Royal Caribbean Cruise Lines 2013 Annual Report Download - page 97
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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
The fair value and line item caption of derivative instruments recorded within our consolidated balance sheets
were as follows:
FairValueofDerivativeInstruments
AssetDerivatives LiabilityDerivatives
Asof
December
Asof
December
Asof
December
Asof
December
(In thousands)
Balance
Sheet
Location FairValue FairValue
Balance
Sheet
Location FairValue FairValue
Derivatives designated as hedging instruments under ASC 815-20(1)
Interest rate swaps Otherassets
Otherlong-
termliabilities
Foreign currency forward contracts
Derivative
financial
instruments
Accrued
expensesand
otherliabilities —
Foreign currency forward contracts Otherassets
Otherlong-
termliabilities —
Foreign currency collar options Otherassets
Otherlong-
termliabilities — —
Fuel swaps
Derivative
financial
instruments
Accrued
expensesand
otherliabilities
Fuel swaps Otherassets
Otherlong-
termliabilities
Total derivatives designated as
hedging instruments under
ASC 815-20
Derivatives not designated as hedging instruments under ASC 815-20
Foreign currency forward contracts
Derivative
Financial
Instruments —
Accrued
expensesand
otherliabilities —
Foreign currency forward contracts Otherassets —
Otherlong-
termliabilities —
Fuel swaps
Derivative
financial
instruments — —
Accrued
expensesand
otherliabilities —
Fuel call options
Derivative
financial
instruments —
Accrued
expensesand
otherliabilities —
Total derivatives not designated
as hedging instruments under
ASC 815-20
Total derivatives
() Accounting Standard Codification 815-20 “Derivatives and Hedging.”
The carrying value and line item caption of non-derivative instruments designated as hedging instruments recorded
within our consolidated balance sheets were as follows:
CarryingValue
Non-derivative instrument designated as hedging
instrument under ASC 815-20 BalanceSheetLocation
Asof
December
Asof
December
(In thousands)
Foreign currency debt Current portion of long-term debt
Foreign currency debt Long-term debt