Details) (USD $) | 12 Months Ended |
In Millions, unless otherwise specified | Dec. 28, 2013 | Dec. 29, 2012 | Dec. 31, 2011 |
Pension Benefits [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | $114.90 | | $118.30 | | ' |
U.S. Pension Benefits [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Expected return on plan assets | 8.30% | | 8.30% | | 8.30% |
Fair value of plan assets | 32.3 | | 31.7 | | 29.8 |
Weighted-average asset allocations | 100.00% | | 100.00% | | ' |
Discount rate, benefit obligations | 4.00% | | 3.30% | | 3.70% |
U.S. Pension Benefits [Member] | Common/Collective Trust [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 32.3 | [1] | 31.7 | [1] | ' |
U.S. Pension Benefits [Member] | Fixed Income Securities [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Target plan asset allocations | 40.00% | | ' | | ' |
U.S. Pension Benefits [Member] | Guaranteed Insurance Contract [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Weighted-average asset allocations | 0.00% | | 0.00% | | ' |
U.S. Pension Benefits [Member] | Equity Securities [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Target plan asset allocations | 60.00% | | ' | | ' |
Weighted-average asset allocations | 64.00% | | 62.00% | | ' |
Foreign Pension Benefits [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Expected return on plan assets | 4.40% | | 4.10% | | 4.10% |
Fair value of plan assets | 82.6 | | 86.6 | | 80.8 |
Weighted-average asset allocations | 100.00% | | 100.00% | | ' |
Discount rate, benefit obligations | 3.50% | | 3.30% | | 3.90% |
Foreign Pension Benefits [Member] | Guaranteed Insurance Contract [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Weighted-average asset allocations | 44.00% | | 51.00% | | ' |
Foreign Pension Benefits [Member] | Equity Securities [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Weighted-average asset allocations | 37.00% | | 29.00% | | ' |
Foreign Pension Benefits [Member] | Australia | Investment Fund [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 5.7 | [2] | 5.6 | [2] | ' |
Minimum long-term net return above inflation | 4.00% | | ' | | ' |
Foreign Pension Benefits [Member] | Australia | Equity Securities, Australian Companies [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Weighted-average asset allocations | 31.00% | | 34.00% | | ' |
Foreign Pension Benefits [Member] | Australia | Equity Securities, Companies Outside of Australia [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Weighted-average asset allocations | 40.00% | | 38.00% | | ' |
Foreign Pension Benefits [Member] | Australia | Real Estate [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Weighted-average asset allocations | 9.00% | | 10.00% | | ' |
Foreign Pension Benefits [Member] | Australia | Government and Corporate Bonds [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Weighted-average asset allocations | 11.00% | | 11.00% | | ' |
Foreign Pension Benefits [Member] | Australia | Cash [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Weighted-average asset allocations | 9.00% | | 7.00% | | ' |
Foreign Pension Benefits [Member] | Switzerland | Guaranteed Insurance Contract [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 27 | [3] | 35.2 | [3] | ' |
Foreign Pension Benefits [Member] | Germany | Guaranteed Insurance Contract [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 6 | [3] | 5.6 | [3] | ' |
Foreign Pension Benefits [Member] | Belgium | Fixed Income Securities [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Target plan asset allocations | 38.00% | | ' | | ' |
Foreign Pension Benefits [Member] | Belgium | Mutual Fund [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 23.6 | [4] | 19.9 | [4] | ' |
Foreign Pension Benefits [Member] | Belgium | Equity Securities, Large-cap European Companies [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Weighted-average asset allocations | 30.00% | | 34.00% | | ' |
Foreign Pension Benefits [Member] | Belgium | Equity Securities, Small-cap European Companies [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Weighted-average asset allocations | 19.00% | | 18.00% | | ' |
Foreign Pension Benefits [Member] | Belgium | U.S. and Emerging Markets Equities [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Weighted-average asset allocations | 10.00% | | 11.00% | | ' |
Foreign Pension Benefits [Member] | Belgium | European and U.S. Government Bonds [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Weighted-average asset allocations | 41.00% | | 37.00% | | ' |
Foreign Pension Benefits [Member] | Belgium | Equity Securities [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Target plan asset allocations | 62.00% | | ' | | ' |
Foreign Pension Benefits [Member] | Austria | Guaranteed Insurance Contract [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 0.5 | [5] | 0.5 | [3] | ' |
Foreign Pension Benefits [Member] | Korea | Guaranteed Insurance Contract [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 2.9 | [3] | 3.1 | [3] | ' |
