DELPHI 2013 Annual Report Download - page 124
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102
As of December 31, 2013, the Company had the following outstanding notional amounts related to commodity and
foreign currency forward contracts that were entered into to hedge forecasted exposures:
Commodity Quantity
Hedged Unit of
Measure
Notional Amount
(Approximate
USD Equivalent)
(in thousands) (in millions)
Copper........................................................................................................... 80,695 pounds $ 265
Primary Aluminum........................................................................................ 37,263 pounds 30
Secondary Aluminum.................................................................................... 21,458 pounds 20
Foreign Currency Quantity
Hedged Unit of
Measure
Notional Amount
(Approximate
USD Equivalent)
(in millions)
Mexican Peso................................................................................................ 10,144 MXN $ 775
Euro............................................................................................................... 184 EUR 255
New Turkish Lira.......................................................................................... 229 TRY 105
Polish Zloty................................................................................................... 267 PLN 90
Brazilian Real................................................................................................ 188 BRL 80
Hungarian Forint........................................................................................... 12,586 HUF 60
Chinese Yuan Renminbi................................................................................ 177 CNY 30
Romanian Leu............................................................................................... 99 RON 30
The Company had additional commodity and foreign currency forward contracts that individually amounted to less
than $10 million.
The fair value of derivative financial instruments recorded in the consolidated balance sheets as of December 31, 2013
and December 31, 2012 are as follows:
Asset Derivatives Liability Derivatives
Net Amounts
of Assets and
Liabilities
Presented in
the Balance
Sheet
Balance Sheet Location December 31,
2013 Balance Sheet Location December 31,
2013 December 31,
2013
(in millions)
Designated derivatives instruments:
Commodity derivatives.......... Other Current Assets $ 2 Accrued Liabilities $ 9
Foreign currency derivatives* Other Current Assets 16 Other Current Assets 3 13
Foreign currency derivatives* Accrued Liabilities 3 Accrued Liabilities 10 (7)
Commodity derivatives.......... Other Long-Term Assets 1 Other Long-Term
Liabilities 2
Foreign currency derivatives* Other Long-Term Assets 5 Other Long-Term Assets 1 4
Foreign currency derivatives* Other Long-Term
Liabilities 2 Other Long-Term
Liabilities 6 (4)
Total................................ $ 29 $ 31
Derivatives not designated:
Foreign currency derivatives Other Current Assets $ 3 Other Current Assets 3 —
Total................................ $ 3 $ 3