XML 43 R30.htm IDEA: XBRL DOCUMENT v3.3.1.900
Derivative Instruments (Tables)
 3 Months Ended
Jan. 02, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Gross Fair Value of Derivative Positions
The Company’s derivative positions measured at fair value are summarized in the following tables: 
 
As of January 2, 2016
 
Current
Assets
 
Other Assets
 
Other
Accrued
Liabilities
 
Other Long-
Term
Liabilities
Derivatives designated as hedges
 
 
 
 
 
 
 
Foreign exchange
$
393

 
$
257

 
$
(51
)
 
$
(15
)
Interest rate
—

 
69

 
(23
)
 
—

Other
—

 
—

 
(23
)
 
(3
)
Derivatives not designated as hedges
 
 
 
 
 
 
 
Foreign exchange
175

 
101

 
(111
)
 
(7
)
Other
—

 
—

 
—

 
(10
)
Gross fair value of derivatives
568

 
427

 
(208
)
 
(35
)
Counterparty netting
(155
)
 
(74
)
 
205

 
24

Cash collateral received
(260
)
 
(146
)
 
—

 
—

Net derivative positions
$
153

 
$
207

 
$
(3
)
 
$
(11
)
 
 
As of October 3, 2015
 
Current
Assets
 
Other Assets
 
Other
Accrued
Liabilities
 
Other Long-
Term
Liabilities
Derivatives designated as hedges
 
 
 
 
 
 
 
Foreign exchange
$
406

 
$
271

 
$
(54
)
 
$
(17
)
Interest rate
—

 
101

 
—

 
—

Other
—

 
—

 
(18
)
 
(3
)
Derivatives not designated as hedges
 
 
 
 
 
 
 
Foreign exchange
146

 
87

 
(102
)
 
(5
)
Other
—

 
—

 
—

 
(17
)
Gross fair value of derivatives
552

 
459

 
(174
)
 
(42
)
Counterparty netting
(136
)
 
(56
)
 
169

 
23

Cash collateral received
(238
)
 
(191
)
 
—

 
—

Net derivative positions
$
178

 
$
212

 
$
(5
)
 
$
(19
)
Adjustments Related to Fair Value Hedges Included in Interest Income/(Expense) in Consolidated Statements of Income
The following table summarizes adjustments related to fair value hedges included in "Interest expense, net" in the Condensed Consolidated Statements of Income. 
 
Quarter Ended
 
January 2,
2016
 
December 27,
2014
Gain (loss) on interest rate swaps
$
(55
)
 
$
10

Gain (loss) on hedged borrowings
55

 
(10
)
Net Gains or Losses Recognized in Costs and Expenses on Economic Exposures Associated with Foreign Currency Exchange Rates
The following table summarizes the net foreign exchange gains or losses recognized on foreign currency denominated assets and liabilities and the net foreign exchange gains or losses on the foreign exchange contracts we entered into to mitigate our exposure with respect to foreign currency denominated assets and liabilities for the quarters ended January 2, 2016 and December 27, 2014 by the corresponding line item in which they are recorded in the Condensed Consolidated Statements of Income.
 
Costs and Expenses
 
Interest expense, net
 
Quarter Ended
 
Quarter Ended
 
January 2,
2016
 
December 27,
2014
 
January 2,
2016
 
December 27,
2014
Net gains (losses) on foreign currency denominated assets and liabilities
$
(89
)
 
$
(215
)
 
$
10

 
$
12

Net gains (losses) on foreign exchange risk management contracts not designated as hedges
79

 
205

 
(12
)
 
(12
)
Net gains (losses)
$
(10
)
 
$
(10
)
 
$
(2
)
 
$
—