Western Union 2011 Annual Report Download - page 136
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THE WESTERN UNION COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Balance Sheet
The following table summarizes the fair value of derivatives reported in the Consolidated Balance Sheets as of
December 31, 2011 and 2010 (in millions):
Derivative Assets Derivative Liabilities
Balance Sheet
Location
Fair Value Balance Sheet
Location
Fair Value
2011 2010 2011 2010
Derivatives—hedges:
Interest rate fair value hedges—
Corporate ....................... Other assets $ 4.4 $ 8.0 Other liabilities $ — $ 1.6
Foreign currency cash flow hedges—
Consumer-to-consumer ............ Other assets 37.0 14.7 Other liabilities 6.6 31.1
Total ............................ $ 41.4 $ 22.7 $ 6.6 $ 32.7
Derivatives—undesignated:
Foreign currency—Global business
payments ....................... Other assets $ 79.8 $ 46.9 Other liabilities $ 67.6 $ 36.2
Foreign currency—
Consumer-to-consumer ............ Other assets 3.6 0.2 Other liabilities 12.4 12.0
Total ............................ $ 83.4 $ 47.1 $ 80.0 $ 48.2
Total derivatives ....................... $ 124.8 $ 69.8 $ 86.6 $ 80.9
The following table summarizes the net fair value of derivatives held as of December 31, 2011 and their
expected maturities (in millions):
Total 2012 2013 2014 Thereafter
Foreign currency undesignated hedges—
Consumer-to-consumer ........................... $ (8.8) $ (4.8) $ (4.0) $ — $ —
Interest rate fair value hedges—Corporate ............... 4.4 — — 4.4 —
Foreign currency undesignated hedges—Global business
payments ....................................... 12.2 12.3 (0.1) — —
Foreign currency cash flow hedges—
Consumer-to-consumer ........................... 30.4 15.4 15.0 — —
Total ............................................ $ 38.2 $ 22.9 $ 10.9 $ 4.4 $ —
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