Computer Associates 2009 Annual Report Download - page 91

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As of March 31, 2009, the Company had no foreign exchange derivative contracts outstanding. At March 31, 2009,
approximately $7 million of the Company’s interest rate derivatives are included in “Other current liabilities” on the
Consolidated Balance Sheet.
As of March 31, 2009, the Company did not have any assets or liabilities measured at fair value on a recurring basis
using significant unobservable inputs (Level 3). The Company did not have any outstanding asset or liability derivatives
as of March 31, 2008.
For the Company’s interest rate derivatives, the amount of loss recorded in accumulated other comprehensive loss from
the “Effective Portion” was approximately $7 million for the fiscal year ended March 31, 2009. The amount of loss
reclassified from accumulated other comprehensive income into “Interest expense, net” was approximately $2 million for
the fiscal year ended March 31, 2009. In the next twelve months, approximately $5 million is expected to be released
from “Accumulated other comprehensive loss” to income. The Company did not enter into interest rate derivative
arrangements for the fiscal year ended March 31, 2008.
A summary of the effect of the interest rate and foreign exchange derivatives on the Company’s Consolidated Statement
of Operations is as follows:
Location of Net Gain Recognized in Income on Derivatives
(IN MILLIONS)
YEAR ENDED
MARCH 31,
2009
YEAR ENDED
MARCH 31,
2008
AMOUNT OF NET
(GAIN)/LOSS RECOGNIZED
IN INCOME ON DERIVATIVES
Interest expenses, net
1
$2 $—
Other (gains) expenses, net
2
$ (77) $14
1 Interest rate derivatives are designated as cash flow hedges under SFAS No. 133
2 Foreign exchange derivatives are not designated as hedges under SFAS No. 133
Note 5 — Segment and Geographic Information
The Company’s chief operating decision makers review financial information presented on a consolidated basis,
accompanied by disaggregated information about revenue, by geographic region, for purposes of assessing financial
performance and making operating decisions. Accordingly, the Company considers itself to be operating in a single
industry segment. The Company does not manage its business by solution or focus area and therefore does not
maintain financial statements on such a basis.
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