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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
12 Months Ended
Sep. 28, 2012
Fair Values Of Derivative Instruments Reported On The Consolidated Balance Sheet

The fair values of derivative instruments reported on the Company’s Consolidated Balance Sheets were as follows:

 

   

Asset Derivatives

        

Liability Derivatives

 
   

Balance Sheet
Location

  September 28,
2012
    September 30,
2011
        

Balance Sheet

Location

  September 28,
2012
    September 30,
2011
 
(In millions)     Fair Value     Fair Value            Fair Value     Fair Value  

Derivative designated as hedging instruments:

               

Foreign exchange forward contracts

  Prepaid Expenses   $ 0.8      $ 0.0          Accrued liabilities   $ 0.0      $ 0.0   

Derivative not designated as hedging instruments:

               

Foreign exchange forward contracts

  Prepaid Expenses     0.0        0.0          Accrued liabilities     0.0        0.0   
   

 

 

   

 

 

         

 

 

   

 

 

 

Total derivatives

    $ 0.8      $ 0.0            $ 0.0      $ 0.0   
   

 

 

   

 

 

         

 

 

   

 

 

 
Outstanding Foreign Currency Forward Contracts That Were Entered Into To Hedge Forecasted Revenues

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

 

     At September 28,
2012
 
(In millions)    Notional Value
Sold
 

Euro

   $ 83.1   

Japanese yen

     32.5   
  

 

 

 

Totals

   $ 115.6   
  

 

 

 
Effective Portion Of The Foreign Currency Forward Contracts Designated As Cash Flow Hedges

The following table presents the amounts, before tax, recognized in “Accumulated other comprehensive loss” in the Consolidated Balance Sheets and in the Consolidated Statements of Earnings that are related to the effective portion of the foreign currency forward contracts designated as cash flow hedges:

 

    Gain (Loss) Recognized in Other
Comprehensive

Income (Effective Portion)
     Location of Gain (Loss)
Reclassified from
Accumulated Other
Comprehensive

Income into Net
Earnings (Effective Portion)
  Gain (Loss) Reclassified from
Accumulated Other

Comprehensive Income into Net
Earnings (Effective Portion)
 
    Fiscal Years        Fiscal Years  
(in millions)       2012             2011             2010                2012             2011             2010      

Foreign exchange contracts

  $ 1.4      $ (0.5   $ 0.4       Revenues   $ 0.6      $ (1.0   $ 0.9   
Outstanding Foreign Currency Forward Contracts That Were Entered Into To Hedge Balance Sheet Exposures

The Company had the following outstanding foreign currency forward contracts that were entered into to hedge balance sheet exposures from its various foreign subsidiaries and business units:

 

     At September 28, 2012  
(In millions)    Notional
Value Sold
     Notional
Value
Purchased
 

Australian dollar

   $ 19.5       $ 0.0   

Canadian dollar

     7.0         0.0   

Danish krona

     2.2         0.0   

Euro

     200.2         0.0   

Indian rupee

     3.9         0.0   

Japanese yen

     51.4         0.0   

Norwegian krone

     3.3         0.0   

Swiss franc

     0.0         69.1   
  

 

 

    

 

 

 

Totals

   $ 287.5       $ 69.1   
  

 

 

    

 

 

 
Gains (Losses) Related To The Foreign Currency Forward Exchange Contracts That Are Not Designated As Hedging Instruments

The following table presents the gains (losses) recognized in the Consolidated Statements of Earnings related to the foreign currency forward contracts that are not designated as hedging instruments under ASC 815.

 

Location of Gain or (Loss)

Recognized in Income on Derivative

   Amount of Gain or (Loss)
Recognized in Net Earnings  on
Derivative
 
     Fiscal Years  
(In millions)        2012              2011              2010      

Selling, general and administrative expenses

   $ 5.0       $ 2.3       $ 10.1