National Oilwell Varco 2015 Annual Report Download - page 61
Download and view the complete annual report
Please find page 61 of the 2015 National Oilwell Varco 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
 |
 |
Table of Contents
Notional amount to buy (in U.S. dollars) 7 5 12 36
Average SGD to USD contract rate 0.7716 0.7262 0.7534 0.7966
Fair Value at December 31, 2015 in U.S. dollars (1) — (1) (1)
Notional amount to buy (in U.S. dollars) 8 — 8 22
Average DKK to USD contract rate 0.1510 — 0.1510 1.3625
Fair Value at December 31, 2015 in U.S. dollars — — — 1
Notional amount to sell (in U.S. dollars) 89 — 89 251
Average EUR to USD contract rate 1.1075 — 1.1075 1.3109
Fair Value at December 31, 2015 in U.S. dollars 1 — 1 7
Notional amount to sell (in U.S. dollars) 3 — 3 —
Average GBP to USD contract rate 1.4961 — 1.4961 —
Fair Value at December 31, 2015 in U.S. dollars — — — —
Notional amount to sell (in U.S. dollars) 107 3 110 348
Average NOK to USD contract rate 0.1325 0.1187 0.1321 0.1634
Fair Value at December 31, 2015 in U.S. dollars 15 — 15 44
Notional amount to sell (in U.S. dollars) 30 — 30 —
Average RUB to USD contract rate 0.0139 — 0.0139 —
Fair Value at December 31, 2015 in U.S. dollars 1 — 1 —
Notional amount to sell (in U.S. dollars) 2 — 2 2
Average SGD to USD contract rate 0.7082 — 0.7082 0.7678
Fair Value at December 31, 2015 in U.S. dollars — — — —
Notional amount to sell (in U.S. dollars) 199 — 199 —
Average EUR to BRL contract rate 4.3679 — 4.3679 —
Fair Value at December 31, 2015 in U.S. dollars 1 — 1 —
Notional amount to sell (in U.S. dollars) 427 — 427 —
Average EUR to BRL contract rate 4.6985 — 4.6985 —
Fair Value at December 31, 2015 in U.S. dollars 4 — 4 —
Notional amount to buy (in U.S. dollars) 1,396 — 1,396 59
Average DKK to USD contract rate 6.5618 — 6.5618 5.9300
Fair Value at December 31, 2015 in U.S. dollars (8) — (8) —
Fair Value at December 31, 2015 in U.S. dollars 2 — 2 —
Total Fair Value at December 31, 2015 in U.S. dollars (235) (25) (260) (346)
The Company had other financial market risk sensitive instruments denominated in foreign currencies for transactional exposures totaling $157 million and
translation exposures totaling $323 million as of December 31, 2015, excluding trade receivables and payables, which approximate fair value. These market
risk sensitive instruments consisted of cash balances and overdraft facilities. The Company estimates that a hypothetical 10% movement of all applicable
foreign currency exchange rates on the transactional exposures financial market risk
60