Foreign Pension Benefits [Member] | Japan | Common/Collective Trust [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 12.5 | [6] | 7.3 | [6] | ' |
Weighted-average asset allocations | 100.00% | | ' | | ' |
Foreign Pension Benefits [Member] | Japan | Cash and Cash Equivalents [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Target plan asset allocations | 38.00% | | ' | | ' |
Foreign Pension Benefits [Member] | Japan | Money market funds | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | ' | | 4.8 | | ' |
Foreign Pension Benefits [Member] | Japan | Other Long-term Investments [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Target plan asset allocations | 62.00% | | ' | | ' |
Foreign Pension Benefits [Member] | Japan | Short-term Investments [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Target plan asset allocations | 38.00% | | ' | | ' |
Foreign Pension Benefits [Member] | Japan | Equity Securities, Japanese Companies [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Target plan asset allocations | 52.00% | | ' | | ' |
Weighted-average asset allocations | 52.00% | | 54.00% | | ' |
Foreign Pension Benefits [Member] | Japan | Equity Securities, Companies Outside of Japan [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Target plan asset allocations | 10.00% | | ' | | ' |
Weighted-average asset allocations | 8.00% | | 7.00% | | ' |
Foreign Pension Benefits [Member] | Philippines | Cash and Cash Equivalents [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Target plan asset allocations | 5.00% | | ' | | ' |
Foreign Pension Benefits [Member] | Philippines | Fixed Income Securities [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 2.3 | | 2.6 | | ' |
Target plan asset allocations | 38.00% | | ' | | ' |
Foreign Pension Benefits [Member] | Philippines | Money market funds | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | ' | | 2 | | ' |
Foreign Pension Benefits [Member] | Philippines | Equity Securities [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Target plan asset allocations | 57.00% | | ' | | ' |
Foreign Pension Benefits [Member] | Philippines | Equity Funds [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 2.1 | | ' | | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension Benefits [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 28 | | 29.3 | | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Pension Benefits [Member] | Common/Collective Trust [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 0 | [1] | 0 | [1] | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign Pension Benefits [Member] | Australia | Investment Fund [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 0 | [2] | 0 | [2] | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign Pension Benefits [Member] | Switzerland | Guaranteed Insurance Contract [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 0 | [3] | 0 | [3] | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign Pension Benefits [Member] | Germany | Guaranteed Insurance Contract [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 0 | [3] | 0 | [3] | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign Pension Benefits [Member] | Belgium | Mutual Fund [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 23.6 | [4] | 19.9 | [4] | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign Pension Benefits [Member] | Austria | Guaranteed Insurance Contract [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 0 | [5] | 0 | [3] | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign Pension Benefits [Member] | Korea | Guaranteed Insurance Contract [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 0 | [3] | 0 | [3] | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign Pension Benefits [Member] | Japan | Common/Collective Trust [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 0 | [6] | 0 | [6] | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign Pension Benefits [Member] | Japan | Money market funds | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | ' | | 4.8 | [6] | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign Pension Benefits [Member] | Philippines | Fixed Income Securities [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 2.3 | | 2.6 | | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign Pension Benefits [Member] | Philippines | Money market funds | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | ' | | 2 | [6] | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign Pension Benefits [Member] | Philippines | Equity Funds [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 2.1 | | ' | | ' |
Significant Other Observable Inputs (Level 2) | Pension Benefits [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 50.5 | | 44.6 | | ' |
Significant Other Observable Inputs (Level 2) | U.S. Pension Benefits [Member] | Common/Collective Trust [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 32.3 | [1] | 31.7 | [1] | ' |
