Archer Daniels Midland 2010 Annual Report Download - page 53

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49
Archer Daniels Midland Company
Notes to Consolidated Financial Statements (Continued)
Note 3.
Fair Value Measurements (Continued)
The following tables set forth, by level, the Company‘s assets and liabilities that were accounted for at fair value on
a recurring basis as of June 30, 2010 and 2009.
Fair Value Measurements at June 30, 2010
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
(In millions)
Assets:
Inventories carried at market
$ –
$ 3,774
$ 458
$ 4,232
Unrealized derivative gains
Commodity contracts
777
1,883
69
2,729
Foreign exchange contracts
162
38
–
200
Marketable securities
1,067
543
–
1,610
Total Assets
$ 2,006
$ 6,238
$ 527
$ 8,771
Liabilities:
Unrealized derivative losses
Commodity contracts
$ 937
$ 2,161
$ 56
$ 3,154
Foreign exchange contracts
184
82
–
266
Interest rate contracts
–
26
–
26
Inventory-related payables
–
207
31
238
Total Liabilities
$ 1,121
$ 2,476
$ 87
$ 3,684