Microsoft 2010 Annual Report Download - page 51

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50
(In millions)
Foreign
Exchange
Contracts
Equity
Contracts
Interest
Rate
Contracts
Credit
Contracts
Commodity
Contracts
Total
Derivatives
June 30, 2009
Assets
Derivatives not designated as
hedging instruments:
Short-term investments $ 9 $78 $44 $21 $ 2 $ 154
Other current assets 48 0 0 0
0 48
Total $ 57 $78 $44 $21 $ 2 $ 202
Derivatives designated as hedging
instruments:
Short-term investments $ 12 $0 $0 $0 $ 0 $12
Other current assets 417 0 0 0
0 417
Equity and other investments 0 2 0 0
0 2
Total $ 429 $2 $0 $0 $ 0 $ 431
Total assets $ 486 $ 80 $ 44 $ 21
$ 2 $ 633
Liabilities
Derivatives not designated as
hedging instruments:
Other current liabilities $ (183) $(3)$(20) $(62 ) $ (6) $ (274)
Derivatives designated as hedging
instruments:
Other current liabilities $ (75) $0 $0 $0 $ 0 $(75)
Total liabilities $ (258) $(3)$(20) $(62 ) $ (6) $ (349)
See also Note 4 – Investments and Note 6 – Fair Value Measurements.
Fair-Value Hedges
We recognized in other income (expense) the following gains (losses) on contracts designated as fair value hedges
and their related hedged items:
(In millions)
Y
ear Ended June 30, 2010 2009
Foreign Exchange Contracts
Derivatives $ (57)$ 121
Hedged items 60 (120)
Total $ 3 $1
Equity Contracts
Derivatives $ 0 $ 191
Hedged items 0 (211)
Total $ 0 $(20)