Alcoa 2010 Annual Report Download - page 148
Download and view the complete annual report
Please find page 148 of the 2010 Alcoa annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138 -
139 -
140 -
141 -
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153 -
154 -
155 -
156 -
157 -
158 -
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
 |
 |
The fair values of outstanding derivative contracts recorded as assets in the accompanying Consolidated Balance
Sheet were as follows:
Asset Derivatives
December 31,
2010
December 31,
2009
Derivatives designated as hedging instruments:
Prepaid expenses and other current assets:
Aluminum contracts $ 48 $ 59
Energy contracts - 7
Foreign exchange contracts 2 7
Interest rate contracts 19 34
Other noncurrent assets:
Aluminum contracts 22 22
Energy contracts 9 -
Foreign exchange contracts - 5
Interest rate contracts 62 73
Total derivatives designated as hedging instruments $162 $207
Derivatives not designated as hedging instruments*:
Prepaid expenses and other current assets:
Aluminum contracts $ 3 $ 6
Energy contracts - 1
Other noncurrent assets:
Aluminum contracts - 3
Foreign exchange contracts 1 -
Total derivatives not designated as hedging instruments $ 4 $ 10
Less margin held:
Prepaid expenses and other current assets:
Aluminum contracts $ 4 $ 22
Energy contracts - 1
Interest rate contracts 13 19
Other noncurrent assets:
Interest rate contracts 2 18
Sub-total $ 19 $ 60
Total Asset Derivatives $147 $157
* 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.
140