Burger King 2011 Annual Report Download - page 114

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Table of Contents
BURGER KING HOLDINGS, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements — (Continued)
As of December 31, 2010
Fair Value Measurements as of
December 31, 2010
Carrying Value and Balance Sheet Location Assets (Liabilities)
Description
Prepaid
and
Other
Current
Assets
Other
Assets
Other
Accrued
Liabilities
Other
liabilities
Quoted Prices
in Active
Markets for
Identical
Instruments
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Derivatives not designated as hedging
instruments:
Interest rate swaps $ — $ — $ (2.6) $ — $ — $ (2.6) $ —
Foreign currency forward contracts (asset) 7.8 — — — — 7.8 —
Foreign currency forward contracts (liability) — — (7.6) — — (7.6) —
Total $ 7.8 $ — $ (10.2) $ — $ — $ (2.4) $ —
Other investments:
Investments held in a rabbi trust $ — $ 22.2 $ — $ — $ 22.2 $ — $ —
Total $ — $ 22.2 $ — $ — $ 22.2 $ — $ —
Predecessor
As of June 30, 2010 Fair Value Measurements as of June 30, 2010
Carrying Value and Balance Sheet Location Assets (Liabilities)
Description
Prepaid and
Other
Current
Assets
Other
Assets
Other
Accrued
Liabilities
Other
liabilities
Quoted Prices
in Active
Markets for
Identical
Instruments
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(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 —
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 $ — $ —
113
Source: Burger King Holdings Inc, 10-K, March 14, 2012 Powered by Morningstar® Document Research℠