Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Dec. 27, 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					Liability Derivatives
	Balance Sheet Location	December 27, 2013		September 27, 2013		Balance Sheet Location	December 27, 2013		September 27, 2013
(In millions)		Fair Value		Fair Value			Fair Value		Fair Value
Derivatives designated as hedging instruments:
Foreign exchange forward contracts	Prepaid expenses and other current assets	$	3.0	$	—	Accrued liabilities	$	0.5	$	1.1
Derivatives not designated as hedging instruments:
Foreign exchange forward contracts	Prepaid expenses and other current assets		—		—	Accrued liabilities		—		—
Total derivatives		$	3.0	$	—		$	0.5	$	1.1

Outstanding Foreign Currency Forward Contracts

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 December 27, 2013
(In millions)	Notional Value Sold		Notional Value Purchased
Australian dollar	$	10.8	$	—
British pound		26.8		—
Canadian dollar		2.7		—
Euro		180.7		1.0
Hungarian forint		—		0.5
Indian rupee		5.7		—
Japanese yen		126.6		—
Norwegian krone		—		2.1
Swedish krona		3.7		—
Swiss franc		—		49.4
Totals	$	357.0	$	53.0

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)				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)
	Three Months Ended						Three Months Ended
(In millions)	December 27, 2013		December 28, 2012				December 27, 2013			December 28, 2012
Foreign exchange contracts	$	3.2	$	0.3		Revenues	$	(0.4	)	$	0.8

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

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.

Location of Gain Recognized in Income on Derivative	Amount of Gain Recognized in Net Earnings on Derivative
	Three Months Ended
(In millions)	December 27, 2013		December 28, 2012
Selling, general and administrative expenses	$	4.7	$	2.5

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)	December 27, 2013
Euro	$	33.9
Japanese yen		55.4
Totals	$	89.3