Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Jun. 28, 2013

Fair Value of Derivative Instrument Reported in Statement of Financial Position

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

	Asset Derivatives
	Balance Sheet Location	June 28, 2013		September 28, 2012		Balance Sheet Location	June 28, 2013		September 28, 2012
(In millions)	Balance Sheet Location	Fair Value		Fair Value		Balance Sheet Location	Fair Value		Fair Value
Derivatives designated as hedging instruments:
Foreign exchange forward contracts	Prepaid expenses and other current assets	$	—	$	0.8	Accrued liabilities	$	—		$	—

Derivatives not designated as hedging instruments:
Foreign exchange forward contracts	Prepaid expenses and other current assets		1.1		—	Accrued liabilities		—			—
Total derivatives		$	1.1	$	0.8		$	—		$	—

Outstanding Foreign Currency Forward Contracts

The Company had the following outstanding foreign currency forward contracts that were either (i) entered into to hedge balance sheet exposures from its various foreign subsidiaries and business units or (ii) originally designated as cash flow hedges (primarily in Euro and Japanese Yen) and were subsequently de-designated when the forecasted revenues are recognized:

	At June 28, 2013
(In millions)	Notional Value Sold			Notional Value Purchased

Australian dollar	$	19.2	$		—
British pound		15.2			—
Danish krona		—			5.0
Euro		180.3			3.6
Indian rupee		5.5			—
Japanese yen		72.9			—
Norwegian krone		2.2			—
Swedish krona		3.0			—
Swiss franc		—			65.5
Totals	$	298.3	$		74.1

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” in the Condensed Consolidated Balance Sheets and in the Condensed 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)
	Three Months Ended						Nine Months Ended					Three Months Ended						Nine Months Ended
(In millions)	June 28, 2013			June 29, 2012			June 28, 2013		June 29, 2012			June 28, 2013			June 29, 2012			June 28, 2013			June 29, 2012

Foreign exchange contracts	$	(0.3	)	$	(0.5	)	$	2.0	$	0.7	Revenues		$	2.0		$	0.2		$	3.0		$	0.3

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

Location of Gain Recognized in Income on Derivative	Amount of Gain Recognized in Net Earnings on Derivative						Amount of Gain Recognized in Net Earnings on Derivative
	Three Months Ended						Nine Months Ended
(In millions)	June 28, 2013		June 29, 2012			June 28, 2013				June 29, 2012

Selling, general and administrative expenses	$	3.4	$	6.6	$			15.7	$		8.7

Cash Flow Hedging

Outstanding Foreign Currency Forward Contracts

The Company had the following outstanding foreign currency forward contracts that were designated as cash flow hedges:

	Notional Value Sold
(In millions)	June 28, 2013

Euro	$	19.1
Totals	$	19.1

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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