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Derivatives and Hedging Activities (Tables)
6 Months Ended
Oct. 26, 2012
Schedule Of Notional Value Of Outstanding Foreign Currency Forward Contracts

The notional value of our outstanding foreign currency forward purchase contracts that were entered into to hedge forecasted foreign denominated sales and our foreign currency denominated monetary asset and liability exposures consisted of the following (in millions):

 

     October 26,
2012
     April 27,
2012
 

Cash Flow Hedges

     

Euro

   $ 142.4       $ 96.9   

British Pound Sterling

     39.6         29.8   

Balance Sheet Contracts

     

Euro

     179.0         267.4   

British Pound Sterling

     76.2         86.4   

Australian Dollar

     95.4         38.5   

Canadian Dollar

     30.4         54.3   

Swiss Franc

     24.8         7.3   

Israeli Shekel

     24.4         17.2   

Other

     45.1         44.0   
Schedule of Derivative Instruments Designated as Cash Flow Hedges

The effect of derivative instruments designated as cash flow hedges recognized in net revenues on our condensed consolidated statements of operations was as follows (in millions):

 

     Three Months Ended October 26, 2012      Three Months Ended October 28, 2011  

Derivatives in Cash Flow Hedging Relationships

   Loss
     Recognized in    
AOCI
     Loss
     Reclassified from    
AOCI into
Income
     Gain
     Recognized    
in AOCI
     Gain
     Reclassified from    
AOCI into
Income
 

Foreign exchange forward purchase contracts

   $ 5.5       $ 2.6       $ 5.9       $ 5.8   

 

     Six Months Ended October 26, 2012      Six Months Ended October 28, 2011  

Derivatives in Cash Flow Hedging Relationships

   Gain
     Recognized in    
AOCI
     Gain
     Reclassified from    
AOCI into
Income
     Gain
     Recognized    
in AOCI
     Gain
     Reclassified from    
AOCI into
Income
 

Foreign exchange forward purchase contracts

   $ 0.9       $ 1.9       $ 10.3       $ 7.6   
Schedule of Derivative Instruments Not Designated as Cash Flow Hedges

The effect of derivative instruments not designated as hedges recognized in other income (expense), net on our condensed consolidated statements of operations was as follows (in millions):

 

     Three Months Ended      Six Months Ended  
     October 26, 2012     October 28, 2011      October 26, 2012      October 28, 2011  

Derivatives Not Designated as Hedging Instruments

   Gain (Loss) Recognized into Income      Gain Recognized into Income  

Foreign exchange forward purchase contracts

   $ (9.7   $ 7.9       $ 6.2       $ 14.1