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## Notes to consolidated financial statements September 27, 2014 and September 28, 2013 

(Millions of dollars, unless otherwise indicated) 

## FOREIGN EXCHANGE RISK 

Given that some of its purchases are denominated in foreign currencies, the Corporation is exposed to foreign exchange risk. 

In accordance with its risk management policy, the Corporation uses derivative financial instruments, consisting of foreign exchange forward contracts, to hedge against the ef fect of foreign exchange rate fluctuations on its future foreign- denominated purchases of goods and services. 

As at September 27, 2014 and September 28, 2013 , the fair value of foreign exchange forward contracts was insignificant. 

## 31. EVENT AFTER THE REPORTING PERIOD 

The Corporation deemed market conditions to be favourable to long-term financing. On December 1, 2014, the Corporation issued a private placement of $300.0 aggregate principal amount of Series C unsecured senior notes, bearing interest at a fixed nominal rate of 3.20% and maturing December 1, 2021, and $300.0 aggregate principal amount of Series D unsecured senior notes, bearing interest at a fixed nominal rate of 5.03% and maturing December 1, 2044. The Corporation decided to allocate the proceeds to repayment of existing debt, working capital and other general corporate purposes. On December 5, 2014, the Corporation paid of f its $335,0 unsecured renewable revolving credit facility which had a weighted average rate of 2.39%. The Corporation also decided to redeem its $200.0 aggregate principal amount of Series A  notes, at a fixed nominal rate of 4.98%, maturing October 15, 2015; the redemption date will be December 31, 2014. Redemption fees will be $5.9. 

## 32. APPROVAL OF FINANCIAL STATEMENTS 

The consolidated financial statements of fiscal year ended September 27, 2014 (including comparative figures) were approved for issue by the Board of Directors on December 12, 2014 . 

