Derivative Financial Instruments and Hedging Activities (Tables)

12 Months Ended

Apr. 27, 2011

Derivative Financial Instruments and Hedging Activities (Tables) [Abstract]

Fair values and corresponding balance sheet captions of the Company's derivative instruments

	April 27, 2011						April 28, 2010
					Cross-						Cross-
					Currency						Currency
	Foreign		Interest		Interest Rate		Foreign		Interest		Interest Rate
	Exchange		Rate		Swap		Exchange		Rate		Swap
	Contracts		Contracts		Contracts		Contracts		Contracts		Contracts
	(Dollars in Thousands)
Assets:
Derivatives designated as hedging instruments:
Other receivables, net	$	28,139	$	38,703	$	—	$	7,408	$	70,746	$	—
Other non-current assets		7,913		16,723		14,898		16,604		38,460		—
		36,052		55,426		14,898		24,012		109,206		—
Derivatives not designated as hedging instruments:
Other receivables, net		9,329		—		—		555		—		—
Other non-current assets		—		—		—		—		—		—
		9,329		—		—		555		—		—
Total assets	$	45,381	$	55,426	$	14,898	$	24,567	$	109,206	$	—
Liabilities:
Derivatives designated as hedging instruments:
Other payables	$	27,804	$	—	$	6,125	$	16,672	$	—	$	3,510
Other non-current liabilities		8,054		—		—		4,279		—		8,422
		35,858		—		6,125		20,951		—		11,932
Derivatives not designated as hedging instruments:
Other payables		1,024		—		—		3,153		—		—
Other non-current liabilities		—		—		—		—		—		—
		1,024		—		—		3,153		—		—
Total liabilities	$	36,882	$	—	$	6,125	$	24,104	$	—	$	11,932

Effect of derivative instruments on the statement of income

	Fiscal Year Ended
	April 27, 2011
							Cross-Currency
	Foreign Exchange			Interest Rate			Interest Rate
	Contracts			Contracts			Swap Contracts
	(Dollars in Thousands)
Cash flow hedges:
Net gains recognized in other comprehensive loss (effective portion)	$	3,626		$	—		$	16,649
Net gains/(losses) reclassified from other comprehensive loss into earnings (effective portion):
Sales	$	3,375		$	—		$	—
Cost of products sold		(23,372	)		—			—
Selling, general and administrative expenses		(141	)		—			—
Other (expense)/income, net		35,744			—			24,644
Interest income/(expense)		226			—			(4,484	)
		15,832			—			20,160
Fair value hedges:
Net losses recognized in other (expense)/income, net		—			(51,125	)		—
Net losses recognized in interest expense		—			(351	)		—
		—			(51,476	)		—
Derivatives not designated as hedging instruments:
Net gains recognized in other (expense)/income, net		3,351			—			—
Net gains recognized in interest income		—			—			—
		3,351			—			—
Total amount recognized in statement of income	$	19,183		$	(51,476	)	$	20,160

	Fiscal Year Ended
	April 28, 2010
							Cross-Currency
	Foreign Exchange			Interest Rate			Interest Rate
	Contracts			Contracts			Swap Contracts
	(Dollars in Thousands)
Cash flow hedges:
Net losses recognized in other comprehensive loss (effective portion)	$	(38,422	)	$	—		$	(13,692	)
Net gains/(losses) reclassified from other comprehensive loss into earnings (effective portion):
Sales	$	1,141		$	—		$	—
Cost of products sold		(5,104	)		—			—
Selling, general and administrative expenses		108			—			—
Other (expense)/income, net		(11,574	)		—			(7,819	)
Interest income/(expense)		20			—			(1,867	)
		(15,409	)		—			(9,686	)
Fair value hedges:
Net losses recognized in other (expense)/income, net		—			(41,730	)		—
Derivatives not designated as hedging instruments:
Net losses recognized in other (expense)/income, net		(59	)		—			—
Net gains recognized in interest income		—			30,469			—
		(59	)		30,469			—
Total amount recognized in statement of income	$	(15,468	)	$	(11,261	)	$	(9,686	)

	Fiscal Year Ended
	April 29, 2009
							Cross-Currency
	Foreign Exchange			Interest Rate			Interest Rate
	Contracts			Contracts			Swap Contracts
	(Dollars in Thousands)
Cash flow hedges:
Net gains recognized in other comprehensive loss (effective portion)	$	42,617		$	—		$	—
Net gains/(losses) reclassified from other comprehensive loss into earnings (effective portion):
Sales	$	(6,809	)	$	—		$	—
Cost of products sold		45,836			—			—
Selling, general and administrative expenses		1,896			—			—
Other (expense)/income, net		(15,777	)		—			—
Interest income/(expense)		1,112			—			—
		26,258			—			—
Fair value hedges:
Net gains recognized in other income/(expense), net		—			57,976			—
Derivatives not designated as hedging instruments:
Net gains/(losses) recognized in other income/(expense), net		65,135			(110	)		—
Net gains recognized in interest income		—			20,200			—
		65,135			20,090			—
Total amount recognized in statement of income	$	91,393		$	78,066		$	—