Royal Caribbean Cruise Lines 2014 Annual Report Download - page 95

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94 Royal Caribbean Cruises Ltd.
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:
Fair Value of Derivative Instruments
Asset Derivatives Liability Derivatives
Asof
December

Asof
December

Asof
December

Asof
December

(In thousands)
Balance
Sheet
Location Fair Value Fair Value
Balance
Sheet
Location Fair Value Fair Value
Derivatives designated as hedging instruments under ASC 815-20()
Interest rate swaps Other assets — 
Other long-
term liabilities  
Foreign currency forward contracts
Derivative
financial
instruments — 
Derivative
financial
instruments  —
Foreign currency forward contracts Other assets  
Other long-
term liabilities  —
Foreign currency collar options Other assets — 
Other long-
term liabilities — —
Foreign currency collar options
Derivative
financial
instruments — —
Derivative
financial
instruments  —
Fuel swaps
Derivative
financial
instruments — 
Derivative
financial
instruments  
Fuel swaps Other assets — 
Other long-
term liabilities  
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 — 
Derivative
financial
instruments — 
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:
Carrying Value
Non-derivative instrument designated as hedging
instrument under ASC 815-20 Balance Sheet Location
Asof
December

Asof
December

(In thousands)
Foreign currency debt Current portion of long-term debt — 
Foreign currency debt Long-term debt  
 