XML 43 R30.htm IDEA: XBRL DOCUMENT v3.6.0.2
Derivative Instruments (Tables)
 3 Months Ended
Dec. 31, 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 December 31, 2016
 
Current
Assets
 
Other Assets
 
Other
Accrued
Liabilities
 
Other Long-
Term
Liabilities
Derivatives designated as hedges
 
 
 
 
 
 
 
Foreign exchange
$
429

 
$
298

 
$
(106
)
 
$
(103
)
Interest rate
—

 
16

 
(127
)
 
—

Other
8

 
4

 
(1
)
 
—

Derivatives not designated as hedges
 
 
 
 
 
 
 
Foreign exchange
259

 
39

 
(129
)
 
(1
)
Interest rate
—

 
—

 
—

 
(22
)
Gross fair value of derivatives
696

 
357

 
(363
)
 
(126
)
Counterparty netting
(306
)
 
(149
)
 
338

 
117

Cash collateral (received)/paid
(243
)
 
(63
)
 
1

 
—

Net derivative positions
$
147

 
$
145

 
$
(24
)
 
$
(9
)
 
 
As of October 1, 2016
 
Current
Assets
 
Other Assets
 
Other
Accrued
Liabilities
 
Other Long-
Term
Liabilities
Derivatives designated as hedges
 
 
 
 
 
 
 
Foreign exchange
$
278

 
$
191

 
$
(209
)
 
$
(163
)
Interest rate
—

 
132

 
(13
)
 
—

Other
3

 
3

 
(4
)
 
—

Derivatives not designated as hedges
 
 
 
 
 
 
 
Foreign exchange
125

 
2

 
(133
)
 
(5
)
Gross fair value of derivatives
406

 
328

 
(359
)
 
(168
)
Counterparty netting
(241
)
 
(199
)
 
316

 
124

Cash collateral (received)/paid
(77
)
 
(44
)
 
7

 
—

Net derivative positions
$
88

 
$
85

 
$
(36
)
 
$
(44
)
Adjustments Related to Fair Value Hedges Included in Interest Expense, net in the 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
 
December 31,
2016
 
January 2,
2016
Gain (loss) on interest rate swaps
$
(232
)
 
$
(55
)
Gain (loss) on hedged borrowings
232

 
55
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 December 31, 2016 and January 2, 2016 by the corresponding line item in which they are recorded in the Condensed Consolidated Statements of Income.
 
Costs and Expenses
 
Interest expense, net
 
Income Tax expense
Quarter Ended:
December 31,
2016
 
January 2,
2016
 
December 31,
2016
 
January 2,
2016
 
December 31,
2016
 
January 2,
2016
Net gains (losses) on foreign currency denominated assets and liabilities
$
(233
)
 
$
(89
)
 
$
7

 
$
10

 
$
23

 
$
23

Net gains (losses) on foreign exchange risk management contracts not designated as hedges
221

 
79

 
(7
)
 
(12
)
 
(31
)
 
—

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

 
$
(2
)
 
$
(8
)
 
$
23