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DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
The following table presents the impact of derivative instruments designated as cash flow hedging instruments under
U.S. GAAP to the Consolidated Statements of Operations and Other Comprehensive Income (“OCI”) for the years ended
December 31, 2010 and 2009 (in millions):
For the year ended December 31,
2010:
Foreign exchange forward contracts
Total
For the year ended December 31,
2009:
Interest rate swap contracts
Foreign exchange forward contracts
Total
Amount of (Loss) Gain
Recognized in OCI
$(4)
$(4)
$(14)
(6)
$(20)
Amount of (Loss) Gain
Reclassified from AOCL
into Net Income
$(3)
$(3)
$(46)
(3)
$(49)
Location of (Loss) Gain
Reclassified from AOCL
into Net Income
Cost of sales
Interest expense
Cost of sales
There was no ineffectiveness recorded for cash flow hedges for the years ended December 31, 2010 and 2009 related to
derivative instruments designated as cash flow hedges. During the next 12 months, the Company does not expect to reclassify
any gains or losses from AOCL into net income.
There was no ineffectiveness recorded for the year ended December 31, 2010 related to derivative instruments designated as
fair value hedges. The following table presents the impact of derivative instruments designated as fair value hedging instruments
under U.S. GAAP to the Consolidated Statements of Operations for the years ended December 31, 2010 and 2009 (in millions):
For the year ended December 31, 2010:
Interest rate swap contracts
Total
For the year ended December 31, 2009:
Interest rate swap contracts
Total
Amount of Gain (Loss)
Recognized in Net Income on
Derivative
$6
6
—
$—
Location of Gain (Loss)
recognized in Net Income on
Derivative
Interest Expense
Interest Expense
79