Alcoa 2009 Annual Report Download - page 143
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The fair values of outstanding derivative contracts recorded as assets in the accompanying Consolidated Balance
Sheet were as follows:
Asset Derivatives Balance Sheet Location
December 31,
2009
December 31,
2008
Derivatives designated as hedging
instruments:
Aluminum contracts Prepaid expenses and other current
assets $ 59 $ -
Interest rate contracts Prepaid expenses and other current
assets 34 14
Foreign exchange contracts Prepaid expenses and other current
assets 7 -
Energy contracts Prepaid expenses and other current
assets 7 -
Aluminum contracts Other noncurrent assets 22 26
Interest rate contracts Other noncurrent assets 73 146
Foreign exchange contracts Other noncurrent assets 5 -
Total derivatives designated as
hedging instruments $207 $186
Derivatives not designated as hedging
instruments*:
Aluminum contracts Prepaid expenses and other current
assets $ 6 $ 35
Energy contracts Prepaid expenses and other current
assets 1 17
Aluminum contracts Other noncurrent assets 3 -
Energy contracts Other noncurrent assets - 1
Total derivatives not designated
as hedging instruments $ 10 $ 53
Less margin held:
Interest rate contracts Prepaid expenses and other current
assets $ 19 $ 3
Aluminum contracts Prepaid expenses and other current
assets 22 -
Energy contracts Prepaid expenses and other current
assets 1 -
Interest rate contracts Other noncurrent assets 18 64
Sub-total $ 60 $ 67
Total Asset Derivatives $157 $172
*See the “Other” section within Note X for additional information on Alcoa’s purpose for entering into derivatives not
designated as hedging instruments and its overall risk management strategies.
135