Energy Transfer 2012 Annual Report Download - page 198
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F - 53
Location of Gain/(Loss)
Reclassified from
AOCI into Income
(Effective Portion)
Amount of Gain/(Loss)
Reclassified from AOCI into Income (Effective
Portion)
Years Ended December 31,
2012 2011 2010
Derivatives in cash flow hedging relationships:
Commodity derivatives Cost of products sold $ 14 $ 38 $ 37
Interest rate derivatives Interest expense — — (1)
Total $ 14 $ 38 $ 36
Location of Gain/(Loss)
Recognized in Income on
Derivatives
Amount of Gain (Loss) Recognized in Income
representing hedge ineffectiveness and amount
excluded from the assessment of effectiveness
Years Ended December 31,
2012 2011 2010
Derivatives in fair value hedging relationships (including hedged item):
Commodity derivatives Cost of products sold $ 54 $ 34 $ 16
Total $ 54 $ 34 $ 16
Location of Gain/(Loss)
Recognized in Income
on Derivatives
Amount of Gain (Loss)
Recognized in Income
on Derivatives
Years Ended December 31,
2012 2011 2010
Derivatives not designated as hedging instruments:
Commodity derivatives - Trading Cost of products sold $ (7) $ (30) $ —
Commodity derivatives - Non-trading Cost of products sold (15) 9 12
Commodity contracts - Non-trading Deferred gas purchases (26) — —
Interest rate derivatives Losses on non-hedged
interest rate derivatives (4)(77) 5
Total $(52) $ (98) $ 17
12. RETIREMENT BENEFITS:
Savings and Profit Sharing Plans
We and our subsidiaries sponsor defined contribution savings plans, which collectively cover virtually all employees. Employer
matching contributions are calculated using a formula based on employee contributions. We made matching contributions of
$8 million, $11 million and $10 million to the 401(k) savings plan for the years ended December 31, 2012, 2011 and 2010,
respectively.
Southern Union sponsors a defined contribution savings plan (Savings Plan) that is available to all employees. Southern
Union contributions to the Savings Plan during the period from Acquisition (March 26, 2012) to December 31, 2012 were $6
million.
In addition, the Southern Union makes employer contributions to separate accounts, referred to as Retirement Power Accounts,
within the defined contribution plan. The contribution amounts are determined as a percentage of compensation and range
from 3.5% to 12%. Southern Union contributions are generally 100% vested after five years of continuous service. Southern
Union contributions to Retirement Power Accounts during the period from Acquisition (March 26, 2012) to December 31,
2012 were $2 million.
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