This excerpt taken from the DIS 10-Q filed May 5, 2009.
Risk Management Derivatives Not Designated as Hedges
The Company is exposed to certain interest rate, foreign exchange, commodity price and credit default risk for which the Company enters into risk management contracts that are not designated as hedges and do not quality for hedge accounting. These contracts are intended to offset economic exposures of the Company and are carried at market value with any changes in value recorded in earnings.
The Company enters into the following derivative contracts which may not be designated as hedge instruments:
The notional amount of these contracts at March 28, 2009 and the gain or loss recognized in income for the six months then ended were not material, except for foreign exchange contracts. The notional amount of foreign exchange contracts at March 28, 2009 was $2.0 billion and gains recognized in income for the six months then ended totaled $214 million. These gains were largely offset by recognition of the related economic exposures.