Microsoft 2010 Annual Report Download - page 50

Download and view the complete annual report

Please find page 50 of the 2010 Microsoft 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.

Page out of 80

  • 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

49
Fair Values of Derivative Instruments
Following are the gross fair values of derivative instruments held at June 30, 2010 and 2009, excluding the impact of
netting derivative assets and liabilities when a legally enforceable master netting agreement exists and fair value
adjustments related to our own credit risk and counterparty credit risk:
(In millions)
Foreign
Exchange
Contracts
Equity
Contracts
Interest
Rate
Contracts
Credit
Contracts
Commodity
Contracts
Total
Derivatives
June 30, 2010
Assets
Derivatives not designated as
hedging instruments:
Short-term investments $ 15 $ 134 $ 12 $ 7
$ 8 $ 176
Other current assets 34 0 0 0
0 34
Total $ 49 $ 134 $ 12 $ 7
$ 8 $ 210
Derivatives designated as hedging
instruments:
Short-term investments $ 3 $ 0 $ 0 $ 0
$ 0 $ 3
Other current assets 563 0 0 0
0 563
Total $ 566 $ 0 $ 0 $ 0
$ 0 $ 566
Total assets $ 615 $ 134 $ 12 $ 7
$ 8 $ 776
Liabilities
Derivatives not designated as
hedging instruments:
Other current liabilities $ (60) $ (17) $ (33) $ (41 )
$ (5) $ (156)
Derivatives designated as hedging
instruments:
Other current liabilities $ (9) $ 0 $ 0 $ 0
$ 0 $ (9)
Total liabilities $ (69) $ (17) $ (33) $ (41 )
$ (5) $ (165)