Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Sep. 27, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Instruments Reported on the Balance Sheet

		September 27, 2019
(In millions)	Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments:
Foreign exchange forward contracts	Prepaid expenses and other current assets	$	2.8
Total derivatives		$	2.8

Schedule of Cash Flow Hedging Activities

The Company had the following outstanding foreign currency forward contracts that were entered into to hedge forecasted revenues and designated as cash flow hedges:

	September 27, 2019
(In millions)	Notional Value Sold
Euro	$	76.5
Japanese Yen	56.7
	$	133.2

Effective Portion of Foreign Currency Forward Contracts Designated as Cash Flow Hedges

The following table presents the amounts, before tax, recognized in accumulated other comprehensive loss on the Consolidated Balance Sheets that are related to the foreign currency forward contracts designated as cash flow hedges:

	Gain (Loss) Recognized in Other Comprehensive Earnings (Loss)
	Fiscal Years
(In millions)	2019		2018			2017
Foreign currency forward contracts	$	3.0	$	(0.9	)	$	—

As of September 27, 2019, the net unrealized gain on derivatives, before tax, of $2.8 million was included in accumulated other comprehensive loss on the Consolidated Balance Sheets and is expected to be reclassified to earnings over the next 12 months.

The effect of cash flow hedge accounting on the Consolidated Statements of Earnings was as follows:

	Location and Amount of Loss Recognized in Earnings (Loss) on Cash Flow Hedging Relationships
		Twelve Months Ended
		September 27,		September 28,			September 29,
		2019		2018			2017
(In millions)		Revenues		Revenues			Revenues
Total amounts of income and expense line items presented in the Consolidated Statement of Earnings in which the effects of fair value and cash flow hedges are recorded		$	3,225.1	$	2,919.1		$	2,619.3
Gain (loss) on cash flow hedge relationships:
Foreign exchange contracts:
Amount gain (loss) reclassified from other comprehensive earnings (loss) into earnings		$	0.2	$	(0.9	)	$	—

Outstanding Foreign Currency Forward Contracts

The notional amount of the Company's outstanding foreign currency forward contracts:

(In millions)	September 27, 2019		September 28, 2018
Notional value sold	$	385.0	$	398.3
Notional value purchased	$	52.3	$	70.3

Gains (Losses) Related to Foreign Currency Forward Exchange Contracts that are Not Designated as Hedging Instruments

The following table presents the gains (losses) recognized in the Company's Consolidated Statements of Earnings related to the foreign currency forward contracts that are not designated as hedging instruments.

Location of Gain (Loss) Recognized in Net Earnings on Derivative	Amount of Gain (Loss) Recognized in Net Earnings on Derivative
	Fiscal Years
(In millions)	2019		2018		2017
Other income, net	$	18.1	$	19.5	$	(10.9	)