Royal Caribbean Cruise Lines 2009 Annual Report Download - page 98

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ROYAL CARIBBEAN CRUISES LTD.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
At December 31, 2009, the fair values and line item captions of derivative instruments recorded were as follows:
Fair Value of Derivative Instruments
F-25
Asset Derivatives Liabilit
y
Derivatives
As of December 31, 2009 As of December 31, 2009
Balance Sheet
Location Fair Value
Balance Sheet
Location
Fair Value
I
n thousands
Derivatives designated as hedging instruments under FASB
ASC 815-20
Interest rate swaps
Other Assets
$133,586
Other long-term
liabilities
$
—
Cross currency swaps
Other Assets
43,931
Other long-term
liabilities
—
Foreign currency forward contracts
Derivative Financial
Instruments
31,483
Accrued expenses and
other liabilities
(53,336)
Foreign currency forward contracts
Other Assets
17,706
Other long-term
liabilities
(4,627)
Fuel swaps
Derivative Financial
Instruments
75,006
Accrued expenses and
other liabilities
(17,085)
Fuel swaps
Other Assets
66,445
Other long-term
liabilities
(2,269)
Total derivatives designated as hedging instruments under Subtopic
815-20
$368,157
$(77,317)
Derivatives not designated as hedging instruments under FASB
ASC 815-20
Foreign currency forward contracts
Derivative Financial
Instruments
$7,605
Accrued expenses and
other liabilities
$(2,020)
Fuel call options
Other Assets
9,998
Other long-term
liabilities
—
Total derivatives not designated as hedging instruments under
Subtopic 815-20
$17,603
$(2,020)
Total derivatives
$385,760
$(79,337)
Accounting Standard Codification 815-20 “Derivatives and Hed
g
in
g
”.
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