XML 23 R27.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Derivative Instruments (Tables)
6 Months Ended
Aug. 27, 2011
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in the Statement of Financial Position, Fair Value
The following table presents the gross fair values for derivative instruments and the corresponding classification at August 27, 2011, February 26, 2011, and August 28, 2010:
 
 
 
August 27, 2011
 
February 26, 2011
 
August 28, 2010
Contract Type
 
Assets
 
Liabilities
 
Assets
 
Liabilities
 
Assets
 
Liabilities
Cash flow hedges (foreign exchange forward contracts)
 
$
6


 
$


 
$
1


 
$
(2
)
 
$
13


 
$
(4
)
No hedge designation (foreign exchange forward contracts)
 
1


 


 
2


 
(2
)
 
3


 


Total
 
$
7


 
$


 
$
3


 
$
(4
)
 
$
16


 
$
(4
)
Schedule of Derivative Instruments Effect on Other Comprehensive Income
The following tables present the effects of derivative instruments on other comprehensive income (“OCI”) and on our consolidated statements of earnings for the three and six months ended August 27, 2011 and August 28, 2010:
 
 
 
Three Months Ended
 
Six Months Ended
 
 
August 27, 2011
 
August 27, 2011
Contract Type
 
Pre-tax
Gain
Recognized in
OCI(1)
 
Gain
Reclassified
from
Accumulated
OCI to Earnings
(Effective
Portion)(2)
 
Pre-tax
Gain
Recognized in
OCI(1)
 
Gain
Reclassified
from
Accumulated
OCI to Earnings
(Effective
Portion)(2)
Cash flow hedges (foreign exchange forward contracts)
 
$
5


 
$
5


 
$
13


 
$
7


 
 
 
Three Months Ended
 
Six Months Ended
 
 
August 28, 2010
 
August 28, 2010
Contract Type
 
Pre-tax
Gain
Recognized in
OCI(1)
 
Gain
Reclassified
from
Accumulated
OCI to Earnings
(Effective
Portion)(2)
 
Pre-tax
Gain
Recognized in
OCI(1)
 
Gain
Reclassified
from
Accumulated
OCI to Earnings
(Effective
Portion)(2)
Cash flow hedges (foreign exchange forward contracts)
 
$
10


 
$


 
$
10


 
$
1


Net investment hedges (foreign exchange swap contracts)
 


 


 
8


 


Total
 
$
10


 
$


 
$
18


 
$
1




(1)          
Reflects the amount recognized in OCI prior to the reclassification of 50% to noncontrolling interests for the cash flow and net investment hedges, respectively.
 
(2)         
Gain reclassified from accumulated OCI is included within selling, general and administrative expenses (“SG&A”) in our consolidated statements of earnings.
 
Schedule of Derivative Instruments Gain (Loss) in Statement of Financial Performance
The following table presents the effects of derivatives not designated as hedging instruments on our consolidated statements of earnings for the three and six months ended August 27, 2011 and August 28, 2010:
 
 
 
(Loss) Gain Recognized within SG&A
 
 
Three Months Ended
 
Six Months Ended
 
Three Months Ended
 
Six Months Ended
Contract Type
 
August 27, 2011
 
August 27, 2011
 
August 28, 2010
 
August 28, 2010
No hedge designation (foreign exchange forward contracts)
 
$
(3
)
 
$
(9
)
 
$
7


 
$
12


Notional Amounts Foreign Currency Exchange Contracts
The following table presents the notional amounts of our foreign currency exchange contracts at August 27, 2011, February 26, 2011, and August 28, 2010:
 
 
 
Notional Amount
Contract Type
 
August 27,

2011
 
February 26,

2011
 
August 28,

2010
Derivatives designated as cash flow hedging instruments
 
$
268


 
$
264


 
$
311


Derivatives not designated as hedging instruments
 
286


 
493


 
255


Total
 
$
554


 
$
757


 
$
566