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DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS
(Continued)
74
FAIR VALUE OF DERIVATIVE INSTRUMENTS
The following table summarizes the location of the fair value of the Company's derivative instruments within the Consolidated
Balance Sheets as of December 31, 2014 and 2013 (in millions):
Balance Sheet Location December 31,
2014 December 31,
2013
Assets:
Derivative instruments designated as
hedging instruments under U.S. GAAP:
Interest rate contracts(1) Prepaid expenses and other current assets $ 11 $ 17
Foreign exchange forward contracts Prepaid expenses and other current assets —3
Interest rate contracts Other non-current assets 29 —
Derivative instruments not designated as
hedging instruments under U.S. GAAP:
Commodity contracts Prepaid expenses and other current assets —1
Total assets $ 40 $ 21
Liabilities:
Derivative instruments designated as
hedging instruments under U.S. GAAP:
Interest rate contracts Other non-current liabilities 934
Derivative instruments not designated as
hedging instruments under U.S. GAAP:
Commodity contracts Other current liabilities 18 13
Commodity contracts Other non-current liabilities 8—
Total liabilities $ 35 $ 47
____________________________
(1) Interest rate contracts as of December 31, 2014 did not include any offsetting amounts. Interest rate contracts as of December
31, 2013 include gross and offsetting amounts of $19 million and $2 million, respectively. These contracts are subject to a
netting provision included within the counterparty agreements whereby the Company pays interest either quarterly or semi-
annually and receives interest payments semi-annually. These payables and receivables are netted as appropriate.