Crucial 2013 Annual Report Download - page 90
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89
Master Netting Arrangements
We seek to enter into master netting arrangements to mitigate credit risk in derivative transactions. These master netting
arrangements allow us and our counterparties to net settle amounts owed to each other. Derivative assets and liabilities that can
be net settled under these arrangements have been presented in our consolidated balance sheet on a net basis. The following
table presents the gross amounts of our derivative assets and liabilities and the net amounts recorded in our consolidated
balance sheet:
As of August 29, 2013 Current
Assets(1) Noncurrent
Assets(2) (Current
Liabilities)(3)
Gross amount $ 2 $ 3 $ (5)
Gross amounts offset in the statement of financial position (1) — 1
Net amounts presented in the statement of financial position $ 1 $ 3 $ (4)
(1) Included in receivables - other.
(2) Included in other noncurrent assets.
(3) Included in accounts payable and accrued expenses - other.