Energy Transfer 2013 Annual Report Download - page 204

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Table of Contents
The following tables summarize the amounts recognized with respect to our derivative financial instruments:
Change in Value Recognized in OCI on Derivatives (Effective
Portion)
Years Ended December 31,
2013
2012
2011
Derivatives in cash flow hedging relationships:
Commodity derivatives $(1)
$ 8
$19
Total $(1)
$ 8
$19
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,
2013
2012
2011
Derivatives in cash flow hedging
relationships:
Commodity derivatives Cost of products sold
$4
$14
$38
Total
$4
$14
$38
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,
2013
2012
2011
Derivatives in fair value hedging
relationships (including hedged item):
Commodity derivatives Cost of products sold
$ 8
$ 54
$34
Total
$ 8
$ 54
$34
Location of Gain/(Loss)
Recognized in Income on Derivatives
Amount of Gain (Loss) Recognized in Income on
Derivatives
Years Ended December 31,
2013
2012
2011
Derivatives not designated as hedging
instruments:
Commodity derivatives – Trading Cost of products sold
$(11)
$(7)
$(30)
Commodity derivatives – Non-trading Cost of products sold
(12)
(15)
9
Commodity contracts – Non-trading Deferred gas purchases
(3)
(26)
—
Interest rate derivatives Gains (losses) on interest rate
derivatives
44
(4)
(77)
Total
$ 18
$ (52)
$ (98)
12. RETIREMENT BENEFITS:
Savings and Profit Sharing Plans
We and our subsidiaries sponsor defined contribution savings and profit sharing plans, which collectively cover virtually all employees. Employer
matching contributions are calculated using a formula based on employee contributions. We and our
F - 57