IBM 2010 Annual Report Download - page 101
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Notes to Consolidated Financial Statements
International Business Machines Corporation and Subsidiary Companies 99
The following tables provide a quantitative summary of the derivative and non-derivative instrument related risk management activity as
of December 31, 2010 and 2009 as well as for the years ended December 31, 2010 and 2009, respectively:
Fair Values of Derivative Instruments in the Consolidated Statement of Financial Position
($ in millions)
Fair Value of Derivative Assets Fair Value of Derivative Liabilities
Designated Not Designated Designated Not Designated
as Hedging as Hedging as Hedging as Hedging
At December 31, 2010: Instruments Instruments Total Instruments Instruments Total
Interest rate contracts:
Prepaid expenses and other current assets $ 33 $ — $ 33 $ — $ — $ —
Investments and sundry assets 514 — 514 — — —
Other liabilities — — — — — —
Foreign exchange contracts:
Prepaid expenses and other current assets 224 242 466 — — —
Investments and sundry assets 22 51 73 — — —
Other accrued expenses and liabilities — — — 498 370 868
Other liabilities — — — 135 — 135
Equity contracts:
Prepaid expenses and other current assets — 12 12 — — —
Other accrued expenses and liabilities — — — — 3 3
Fair value of derivative assets and liabilities $794 $305 $1,099 $ 633 $373 $1,006
Total debt designated as hedging instruments:
Short-term debt N/A N/A N/A $ 823 — $ 823
Long-term debt N/A N/A N/A 1,746 — 1,746
Tot a l $1,099 $3,576
N/A—not applicable