Snapple 2012 Annual Report Download - page 89

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DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
71
IMPACT OF CASH FLOW HEDGES
The following table presents the impact of derivative instruments designated as cash flow hedging instruments under U.S.
GAAP to the Consolidated Statements of Income and Comprehensive Income for the years ended December 31, 2012, 2011 and
2010 (in millions):
Amount of Gain (Loss)
Recognized in
Comprehensive
Income
Amount of Loss
Reclassified from
AOCL into Income
Location of Gain (Loss)
Reclassified from AOCL into
Income
For the year ended December 31,
2012:
Interest rate contracts $(19) $ (3)Interest expense
Foreign exchange forward contracts (3)(2)Cost of sales
Total $(22) $ (5)
For the year ended December 31,
2011:
Interest rate contracts $ (55) $ — Interest expense
Foreign exchange forward contracts 2 (2) Cost of sales
Total $ (53) $ (2)
For the year ended December 31,
2010:
Foreign exchange forward contracts $ (4) $ (3) Cost of sales
Total $ (4) $ (3)
There was no hedge ineffectiveness recognized in earnings for the years ended December 31, 2012, 2011 and 2010 with respect
to derivative instruments designated as cash flow hedges. During the next 12 months, the Company expects to reclassify net losses
of $9 million from AOCL into net income.