Significant Other Observable Inputs (Level 2) | Foreign Pension Benefits [Member] | Australia | Investment Fund [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 5.7 | [2] | 5.6 | [2] | ' |
Significant Other Observable Inputs (Level 2) | Foreign Pension Benefits [Member] | Switzerland | Guaranteed Insurance Contract [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 0 | [3] | 0 | [3] | ' |
Significant Other Observable Inputs (Level 2) | Foreign Pension Benefits [Member] | Germany | Guaranteed Insurance Contract [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 0 | [3] | 0 | [3] | ' |
Significant Other Observable Inputs (Level 2) | Foreign Pension Benefits [Member] | Belgium | Mutual Fund [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 0 | [4] | 0 | [4] | ' |
Significant Other Observable Inputs (Level 2) | Foreign Pension Benefits [Member] | Austria | Guaranteed Insurance Contract [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 0 | [5] | 0 | [3] | ' |
Significant Other Observable Inputs (Level 2) | Foreign Pension Benefits [Member] | Korea | Guaranteed Insurance Contract [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 0 | [3] | 0 | [3] | ' |
Significant Other Observable Inputs (Level 2) | Foreign Pension Benefits [Member] | Japan | Common/Collective Trust [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 12.5 | [6] | 7.3 | [6] | ' |
Significant Other Observable Inputs (Level 2) | Foreign Pension Benefits [Member] | Japan | Money market funds | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | ' | | 0 | [6] | ' |
Significant Other Observable Inputs (Level 2) | Foreign Pension Benefits [Member] | Philippines | Fixed Income Securities [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 0 | | 0 | | ' |
Significant Other Observable Inputs (Level 2) | Foreign Pension Benefits [Member] | Philippines | Money market funds | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | ' | | 0 | [6] | ' |
Significant Other Observable Inputs (Level 2) | Foreign Pension Benefits [Member] | Philippines | Equity Funds [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 0 | | ' | | ' |
Significant Unobservable Inputs (Level 3) [Member] | Pension Benefits [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 36.4 | | 44.4 | | 42.8 |
Significant Unobservable Inputs (Level 3) [Member] | U.S. Pension Benefits [Member] | Common/Collective Trust [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 0 | [1] | 0 | [1] | ' |
Significant Unobservable Inputs (Level 3) [Member] | Foreign Pension Benefits [Member] | Australia | Investment Fund [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 0 | [2] | 0 | [2] | ' |
Significant Unobservable Inputs (Level 3) [Member] | Foreign Pension Benefits [Member] | Switzerland | Guaranteed Insurance Contract [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 27 | [3] | 35.2 | [3] | ' |
Significant Unobservable Inputs (Level 3) [Member] | Foreign Pension Benefits [Member] | Germany | Guaranteed Insurance Contract [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 6 | [3] | 5.6 | [3] | ' |
Significant Unobservable Inputs (Level 3) [Member] | Foreign Pension Benefits [Member] | Belgium | Mutual Fund [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 0 | [4] | 0 | [4] | ' |
Significant Unobservable Inputs (Level 3) [Member] | Foreign Pension Benefits [Member] | Austria | Guaranteed Insurance Contract [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 0.5 | [5] | 0.5 | [3] | ' |
Significant Unobservable Inputs (Level 3) [Member] | Foreign Pension Benefits [Member] | Korea | Guaranteed Insurance Contract [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 2.9 | [3] | 3.1 | [3] | ' |
Significant Unobservable Inputs (Level 3) [Member] | Foreign Pension Benefits [Member] | Japan | Common/Collective Trust [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 0 | [6] | 0 | [6] | ' |
Significant Unobservable Inputs (Level 3) [Member] | Foreign Pension Benefits [Member] | Japan | Money market funds | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | ' | | 0 | [6] | ' |
Significant Unobservable Inputs (Level 3) [Member] | Foreign Pension Benefits [Member] | Philippines | Fixed Income Securities [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | 0 | | 0 | | ' |
Significant Unobservable Inputs (Level 3) [Member] | Foreign Pension Benefits [Member] | Philippines | Money market funds | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | ' | | 0 | [6] | ' |
Significant Unobservable Inputs (Level 3) [Member] | Foreign Pension Benefits [Member] | Philippines | Equity Funds [Member] | ' | | ' | | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | | ' | | ' |
Fair value of plan assets | $0 | | ' | | ' |
|
