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Jarden Corporation Annual Report 2013 53
The following table presents gain and loss activity (on a pretax basis) for 2013, 2012 and 2011 related to derivative nancial instruments
designated as effective hedges:
2013   2012 2011
Gain/(Loss)   Gain/(Loss) Gain/(Loss)
Derivatives designated as
effective hedges:      
Cash ow hedges:          
Interest rate swaps $8.9 $ —  $ — $(3.8)$ — $ —   $(3.1) $ —   $ —
Foreign currency contracts 13.9 18.2 (5.5) 6.6  5.9 (5.4 ) 2.5 (19.6) (1.3)
   
Total $22.8 $18.2 $(5.5) $2.8  $5.9$(5.4)$(0.6) $(19.6) $(1.3)
Location of gain/(loss) in the consolidated results of operations:
Net sales $0.1 $ —   $(1.8)$ —   $(1.0) $ —
Cost of sales 18.1 —   7.7 —   (18.6) —
SG&A —  (5.5)   — (5.4)   — (1.3)
Total $18.2 $(5.5)   $5.9$(5.4)    $(19.6) $(1.3)
(a) Represents effective portion recognized in Other Comprehensive Income (“OCI”).
(b) Represents portion excluded from effectiveness testing.
At December31, 2013, deferred net gains of $5.9 within AOCI are expected to be reclassied to earnings over the next twelve months.
The following table presents gain and loss activity (on a pretax basis) for 2013, 2012 and 2011 related to derivative nancial instruments
not designated as effective hedges:
Gain/(Loss)Recognized
inIncome(a)
(In millions) 2013 2012 2011
Derivatives not designated as effective hedges:  
Cash ow derivatives:  
Interest rate swaps $ — $ — $(1.0)
Foreign currency contracts (2.7)(5.7)(0.3)
Commodity contracts 0.9 (0.4) 0.1
Subtotal (1.8)(6.1)(1.2)
Fair value derivatives:
Interest rate swaps — — 0.5
Total $ (1.8)$(6.1)$(0.7)
 
(a) Classied in SG&A
Net Investment Hedge
The Company has designated approximately ¤148 of the principal balance of the Hedging Instrument, as a net investment hedge of
the foreign currency exposure of its net investment in certain Euro-denominated subsidiaries. Foreign currency gains and losses on the
Hedging Instrument are included as a component of AOCI. At December31, 2013, $11.7 of deferred losses have been recorded in AOCI.
Notes to Consolidated Financial Statements
Jarden Corporation Annual Report 2013 (Dollars in millions, except per share data and unless otherwise indicated)
(In millions)
Recognized
in OCI (a)
Reclassied
fromAOCI
to Income
Recognized
inIncome(b)
Recognized
in OCI (a)
Reclassied
fromAOCI
to Income
Recognized
inIncome(b)
Recognized
in OCI (a)
Reclassied
fromAOCI
to Income
Recognized
inIncome(b)