Royal Caribbean Cruise Lines 2012 Annual Report Download - page 93

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89
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
The fair value and line item caption of derivative instruments recorded were as follows:
Fair Value of Derivative Instruments
Asset Derivatives Liability Derivatives
As of
December 31,
2012
As of
December 31,
2011
As of
December 31,
2012
As of
December 31,
2011
(in thousands)
Balance Sheet
Location Fair Value Fair Value
Balance Sheet
Location Fair Value Fair Value
Derivatives designated as hedging instruments under ASC 815-201
Interest rate swaps Other Assets  
Other long-
term liabilities  
Cross currency swaps Other Assets — 
Other long-
term liabilities — —
Foreign currency forward contracts
Derivative
Financial
Instruments  
Accrued
expenses and
other liabilities  
Foreign currency forward contracts Other Assets  —
Other long-
term liabilities  —
Foreign currency collar options Other Assets  —
Other long-
term liabilities — —
Fuel swaps
Derivative
Financial
Instruments  
Accrued
expenses and
other liabilities  —
Fuel swaps Other Assets  
Other long-
term liabilities  
Total derivatives designated as
hedging instruments under
815-20    
Derivatives not designated as hedging instruments under ASC 815-20
Foreign currency forward contracts Other Assets  
Other long-
term liabilities  
Fuel swaps
Derivative
Financial
Instruments — —
Accrued
expenses and
other liabilities  —
Fuel call options
Derivative
Financial
Instruments  —
Accrued
expenses and
other liabilities  —
Fuel call options Other Assets — 
Other long-
term liabilities — —
Total derivatives not designated
as hedging instruments under
815-20    
Total derivatives    
() Accounting Standard Codification 815-20 “Derivatives and Hedging.”
The fair value and line item caption of non-derivative instruments recorded was as follows:
Carrying Value
Non-derivative instrument designated as hedging
instrument under ASC 815-20 Balance Sheet Location
As of December 31,
2012
As of December 31,
2011
(in thousands)
Foreign currency debt
Current portion of
long-term debt  
Foreign currency debt Long-term debt  
 