[1] | The investment strategy of the U.S. pension plan for each period presented was to achieve a return greater than or equal to the return that would have been earned by a portfolio invested approximately 60 percent in equity securities and 40 percent in fixed income securities for both periods. As of each of the years ended DecemberB 28, 2013 and DecemberB 29, 2012, the common trusts held 64 and 62 percent of its assets in equity securities, 36 and 37 percent in fixed income securities, respectively, and in 2012 the remaining amounts in cash and money markets. The percentage of funds invested in equity securities at the end of 2013 and 2012, included: 33 and 32 percent in large U.S. stocks, 21 and 20 percent small U.S. stocks, respectively, and 10 percent in international stocks in both years. The common trusts are comprised of shares or units in commingled funds that are not publicly traded. The underlying assets in these funds (equity securities and fixed income securities) are valued using quoted market prices. |
[2] | For each period presented, the strategy of this fund is to achieve a long-term net return of at least 4 percent above inflation based on the Australian consumer price index over a rolling 5 year period. The investment strategy is to invest mainly in equities and property, which were expected to earn relatively higher returns over the long term. The fair value of the fund was determined using the net asset value per share using quoted market prices or other observable inputs in active markets. As of DecemberB 28, 2013 and DecemberB 29, 2012, the percentage of funds held in investments included: Australian equities of 31 and 34 percent, government and corporate bonds of 11 percent in each year and cash of 9 and 7 percent, respectively, and other equities of listed companies outside of Australia of 40 and 38 percent, and real estate of 9 and 10 percent. |
[3] | The strategy of the Company's plans in Austria, Germany, Korea and Switzerland is to seek to ensure the future benefit payments of their participants and manage market risk. This is achieved by funding the pension obligations through guaranteed insurance contracts. The plan assets operate similar to investment contracts whereby the interest rate, as well as the surrender value, is guaranteed. The fair value is determined as the contract value, using a guaranteed rate of return which will increase if the market performance exceeds that return. |
[4] | The strategy of the Belgian plan in each period presented is to seek to achieve a return greater than or equal to the return that would have been earned by a portfolio invested approximately 62 percent in equity securities and 38 percent in fixed income securities. The fair value of the fund is calculated using the net asset value per share as determined by the quoted market prices of the underlying investments. As of DecemberB 28, 2013 and DecemberB 29, 2012, the percentage of funds held various asset classes included: large-cap equities of European companies of 30 and 34 percent, small-cap equities of European companies of 19 and 18 percent, respectively, equities outside of Europe, mainly in the U.S. and emerging markets, 10 and 11 percent, respectively, and the remaining amount in bonds, primarily from European and U.S. governments, of 41 and 37 percent, respectively. |
[5] | The Company's strategy for each period presented is to invest approximately 62 percent of assets to benefit from the higher expected returns from long-term investments in equities and to invest 38 percent of assets in short-term low investment risk instruments to fund near term benefits payments. The target allocation for plan assets to implement this strategy is 52 percent equities in Japanese listed securities, 10 percent in equities outside of Japan and 38 percent in cash and other short-term investments. This strategy has been achieved through a collective trust that held 100 percent of total funded assets as of DecemberB 28, 2013 and DecemberB 29, 2012. As of the end of 2013 and 2012, the allocation of funds within the common collective trust included: 52 percent and 54 percent in Japanese equities and 8 percent and 7 percent in equities of companies based outside of Japan, in 2013 and 2012, respectively. The remaining amounts were invested in cash and other short-term investments. The fair value of the collective trust is determined by the market value of the underlying shares, which are traded in active markets. |
[6] | In both years, the investment strategy in the Philippines was to achieve an appropriate balance between risk and return, from a diversified portfolio of Philippine peso denominated bonds and equities. The target asset class allocations is 57 percent in equity securities, 38 percent fixed income securities and 5 percent in cash and deposits. The fixed income securities at year end included assets valued using quoted bid prices on similarly termed government securities, as well as balances invested in short term deposit accounts. The equity index fund was valued at the closing price of the active market in which it was traded. |