Hasbro 2008 Annual Report Download - page 49

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In March 2008, the Financial Accounting Standards Board (“FASB”) issued Statement of Financial
Accounting Standards No. 161, “Disclosures about Derivative Instruments and Hedging Activities”,
(“SFAS 161”), which requires enhanced disclosures related to derivative instruments and hedging activities.
This Statement is effective for financial statements issued for fiscal years and interim periods beginning after
November 15, 2008, and the disclosure requirements will be applicable for the Company’s 2009 consolidated
financial statements.
In December 2008, the FASB issued FASB Staff Position No. 132(R)-1, “Employers’ Disclosures about
Postretirement Benefit Plan Assets”, (“FSP 132(R)-1”). FSP 132(R)-1 provides guidance on an employer’s
disclosures about plan assets of a defined benefit pension or other postretirement plan. The disclosures
required by FSP 132(R)-1 will be applicable for the Company’s year-end 2009 financial statements.
In 2009 the Company will adopt the remaining provisions of Statement of Financial Accounting Standards
No. 157, “Fair Value Measurements”, (“SFAS 157”) for non-financial assets. The adoption of these provisions
will not have an impact on the Company’s statements of operations or statement of financial position.
Other Information
The Company is not aware of any material amounts of potential exposure relating to environmental
matters and does not believe its environmental compliance costs or liabilities to be material to its operating
results or financial position.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
The information required by this item is included in Item 7 of Part II of this Report and is incorporated
herein by reference.
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