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88 F I N A N C I A L S E C T I O N >N O T E S T O C O N S O L I D A T E D F I N A N C I A L S T A T E M E N T S
Foreign exchange contracts Other, net
2009
Millions of yen
Thousands of
U.S. dollars
2011
2010
¥50,794
2011
¥
11,168 ¥(8,638) $143,179
Gain (loss) recognized in income on derivative
Location
Effect of derivative instruments in the consolidated statements of income
The following tables present the effect of Canon’s derivative instruments in the consolidated statements of income for the
years ended December 31, 2011, 2010 and 2009.
Derivatives in cash flow hedging relationships
2011: Foreign exchange
contracts
2010: Foreign exchange
contracts
2009: Foreign exchange
contracts
Thousands of U.S. dollars
2011: Foreign exchange
contracts
Amount Location
Gain (loss) reclassified from
accumulated OCI into income
(effective portion)
Gain (loss) recognized in income
(ineffective portion and amount excluded
from effectiveness testing)
Amount
¥
5,006
6,990
2,670
$64,179
Location
Other, net
Other, net
Other, net
Other, net
Amount
¥
(785)
1,419
(2,372)
$ (10,064)
Other, net
Other, net
Other, net
Other, net
¥
(457)
(302)
(462)
$ (5,859)
Years ended December 31
Millions of yen
Gain (loss) recognized
in OCI (effective portion)
Derivatives not designated as hedging instruments
19. COMMITMENTS AND CONTINGENT LIABILITIES
Commitments
At December 31, 2011, commitments outstanding for the
purchase of property, plant and equipment approximated
¥66,287 million ($849,833 thousand), and commitments out-
standing for the purchase of parts and raw materials
approximated ¥75,823 million ($972,090 thousand).
Canon occupies sales offices and other facilities under
lease arrangements accounted for as operating leases.
Deposits made under such arrangements aggregated ¥14,171
million ($181,679 thousand) and ¥13,686 million at
December 31, 2011 and 2010, respectively, and are included
in noncurrent receivables in the accompanying consolidated
balance sheets. Rental expenses under such operating lease
arrangements amounted to ¥38,167 million ($489,321 thou-
sand), ¥40,396 million and ¥36,474 million for the years
ended December 31, 2011, 2010 and 2009, respectively.
Future minimum lease payments required under non-
cancelable operating leases that have initial or remaining
lease terms in excess of one year at December 31, 2011 are
as follows:
2012
2013
2014
2015
2016
Thereafter
Total future minimum lease payments
Millions of yen
Thousands of
U.S. dollars
¥22,259
15,843
11,632
7,120
5,473
10,471
¥72,798
$285,372
203,115
149,128
91,282
70,167
134,244
$933,308
Year ending December 31:
Years ended December 31