Banana Republic 2011 Annual Report Download - page 72

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Quantitative Disclosures about Derivative Financial Instruments
The fair values of asset and liability derivative financial instruments are as follows:
January 28, 2012
Asset Derivatives Liability Derivatives
($ in millions) Balance Sheet Location Fair
Value Balance Sheet Location Fair
Value
Derivatives designated as cash flow hedges:
Foreign exchange forward contracts . . Other current assets $9
Accrued expenses and
other current liabilities $10
Foreign exchange forward contracts . . Other long-term assets 1
Lease incentives and
other long-term
liabilities —
Total derivatives designated as cash
flowhedges ...................... 10 10
Derivatives designated as net investment
hedges:
Foreign exchange forward contracts . . Other current assets —
Accrued expenses and
other current liabilities —
Foreign exchange forward contracts . . Other long-term assets —
Lease incentives and
other long-term
liabilities —
Total derivatives designated as net
investmenthedges................ ——
Derivatives not designated as hedging
instruments:
Foreign exchange forward contracts . . Other current assets 3
Accrued expenses and
other current liabilities 4
Foreign exchange forward contracts . . Other long-term assets —
Lease incentives and
other long-term
liabilities —
Total derivatives not designated as
hedginginstruments .............. 34
Totalderivativeinstruments .............. $13 $14
58 Gap Inc. Form 10-K