Financial Instruments (Tables)

6 Months Ended

Oct. 01, 2011

Company's outstanding derivative instruments on a gross basis as recorded on its consolidated balance sheets


	Notional Amounts				Derivative Assets						Derivative Liabilities
					Balance			Balance			Balance				Balance
					Sheet	Fair		Sheet	Fair		Sheet	Fair			Sheet	Fair
					Line^(b)	Value		Line^(b)	Value		Line^(b)	Value			Line^(b)	Value
Derivative Instrument^(a)	October 1, 2011		April 2, 2011		October 1, 2011			April 2, 2011			October 1, 2011				April 2, 2011
	(millions)

Designated Hedges:
FC — Inventory purchases	$	583.5	$	342.4	^(c)	$	26.2	PP	$	1.1	AE	$	(2.8	)	AE	$	(9.4	)
FC — I/C royalty payments		130.8		46.8	PP		3.7	—		—	^(d)		(1.6	)	AE		(3.6	)
FC — Interest payments		13.4		9.3	—		—	PP		0.4	AE		(0.8	)	—		—
FC — Other		33.9		29.6	PP		0.6	PP		0.5	AE		(0.6	)	AE		(0.1	)
IRS — Euro Debt		—		295.5	—		—	—		—	—		—		ONCL		(3.3	)
NI — Euro Debt		273.7		291.9	—		—	—		—	LTD		(292.9	)^(e)	LTD		(305.0	)^(e)

Total Designated Hedges	$	1,035.3	$	1,015.5		$	30.5		$	2.0		$	(298.7	)		$	(321.4	)

Undesignated Hedges:
FC — Other	$	54.9	$	40.0	^(f)	$	2.0	—	$	—	AE	$	(0.2	)	^(g)	$	(1.4	)

Total Hedges	$	1,090.2	$	1,055.5		$	32.5		$	2.0		$	(298.9	)		$	(322.8	)


^(a)		FC = Forward exchange contracts for the sale or purchase of foreign currencies; IRS = Interest Rate Swap; NI = Net Investment Hedge; Euro Debt = Euro-denominated 4.5% notes due October 4, 2013.

^(b)		PP = Prepaid expenses and other; OA = Other assets; AE = Accrued expenses and other; ONCL = Other non-current liabilities; LTD = Long-term debt.

^(c)		$14.4 million included within PP and $11.8 million included within OA.

^(d)		$1.5 million included within AE and $0.1 million included within ONCL.

^(e)		The Company’s Euro Debt is reported at carrying value in the Company’s consolidated balance sheets. The carrying value of the Euro Debt was $273.7 million as of October 1, 2011 and $291.9 million as of April 2, 2011.

^(f)		$0.3 million included within PP and $1.7 million included within OA.

^(g)		$0.4 million included within AE and $1.0 million included within ONCL.

Gains (Losses) Recognized in OCI


	Gains (Losses) Recognized in OCI^(b)
	Three Months Ended						Six Months Ended
	October 1,			October 2,			October 1,			October 2,
Derivative Instrument^(a)	2011			2010			2011			2010
	(millions)

Designated Cash Flow Hedges:
FC — Inventory purchases	$	32.5		$	(14.5	)	$	23.8		$	(1.8	)
FC — I/C royalty payments		3.2			(5.6	)		4.1			(7.5	)
FC — Interest payments		—			0.8			(0.4	)		—
FC — Other		(0.6	)		0.5			(1.0	)		0.6

	$	35.1		$	(18.8	)	$	26.5		$	(8.7	)

Designated Hedge of Net Investment:
Euro Debt	$	23.7		$	(23.1	)	$	15.4		$	(2.7	)

Total Designated Hedges	$	58.8		$	(41.9	)	$	41.9		$	(11.4	)

Reclassification of Cash Flow Hedge Gain (Loss)


