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Derivative Instruments
9 Months Ended
May 27, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments
Derivative Instruments
We use currency forward contracts to mitigate our exposure of certain monetary assets and liabilities from changes in currency exchange rates. Realized and unrealized gains and losses from derivative instruments without hedge accounting designation as well as the changes in the underlying monetary assets and liabilities from changes in currency exchange rates are included in other non-operating (income) expense.
In the third quarter and first nine months of 2022, we recognized net realized losses of $8.8 million and $4.2 million, respectively, and net unrealized gains of $3.3 million and net unrealized losses of $0.2 million, respectively, from changes in the fair value of non-designated forward contracts. In the third quarter and first nine months of 2021, we recognized net realized gains of $4.2 million and $3.5 million, respectively, and net unrealized losses of $5.6 million and $2.5 million, respectively, from changes in the fair value of non-designated forward contracts.