pre_text: as of october 31 , 2009 , the total notional amount of these undesignated hedges was $ 38 million . the fair value of these hedging instruments in the company 2019s condensed consolidated balance sheet as of october 31 , 2009 was immaterial . interest rate exposure management 2014 on june 30 , 2009 , the company entered into interest rate swap transactions related to its outstanding notes where the company swapped the notional amount of its $ 375 million of fixed rate debt at 5.0% ( 5.0 % ) into floating interest rate debt through july 1 , 2014 . under the terms of the swaps , the company will ( i ) receive on the $ 375 million notional amount a 5.0% ( 5.0 % ) annual interest payment that is paid in two installments on the 1st of every january and july , commencing january 1 , 2010 through and ending on the maturity date ; and ( ii ) pay on the $ 375 million notional amount an annual three-month libor plus 2.05% ( 2.05 % ) ( 2.34% ( 2.34 % ) as of october 31 , 2009 ) interest payment , payable in four installments on the 1st of every january , april , july and october , commencing on october 1 , 2009 and ending on the maturity date . the libor based rate is set quarterly three months prior to the date of the interest payment . the company designated these swaps as fair value hedges . the fair value of the swaps at inception were zero and subsequent changes in the fair value of the interest rate swaps were reflected in the carrying value of the interest rate swaps on the balance sheet . the carrying value of the debt on the balance sheet was adjusted by an equal and offsetting amount . the gain or loss on the hedged item ( that is fixed- rate borrowings ) attributable to the hedged benchmark interest rate risk and the offsetting gain or loss on the related interest rate swaps as of october 31 , 2009 is as follows : income statement classification gain/ ( loss ) on gain/ ( loss ) on note net income effect .
post_text: the amounts earned and owed under the swap agreements are accrued each period and are reported in interest expense . there was no ineffectiveness recognized in any of the periods presented . the market risk associated with the company 2019s derivative instruments results from currency exchange rate or interest rate movements that are expected to offset the market risk of the underlying transactions , assets and liabilities being hedged . the counterparties to the agreements relating to the company 2019s derivative instruments consist of a number of major international financial institutions with high credit ratings . the company does not believe that there is significant risk of nonperformance by these counterparties because the company continually monitors the credit ratings of such counterparties . furthermore , none of the company 2019s derivative transactions are subject to collateral or other security arrangements and none contain provisions that are dependent on the company 2019s credit ratings from any credit rating agency . while the contract or notional amounts of derivative financial instruments provide one measure of the volume of these transactions , they do not represent the amount of the company 2019s exposure to credit risk . the amounts potentially subject to credit risk ( arising from the possible inability of counterparties to meet the terms of their contracts ) are generally limited to the amounts , if any , by which the counterparties 2019 obligations under the contracts exceed the obligations of the company to the counterparties . as a result of the above considerations , the company does not consider the risk of counterparty default to be significant . the company records the fair value of its derivative financial instruments in the consolidated financial statements in other current assets , other assets or accrued liabilities , depending on their net position , regardless of the purpose or intent for holding the derivative contract . changes in the fair value of the derivative financial instruments are either recognized periodically in earnings or in shareholders 2019 equity as a component of oci . changes in the fair value of cash flow hedges are recorded in oci and reclassified into earnings when the underlying contract matures . changes in the fair values of derivatives not qualifying for hedge accounting are reported in earnings as they occur . the total notional amount of derivative instruments designated as hedging instruments as of october 31 , 2009 is as follows : $ 375 million of interest rate swap agreements accounted as fair value hedges , and $ 128.0 million of analog devices , inc . notes to consolidated financial statements 2014 ( continued ) .
table: Income Statement Classification Gain/(Loss) on   Swaps Gain/(Loss)   on Note Net Income   Effect
table: Other income $6,109 $(6,109) $—
question: Analyse this data from a financial earnings document. what is the net difference between in amounts used to as hedging instruments?