	Gains (Losses) Reclassified from AOCI^(b) to Earnings
	Three Months Ended						Six Months Ended
	October 1,			October 2,			October 1,			October 2,			Location of Gains (Losses)
Derivative Instrument^(a)	2011			2010			2011			2010			Reclassified from AOCI^(b) to Earnings
	(millions)

Designated Cash Flow Hedges:
FC — Inventory purchases	$	(2.3	)	$	5.8		$	0.9		$	6.1		Cost of goods sold
FC — I/C royalty payments		(1.0	)		(1.8	)		(3.5	)		(1.2	)	Foreign currency gains (losses)
FC — Interest payments		(1.0	)		0.3			(0.4	)		0.3		Foreign currency gains (losses)
FC — Other		0.6			0.3			0.9			0.1		^(c)

Total Designated Hedges	$	(3.7	)	$	4.6		$	(2.1	)	$	5.3


^(a)		FC = Forward exchange contracts for the sale or purchase of foreign currencies; Euro Debt = Euro-denominated 4.5% notes due October 4, 2013.

^(b)		AOCI, including the respective fiscal period’s OCI, is classified as a component of total equity.

^(c)		Principally recorded within foreign currency gains (losses).

Derivative Gains (Losses) Recognized in Earnings


	Gains (Losses) Recognized in Earnings
	Three Months Ended				Six Months Ended
	October 1,		October 2,		October 1,		October 2,		Location of Gains (Losses)
Derivative Instrument^(a)	2011		2010		2011		2010		Recognized in Earnings
	(millions)

Undesignated Hedges:
FC — Other	$	2.7	$	0.3	$	2.6	$	1.3	Foreign currency gains (losses)

Total Undesignated Hedges	$	2.7	$	0.3	$	2.6	$	1.3

Company's short-term and non-current investments recorded in the consolidated balance sheets


	October 1, 2011						April 2, 2011
	Short-term		Non-current				Short-term		Non-current
Type of Investment	< 1 year		1 - 3 years		Total		< 1 year		1 - 3 years		Total
	(millions)

Held-to-Maturity:
Municipal bonds	$	15.0	$	1.5	$	16.5	$	90.8	$	12.7	$	103.5

Total held-to-maturity investments	$	15.0	$	1.5	$	16.5	$	90.8	$	12.7	$	103.5

Available-for-Sale:
Government and municipal bonds	$	37.3	$	53.4	$	90.7	$	32.3	$	68.1	$	100.4
Corporate bonds		46.2		36.1		82.3		—		—		—
Variable rate municipal securities		7.4		—		7.4		14.5		—		14.5
Auction rate securities		—		2.4		2.4		—		2.3		2.3
Other securities		—		0.4		0.4		—		0.5		0.5

Total available-for-sale investments	$	90.9	$	92.3	$	183.2	$	46.8	$	70.9	$	117.7

Other:
Time deposits and other	$	372.0	$	—	$	372.0	$	456.3	$	—	$	456.3

Total Investments	$	477.9	$	93.8	$	571.7	$	593.9	$	83.6	$	677.5

- Definition

Tabular disclosure of investments in certain debt and equity securities (and certain other trading assets) which include all debt and equity securities (other than those equity securities accounted for under the equity or cost methods of accounting) with readily determinable fair values. Other trading assets include assets that are carried on the balance sheet at fair value and held for trading purposes. A debt security represents a creditor relationship with an enterprise that is in the form of a security. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities (and other trading assets).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 10

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

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-URI http://asc.fasb.org/extlink&oid=6511694

-Topic 320

Reference 4: http://www.xbrl.org/2003/role/presentationRef

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Reference 5: http://www.xbrl.org/2003/role/presentationRef

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-Name Accounting Standards Codification

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-URI http://asc.fasb.org/extlink&oid=6509901

-Topic 320

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 115

-Paragraph 3, 19, 20, 21, 22, 137

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

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-Name Accounting Standards Codification

-Topic 320

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563

+ Details

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

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