XML 26 R33.htm IDEA: XBRL DOCUMENT v2.4.0.6
FAIR VALUE (Tables)
12 Months Ended
Sep. 28, 2012
Assets And Liabilities Measured At Fair Value On A Recurring Basis

In the tables below, the Company has segregated all assets and liabilities that are measured at fair value on a recurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date.

 

     Fair Value Measurement Using  

Type of Instruments

   Quoted Prices in
Active Markets
for Identical
Instruments
(Level 1)
     Significant
Other
Observable
Inputs
(Level 2)
     Significant
Unobservable
Inputs

(Level 3)
    Total
Balance
 
(In millions)                           

Assets at September 28, 2012:

          

Money market funds

   $ 45.7       $ 0.0       $ 0.0      $ 45.7   

Debt security

     0.0         0.0         49.7        49.7   

Derivative assets

     0.0         0.8         0.0        0.8   

Option to purchase a company

     0.0         0.0         1.4        1.4   
  

 

 

    

 

 

    

 

 

   

 

 

 

Total assets measured at fair value

   $ 45.7       $ 0.8       $ 51.1      $ 97.6   
  

 

 

    

 

 

    

 

 

   

 

 

 

Liabilities at September 28, 2012:

          

Contingent consideration

   $ 0.0       $ 0.0       $ (8.8   $ (8.8
  

 

 

    

 

 

    

 

 

   

 

 

 

Total liabilities measured at fair value

   $ 0.0       $ 0.0       $ (8.8   $ (8.8
  

 

 

    

 

 

    

 

 

   

 

 

 

Assets at September 30, 2011:

          

Money market funds

   $ 1.3       $ 0.0       $ 0.0      $ 1.3   

Debt security

     0.0         0.0         19.2        19.2   

Option to purchase a company

     0.0         0.0         1.4        1.4   
  

 

 

    

 

 

    

 

 

   

 

 

 

Total assets measured at fair value

   $ 1.3       $ 0.0       $ 20.6      $ 21.9   
  

 

 

    

 

 

    

 

 

   

 

 

 

Liabilities at September 30, 2011:

          

Contingent consideration

   $ 0.0       $ 0.0       $ (0.1   $ (0.1
  

 

 

    

 

 

    

 

 

   

 

 

 

Total liabilities measured at fair value

   $ 0.0       $ 0.0       $ (0.1   $ (0.1
  

 

 

    

 

 

    

 

 

   

 

 

 

 

     Fair Value Measurement Using  

Line Item in Consolidated Balance Sheet

   Quoted Prices in
Active Markets
for Identical
Instruments
(Level 1)
     Significant
Other
Observable
Inputs

(Level 2)
     Significant
Unobservable
Inputs

(Level 3)
    Total
Balance
 
(In millions)                           

Assets at September 28, 2012:

          

Cash and cash equivalents

   $ 44.6       $ 0.0       $ 0.0      $ 44.6   

Short-term investment

     0.0         0.0         49.7        49.7   

Prepaid expenses and other current assets

     0.0         0.8         0.0        0.8   

Other assets

     1.1         0.0         1.4        2.5   
  

 

 

    

 

 

    

 

 

   

 

 

 

Total assets measured at fair value

   $ 45.7       $ 0.8       $ 51.1      $ 97.6   
  

 

 

    

 

 

    

 

 

   

 

 

 

Liabilities at September 28, 2012:

          

Accrued liabilities

   $ 0.0       $ 0.0       $ (1.6   $ (1.6

Other long-term liabilities

     0.0         0.0         (7.2     (7.2
  

 

 

    

 

 

    

 

 

   

 

 

 

Total liabilities measured at fair value

   $ 0.0       $ 0.0       $ (8.8   $ (8.8
  

 

 

    

 

 

    

 

 

   

 

 

 

Assets at September 30, 2011:

          

Cash and cash equivalents

   $ 0.2       $ 0.0       $ 0.0      $ 0.2   

Short-term investment

     0.0         0.0         19.2        19.2   

Other assets

     1.1         0.0         1.4        2.5   
  

 

 

    

 

 

    

 

 

   

 

 

 

Total assets measured at fair value

   $ 1.3       $ 0.0       $ 20.6      $ 21.9   
  

 

 

    

 

 

    

 

 

   

 

 

 

Liabilities at September 30, 2011:

          

Other long-term liabilities

   $ 0.0       $ 0.0       $ (0.1   $ (0.1
  

 

 

    

 

 

    

 

 

   

 

 

 

Total liabilities measured at fair value

   $ 0.0       $ 0.0       $ (0.1   $ (0.1
  

 

 

    

 

 

    

 

 

   

 

 

 
Reconciliation For Assets And Liabilities Measured And Recorded At Fair Value On A Recurring Basis

The following table presents the reconciliation for all assets and liabilities measured and recorded at fair value on a recurring basis using significant unobservable inputs (Level 3):

 

(In millions)    Debt Security      Contingent
Consideration
    Option to
Purchase a
Company
 

Balance at September 30, 2011

   $ 19.2       $ (0.1   $ 1.4   

Purchases(1)

     30.5         (9.0     0.0   

Settlements(2)

     0.0         0.3        0.0   
  

 

 

    

 

 

   

 

 

 

Balance at September 28, 2012

   $ 49.7       $ (8.8   $ 1.4   
  

 

 

    

 

 

   

 

 

 

 

(1) Amounts reported under “Contingent Consideration” represent additions to contingent consideration liabilities as a result of acquisitions of businesses.

 

(2) Amounts reported under “Contingent Consideration” represent cash payments to settle contingent consideration liabilities.
Fair Value Of Other Financial Instruments

In the table below, the Company has segregated the fair value of certain financial instruments that are not measured at fair value on a recurring basis into the most appropriate level within the fair value hierarchy based on the inputs used to determine the fair value at the measurement date.

 

     Fair Value Measurement Using  

Type of Instruments

   Quoted Prices in
Active Markets
for Identical
Instruments
(Level 1)
     Significant
Other
Observable
Inputs
(Level 2)
    Significant
Unobservable
Inputs

(Level 3)
     Total
Balance
 
(In millions)                           

At September 28, 2012:

          

Bank deposits (included in “Cash and cash equivalents”)

   $ 660.0       $ 0.0      $ 0.0       $ 660.0   

Short-term borrowings

     0.0         (155.0     0.0         (155.0

Long-term debt

     0.0         (6.8     0.0         (6.8

At September 30, 2011:

          

Bank deposits (included in “Cash and cash equivalents”)

   $ 564.3       $ 0.0      $ 0.0       $ 564.3   

Short-term borrowings

     0.0         (181.4     0.0         (181.4

Long-term debt

     0.0         (17.2     0.0         (17.2