Royal Caribbean Cruise Lines 2009 Annual Report Download - page 99

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ROYAL CARIBBEAN CRUISES LTD.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
At December 31, 2009, the fair value and line item caption of non-derivative instruments recorded was as follows:
The effect of derivative instruments qualifying and designated as hedging instruments and the related hedged items in fair value
hedges on the consolidated statement of operations for the year ended December 31, 2009 was as follows:
F-26
Non-derivative instrument designated as hedging instrument
under Subto
p
ic 815-20
Balance Sheet
Location Carr
y
in
g
Value
I
n thousands
Foreign currency deb
t
Long-term debt
$(701,523)
$ (701,523)
Derivatives and related Hedged Items under
Subto
p
ic 815-20 Fair Value Hed
g
in
g
Relationshi
p
s
Location of Gain (Loss)
Recognized in Income on
Derivative and Hedged
Item
Amount of Gain
(Loss) Recognized in
Income on Derivative
Amount of Gain
(Loss) Recognized in
Income on Hedged
Item
Year Ended
December 31, 2009
Year Ended
December 31, 2009
I
n thousands
Interest rate swaps
Interest expense, net of
interest capitalized
$45,466
$
—
Cross currency swaps
Interest expense, net of
interest capitalized
4,394
—
Interest rate swaps
Other income (expense)
(8,134)
2,105
Cross currency swaps
Other income (expense)
6,756
(10,170)
Foreign currency forward contracts
Other income (expense)
28,517
(25,295)
$76,999
$ (33,360)