Western Union 2011 Annual Report Download - page 137

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THE WESTERN UNION COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Income Statement
The following tables summarize the location and amount of gains and losses of derivatives in the Consolidated
Statements of Income segregated by designated, qualifying hedging instruments and those that are not, for the
years ended December 31, 2011, 2010 and 2009 (in millions):
Fair Value Hedges
The following table presents the location and amount of gains/(losses) from fair value hedges for the years
ended December 31, 2011, 2010 and 2009 (in millions):
Gain/(Loss) Recognized in Income on
Derivatives
Gain/(Loss) Recognized in Income on
Related Hedged Item (a)
Income Statement
Location
Amount Income Statement
Location
Amount
Derivatives 2011 2010 2009 Hedged Items 2011 2010 2009
Interest rate contracts . . . Interest expense $ 11.8 $ 13.3 $ 12.9 Fixed-rate debt Interest expense $ 12.6 $ 10.5 $ 11.1
Total gain ............ $ 11.8 $ 13.3 $ 12.9 $ 12.6 $ 10.5 $ 11.1
Cash Flow Hedges
The following table presents the location and amount of gains/(losses) from cash flow hedges for the years
ended December 31, 2011, 2010 and 2009 (in millions):
Amount of Gain/
(Loss)
Recognized in OCI on
Derivatives
(Effective Portion)
Gain/(Loss) Reclassified from Accumulated
OCI into Income (Effective Portion)
Gain/(Loss) Recognized in Income on
Derivatives (Ineffective Portion and
Amount Excluded from Effectiveness
Testing) (b)
Income Statement
Location
Amount Income Statement
Location
Amount
Derivatives 2011 2010 2009 2011 2010 2009 2011 2010 2009
Foreign currency
contracts ...... $ 16.4 $ 20.0 $ (43.6) Revenue $ (30.3) $ 24.5 $ 34.6
Derivative gains/
(losses), net $ (10.2) $ (1.5) $ (1.2)
Interest rate
contracts (c) . . . (21.6) (4.2) — Interest expense (2.7) (1.5) (1.7) Interest expense — (0.1) —
Total
gain/(loss) ..... $ (5.2) $ 15.8 $ (43.6) $ (33.0) $ 23.0 $ 32.9 $ (10.2) $ (1.6) $ (1.2)
Undesignated Hedges
The following table presents the location and amount of net gains/(losses) from undesignated hedges for the
years ended December 31, 2011, 2010 and 2009 (in millions):
Gain/(Loss) Recognized in Income on Derivatives (d)
Income Statement Location Amount
Derivatives 2011 2010 2009
Foreign currency contracts (e) ........... Selling, general and administrative $ 5.9 $ (1.0) $ (7.4)
Foreign currency contracts (f) ............ Derivative gains/(losses), net 21.9 0.6 (2.8)
Total gain/(loss) ...................... $ 27.8 $ (0.4) $ (10.2)
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