National Oilwell Varco 2015 Annual Report Download - page 60
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Table of Contents
The following table details the Company’s foreign currency exchange risk grouped by functional currency and their expected maturity periods as of
December 31, 2015 (in millions except for rates):
Notional amount to buy (in Canadian dollars) 10 — 10 66
Average USD to CAD contract rate 1.3759 — 1.3759 1.1632
Fair Value at December 31, 2015 in U.S. dollars — — — —
Notional amount to sell (in Canadian dollars) 136 — 136 285
Average USD to CAD contract rate 1.3554 — 1.3554 1.1511
Fair Value at December 31, 2015 in U.S. dollars (2) — (2) (3)
Notional amount to buy (in Euros) 10 1 11 4
Average USD to EUR contract rate 0.8516 0.8843 0.8528 0.7933
Fair Value at December 31, 2015 in U.S. dollars 1 — 1 —
Notional amount to buy (in Euros) 198 1 199 430
Average USD to EUR contract rate 0.8954 0.8771 0.8953 0.7832
Fair Value at December 31, 2015 in U.S. dollars (5) — (5) (25)
Notional amount to buy (in South Korean won) 23,613 — 23,613 143,488
Average USD to KRW contract rate 1,181 — 1,181 1,104
Fair Value at December 31, 2015 in U.S. dollars — — — —
Notional amount to buy (in British Pounds Sterling) 2 — 2 —
Average USD to GBP contract rate 0.6416 — 0.6416 —
Fair Value at December 31, 2015 in U.S. dollars — — — —
Notional amount to buy (in British Pounds Sterling) 170 — 170 205
Average USD to GBP contract rate 0.6613 — 0.6613 0.6201
Fair Value at December 31, 2015 in U.S. dollars (5) — (5) (6)
Notional amount to buy (in U.S. dollars) 7 — 7 16
Average CAD to USD contract rate 0.7635 — 0.7635 0.9431
Fair Value at December 31, 2015 in U.S. dollars — — — (1)
Notional amount to buy (in U.S. dollars) 24 — 24 75
Average DKK to USD contract rate 0.1553 — 0.1553 0.1813
Fair Value at December 31, 2015 in U.S. dollars (1) — (1) (6)
Notional amount to buy (in U.S. dollars) 278 — 278 884
Average EUR to USD contract rate 1.1925 — 1.1925 1.3411
Fair Value at December 31, 2015 in U.S. dollars (23) — (23) (77)
Notional amount to buy (in U.S. dollars) 20 — 20 147
Average GBP to USD contract rate 1.5568 — 1.5568 1.5779
Fair Value at December 31, 2015 in U.S. dollars (1) — (1) (3)
Notional amount to buy (in U.S. dollars) 1,216 285 1,501 1,961
Average NOK to USD contract rate 0.1380 0.1252 0.1353 0.1642
Fair Value at December 31, 2015 in U.S. dollars (214) (25) (239) (276)
59