Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Apr. 03, 2015

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Fair Value of Derivative Instruments Reported in Condensed Consolidated Balance Sheets

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

	Asset Derivatives					Liability Derivatives
	Balance Sheet	April 3, 2015		September 26, 2014		Balance Sheet	April 3, 2015		September 26, 2014
(In millions)	Location	Fair Value		Fair Value		Location	Fair Value		Fair Value
Derivatives designated as hedging instruments:
Foreign exchange forward contracts	Prepaid expenses and other current assets	$	1.0	$	1.5	Accrued liabilities	$	0.2	$	—
Total derivatives		$	1.0	$	1.5		$	0.2	$	—

Outstanding Foreign Currency Forward Contracts

The Company had the following outstanding foreign currency forward contracts:

	April 3, 2015
	Notional		Notional Value
(In millions)	Value Sold		Purchased
Australian Dollar	$	19.9	$	—
Brazilian Real	1.7		—
British Pound	13.4		—
Canadian Dollar	—		4.3
Danish Krone	—		0.3
Euro	192.8		—
Hungarian Forint	8.0		—
Indian Rupee	9.1		—
Japanese Yen	50.2		—
New Zealand Dollar	2.8		—
Norwegian Krone	3.0		—
Swedish Krona	2.5		—
Swiss Franc	—		52.8
Totals	$	303.4	$	57.4

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					Six Months Ended					Three Months Ended				Six Months Ended
	April 3,		March 28,			April 3,		March 28,			April 3,		March 28,		April 3,		March 28,
(In millions)	2015		2014			2015		2014			2015		2014		2015		2014
Foreign currency forward contracts	$	1.2	$	(1.1	)	$	2.0	$	2.1	Revenues	$	1.8	$	1.7	$	2.7	$	1.3

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 Condensed Consolidated Statements of Earnings related to the foreign currency forward exchange contracts that are not designated as hedging instruments:

Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Net Earnings on Derivative
	Three Months Ended					Six Months Ended
	April 3,		March 28,			April 3,		March 28,
(In millions)	2015		2014			2015		2014
Selling, general and administrative expenses	$	22.5	$	(3.2	)	$	34.0	$	1.5

Cash Flow Hedging

Derivative Instruments and Hedging Activities Disclosures [Line Items]

Outstanding Foreign Currency Forward Contracts

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

	April 3, 2015
	Notional Value
(In millions)	Sold
Euro	$	22.8
Japanese Yen	24.2
Totals	$	47.0