IBM 2012 Annual Report Download - page 98
Download and view the complete annual report
Please find page 98 of the 2012 IBM annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
 |
 |
Notes to Consolidated Financial Statements
International Business Machines Corporation and Subsidiary Companies
97
The following tables provide a quantitative summary of the derivative and non-derivative instrument related risk management activity as of
December 31, 2012 and 2011 as well as for the years ended December 31, 2012, 2011 and 2010, 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
At December 31:
Balance
Sheet
Classification 2012 2011
Balance
Sheet
Classification 2012 2011
Designated as hedging instruments
Interest rate contracts
Prepaid expenses
and other
current assets $ 47 $ 50
Other accrued
expenses
and liabilities $ — $ —
Investments and
sundry assets 557 733 Other liabilities ——
Foreign exchange contracts
Prepaid expenses
and other
current assets 135 407
Other accrued
expenses
and liabilities 267 273
Investments and
sundry assets 5—
Other
liabilities 78 155
Fair value of
derivative assets $744 $1,190
Fair value of
derivative liabilities $ 345 $ 428
Not designated as hedging instruments
Foreign exchange contracts
Prepaid expenses
and other
current assets $142 $ 82
Other accrued
expenses
and liabilities $ 152 $ 84
Investments and
sundry assets 23 21
Other
liabilities —11
Equity contracts
Prepaid expenses
and other
current assets 97
Other accrued
expenses
and liabilities 78
Fair value of
derivative assets $174 $ 110
Fair value of
derivative liabilities $ 159 $ 103
Total debt designated as hedging instruments
Short-term debt N/A N/A $ 578 $ —
Long-term debt N/A N/A 3,035 1,884
To t a l $918 $1,300 $4,116 $2,415
N/A—Not applicable