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QUEST DIAGNOSTICS INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – CONTINUED
(in millions unless otherwise indicated)
)
14. FINANCIAL INSTRUMENTS
Interest Rate Derivatives – Cash Flow Hedges
 )URPWLPHWRWLPHWKH&RPSDQ\KDVHQWHUHGLQWRYDULRXVLQWHUHVWUDWHORFNDJUHHPHQWVDQGIRUZDUGVWDUWLQJLQWHUHVW
UDWHVZDSDJUHHPHQWVWRKHGJHSDUWRIWKH&RPSDQ\VLQWHUHVWUDWHH[SRVXUHDVVRFLDWHGZLWKWKHYDULDELOLW\LQIXWXUHFDVKIORZV
DWWULEXWDEOHWRFKDQJHVLQLQWHUHVWUDWHV$VXPPDU\RIWKHRXWVWDQGLQJQRWLRQDODPRXQWVRILQWHUHVWUDWHGHULYDWLYHV–FDVKIORZ
KHGJHVDVRI'HFHPEHUDQGLVDVIROORZV
Notional Amount
2014 2013
)RUZDUG6WDUWLQJ,QWHUHVW5DWH6ZDSV    
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DJUHHPHQWVWKDWFRYHUDWHQ\HDUKHGJLQJSHULRGDQGZHUHHQWHUHGLQWRWRKHGJHSDUWRIWKH&RPSDQ\VLQWHUHVWUDWHH[SRVXUH
DVVRFLDWHGZLWKIRUHFDVWHGQHZGHEWLVVXDQFHVUHODWHGWRWKHUHILQDQFLQJRIFHUWDLQGHEWPDWXULQJWKURXJK7KHIRUZDUG
VWDUWLQJLQWHUHVWUDWHVZDSVKDYHIL[HGLQWHUHVWUDWHVUDQJLQJIURPWR
 ,Q0DUFKWKH&RPSDQ\HQWHUHGLQWRLQWHUHVWUDWHORFNDJUHHPHQWVZLWKVHYHUDOILQDQFLDOLQVWLWXWLRQVIRUDWRWDO
QRWLRQDODPRXQWRIPLOOLRQWKH7UHDVXU\/RFN$JUHHPHQWV7KH7UHDVXU\/RFN$JUHHPHQWVZKLFKKDGDQRULJLQDO
PDWXULW\GDWHRI0DUFKZHUHHQWHUHGLQWRWRKHGJHSDUWRIWKH&RPSDQ\VLQWHUHVWUDWHH[SRVXUHDVVRFLDWHGZLWKWKH
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VHFXULWLHVLQ,QFRQQHFWLRQZLWKWKH&RPSDQ\VVHQLRUQRWHVRIIHULQJLQ0DUFKVHH1RWHWKH&RPSDQ\VHWWOHG
WKH7UHDVXU\/RFN$JUHHPHQWVZKLFKZHUHDFFRXQWHGIRUDVFDVKIORZKHGJHV7KHORVVRQVHWWOHPHQWRIWKH7UHDVXU\/RFN
$JUHHPHQWVZDVQRWPDWHULDO
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Interest Rate Derivatives – Fair Value Hedges
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Floating Rate Notional Amount
Debt Instrument Paid by the Company 2014 2013
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6HQLRU1RWHVGXH$SULO 2QHPRQWK/,%25SOXVDWRVSUHDG  
6HQLRU1RWHVGXH$SULO 2QHPRQWK/,%25SOXVDWRVSUHDG  ²
  
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LQWHUHVWH[SHQVHRYHUWKHUHPDLQLQJWHUPVRIWKHKHGJHGGHEWLQVWUXPHQWVZDVPLOOLRQ
 6LQFHLQFHSWLRQWKHIDLUYDOXHKHGJHVKDYHEHHQHIIHFWLYHRUKLJKO\HIIHFWLYHWKHUHIRUHWKHUHLVQRLPSDFWRQHDUQLQJV
IRUWKH\HDUVHQGHG'HFHPEHUDQGDVDUHVXOWRIKHGJHLQHIIHFWLYHQHVV
48(67',$*1267,&6)250
.