DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

The Company measures all derivatives at fair value on the Condensed Consolidated Balance Sheets. The accounting for gains or losses resulting from changes in the fair value of those derivatives depends upon the use of the derivative and whether it qualifies for hedge accounting.

Cash Flow Hedging Activities

As of December 28, 2018 and September 28, 2018, the Company did not have any outstanding foreign currency forward contracts designated as cash flow hedges. During the three months ended December 29, 2017, the Company recognized an unrealized loss of $0.3 million on foreign currency forward contracts designated as cash flow hedges in other comprehensive earnings.

The effect of cash flow hedge accounting on the Condensed Consolidated Statements of Earnings (Loss) was as follows:



	Location and Amount Recognized in Earnings on Cash Flow Hedging Relationships
	Three Months Ended
	December 29, 2017
(In millions)	Revenues
Total amounts of income and expense line items presented in the Condensed Consolidated Statements of Earnings (Loss) in which the effects of fair value and cash flow hedges are recorded	$	678.5
Loss on cash flow hedge relationships:
Foreign currency forward contracts:
Amount of gain reclassified from accumulated other comprehensive loss into earnings	$	0.1

Balance Sheet Hedging Activities

The Company also hedges balance sheet exposures from its various subsidiaries and business units where the U.S. Dollar is the functional currency. For derivative instruments not designated as hedging instruments, changes in their fair values are recognized in other income (expense), net in the Condensed Consolidated Statements of Earnings (Loss). Changes in the values of these hedging instruments are offset by changes in the values of foreign-currency-denominated assets and liabilities. At December 28, 2018, and September 28, 2018, the fair value of the Company's derivatives not designated as hedging instruments was not material.

The Company had the following outstanding foreign currency forward contracts relating to balance sheet hedging activities:



	December 28, 2018
(In millions)	Notional Value Sold		Notional Value Purchased
Australian Dollar	$	24.3	$	—
Brazilian Real	10.9		—
British Pound	30.0		0.8
Chinese Yuan	—		3.7
Canadian Dollar	2.7		—
Danish Krone	—		4.8
Euro	194.0		1.8
Indian Rupee	20.3		—
Japanese Yen	72.5		—
Polish Zloty	21.5		—
South African Rand	8.7		—
Swedish Krona	6.9		—
Swiss Franc	—		56.7
Taiwan Dollar	12.9		—
Thai Baht	6.5		—
Totals	$	411.2	$	67.8

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



Location of Gain (Loss) Recognized in Net Earnings on Derivative Instruments	Amount of Gain (Loss) Recognized in Net Earnings on Derivative Instruments
	Three Months Ended
(In millions)	December 28, 2018		December 29, 2017
Other income (expense), net	$	2.8	$	(4.7	)

The gains (losses) on these derivative instruments were significantly offset by the gains (losses) resulting from the re-measurement of monetary assets and liabilities denominated in currencies other than the U.S. Dollar functional currency.