Western Union 2015 Annual Report Download - page 236
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THE WESTERN UNION COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
134
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, 2015,
2014 and 2013 (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,
2015, 2014 and 2013 (in millions):
Gain/(Loss) Recognized in Income on
Derivatives
Gain/(Loss) Recognized in Income on
Related Hedged Item (a)
Gain/(Loss) Recognized in Income on
Derivatives (Ineffective Portion and Amount
Excluded from Effectiveness Testing)
Income
Statement
Location
Amount
Income
Statement
Location
Amount
Income
Statement
Location
Amount
Derivatives 2015 2014 2013
Hedged
Item 2015 2014 2013 2015 2014 2013
Interest rate
contracts .
Interest
expense .$ 15.2 $ 17.5 $ (8.5)
Fixed-
rate debt.
Interest
expense .$(2.3) $ (4.4) $ 19.3
Interest
expense .$ 0.8 $ (0.7) $ —
Total gain/
(loss). . . . . . $ 15.2 $ 17.5 $ (8.5) $ (2.3) $ (4.4) $ 19.3 $ 0.8 $ (0.7) $ —
Cash Flow Hedges
The following table presents the location and amount of gains/(losses) from cash flow hedges for the years ended December 31,
2015, 2014 and 2013 (in millions):
Gain/(Loss) Recognized Gain/(Loss) Reclassified Gain/(Loss) Recognized in Income on
in OCI on Derivatives from Accumulated OCI into Income Derivatives (Ineffective Portion and Amount
(Effective Portion) (Effective Portion) Excluded from Effectiveness Testing) (b)
Amount Income
Statement
Location
Amount Income
Statement
Location
Amount
Derivatives 2015 2014 2013 2015 2014 2013 2015 2014 2013
Foreign currency
contracts. . . . . $ 70.8 $ 84.0 $ (3.1) Revenue . . . . . . . . $ 77.8 $ 1.6 $ 10.4
Derivative
gains/(losses), net.$ (0.1) $ (4.4) $ (0.4)
Interest rate
contracts (c) . . — — — Interest expense . . (3.6) (3.6) (3.6) Interest expense . . ———
Total gain/(loss) . $ 70.8 $ 84.0 $ (3.1) $ 74.2 $ (2.0) $ 6.8 $ (0.1) $ (4.4) $ (0.4)
201 FORM 10-K
5