XML 49 R35.htm IDEA: XBRL DOCUMENT v3.8.0.1
Derivative Instruments and Hedging Activities (Tables)
 12 Months Ended
Sep. 29, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
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 on 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)
 
2017
 
2016
 
2015
 
 
2017
 
2016
 
2015
Foreign currency forward contracts
 
$
—

 
$
(1.0
)
 
$
2.2

 
Revenues
 
$
—

 
$
(1.0
)
 
$
3.8
Outstanding Foreign Currency Forward Contracts
The Company had the following outstanding foreign currency forward contracts:
 
 
September 29, 2017
(In millions)
 
Notional Value Sold
 
Notional
Value Purchased
Australian Dollar
 
$
29.1

 
$
—

Brazilian Real
 
5.2

 
—

British Pound
 
14.8

 
0.1

Canadian Dollar
 
8.2

 
—

Danish Krone
 
—

 
0.3

Euro
 
247.2

 
6.1

Hungarian Forint
 
3.1

 
—

Indian Rupee
 
12.7

 
—

Japanese Yen
 
47.1

 
—

Polish Zloty
 
4.6

 
—

Swedish Krona
 
0.6

 
—

Swiss Franc
 
—

 
59.8

Thai Baht
 
4.8

 
—

Totals
 
$
377.4

 
$
66.3
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 Company's Consolidated Statements of Earnings related to the foreign currency forward 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
 
 
Fiscal Years
(In millions)
 
2017
 
2016
 
2015
Selling, general and administrative expenses
 
$
(10.9
)
 
$
(5.3
)
 
$
27.6