Derivative Instruments (Tables)

9 Months Ended

Jun. 30, 2012

Gross Fair Value of Derivative Positions

The following tables summarize the gross fair value of the Company’s derivative positions as of June 30, 2012 and October 1, 2011:


	As of June 30, 2012
	Current Assets			Other Assets			Other Accrued Liabilities			Other Long- Term Liabilities

Derivatives designated as hedges
Foreign exchange	$	178		$	78		$	(58	)	$	(33	)
Interest rate		—			224			—			—
Other		—			—			(3	)		—
Derivatives not designated as hedges
Foreign exchange		69			194			(38	)		—

Gross fair value of derivatives		247			496			(99	)		(33	)
Counterparty netting		(87	)		(24	)		87			24


Total Derivatives ⁽¹⁾	$	160		$	472		$	(12	)	$	(9	)


	As of October 1, 2011
	Current Assets			Other Assets			Other Accrued Liabilities			Other Long- Term Liabilities
Derivatives designated as hedges
Foreign exchange	$	133		$	33		$	(100	)	$	(90	)
Interest rate		1			213			—			—
Other		—			—			(1	)		—
Derivatives not designated as hedges
Foreign exchange		103			229			(51	)		(21	)
Interest rate		—			—			—			(18	)

Gross fair value of derivatives		237			475			(152	)		(129	)
Counterparty netting		(111	)		(56	)		111			56


Total Derivatives ⁽¹⁾	$	126		$	419		$	(41	)	$	(73	)

⁽¹⁾	Refer to Note 12 for further information on derivative fair values and counterparty netting.

The following table summarizes adjustments related to fair value hedges included in net interest expense in the Condensed Consolidated Statements of Income.


	Quarter Ended						Nine Months Ended
	June 30, 2012			July 2, 2011			June 30, 2012			July 2, 2011
Gain (loss) on interest rate swaps	$	25		$	16		$	9		$	(61	)
Gain (loss) on hedged borrowings		(25	)		(16	)		(9	)		61

Pre-Tax Adjustments to Accumulated Other Comprehensive Income for Foreign Exchange Cash Flow Hedges

The following table summarizes the pre-tax adjustments to AOCI for foreign exchange cash flow hedges.


	Quarter Ended						Nine Months Ended
	June 30, 2012			July 2, 2011			June 30, 2012			July 2, 2011
Gain (loss) recorded in AOCI	$	157		$	(114	)	$	218		$	(249	)
Reclassification of (gains) losses from AOCI into revenues and costs and expenses		(29	)		63			(15	)		119

Net change in AOCI	$	128		$	(51	)	$	203		$	(130	)

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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