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Table of Contents
BURGER KING HOLDINGS, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements — (Continued)
Note 13. Fair Value Measurements
Fair Value Measurements
The following table presents (in millions) financial assets and liabilities measured at fair value on a recurring basis, which include
derivatives designated as cash flow hedging instruments, derivatives not designated as hedging instruments, and other investments,
which consists of money market accounts and mutual funds held in a rabbi trust established by the Company to fund a portion of the
Company’s current and future obligations under its Executive Retirement Plan, as well as their location on the Company’s consolidated
balance sheets as of June 30, 2010 and 2009 respectively:
As of June 30, 2010 Fair Value Measurements at June 30, 2010
Carrying Value and Balance Sheet Location Assets (Liabilities)
Quoted Prices in Significant
Prepaid and Active Markets Other Significant
Other Other for Identical Observable Unobservable
Current Other Accrued Other Instruments Inputs Inputs
Description Assets Assets Liabilities Liabilities (Level 1) (Level 2) (Level 3)
Derivatives designated as cash flow
hedging instruments:
Interest rate swaps $ — $ — $ — $ (26.1) $ — $ (26.1) $ —
Foreign currency forward contracts
(asset) 0.1 — — — — 0.1 —
Foreign currency forward contracts
(liability) — — — — — — —
Total $ 0.1 $ — $ — $ (26.1) $ — $ (26.0) $ —
Derivatives not designated as
hedging instruments:
Foreign currency forward contracts
(asset) $ 25.8 $ — $ — $ — $ — $ 25.8 $ —
Foreign currency forward contracts
(liability) — — (2.6) — — (2.6) —
Total $ 25.8 $ — $ (2.6) $ — $ — $ 23.2 $ —
Other investments:
Investments held in a rabbi trust $ — $ 19.9 $ — $ — $ 19.9 $ — $ —
Total $ — $ 19.9 $ — $ — $ 19.9 $ — $ —
92