Mondelez 2013 Annual Report Download - page 94

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Table of Contents
Cash Flow Hedges:
Cash flow hedge activity, net of taxes, within accumulated other comprehensive earnings / (losses) included:
After-tax gains / (losses) reclassified from accumulated other comprehensive earnings / (losses) into net earnings from continuing
operations were:
After-tax gains / (losses) recognized in other comprehensive earnings / (losses) from continuing operations were:
Pre-tax gains / (losses) on ineffectiveness recognized in net earnings from continuing operations were:
Pre-tax gains / (losses) on amounts excluded from effectiveness testing recognized in net earnings from continuing operations
were:
In 2012, we recognized a pre-tax loss of $556 million in interest and other expenses, net related to certain forward-starting interest
rate swaps for which the planned timing of the related forecasted debt was changed in connection with our Spin-Off plans and
related debt capitalization plans. In 2011, we recognized a loss of $157 million related to several interest rate swaps that settled in
November 2011. We recognized the loss in earnings as the timing of the related forecasted debt changed.
87
2013
2012
2011
(in millions)
Accumulated gain / (loss) at January 1
$
(38
)
$
(297
)
$
79
Transfer of realized (gains) / losses
in fair value to earnings
53
312
118
Unrealized gain / (loss) in fair value
102
(75
)
(444
)
Discontinued operations –
(
134
)
(50
)
Impact of Spin
-
Off
–
156
–
Accumulated gain / (loss) at December 31
$
117
$
(38
)
$
(297
)
2013
2012
2011
(in millions)
Foreign exchange contracts
–
intercompany loans
$
–
$
–
$
2
Foreign exchange contracts
–
forecasted transactions
(26
)
58
(38
)
Commodity contracts
(23
)
(10
)
19
Interest rate contracts
(4
)
(360
)
(101
)
Total
$
(53
)
$
(312
)
$
(118
)
2013
2012
2011
(in millions)
Foreign exchange contracts
–
intercompany loans
$
–
$
–
$
1
Foreign exchange contracts
–
forecasted transactions
(23
)
(16
)
12
Commodity contracts
3
(24
)
(22
)
Interest rate contracts
122
(35
)
(435
)
Total
$
102
$
(75
)
$
(444
)
2013
2012
2011
(in millions)
Commodity contracts
$
1
$
(3
)
$
(4
)
Interest rate contracts –
(
23
)
(2
)
Total
$
1
$
(26
)
$
(6
)
2013
2012
2011
(in millions)
Commodity contracts
$
–
$
–
$
(
17
)
Interest rate contracts
–
(
556
)
(156
)
Total
$
–
$
(
556
)
$
(173
)