Crucial 2012 Annual Report Download - page 74

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Total gross notional amounts and fair values for currency derivatives without hedge accounting designation were as
follows:
Currency
Notional
Amount
(in U.S.
Dollars)
Fair Value of
Asset (1) (Liability) (2)
As of August 30, 2012
Forward contracts:
Singapore dollar $ 251 $ — $ (1)
Euro 173 2 (1)
Shekel 65 — (1)
Yen 18 — —
Currency options:
Yen 5,050 (3) 57 —
New Taiwan dollar 342 2 —
$ 5,899 $ 61 $ (3)
As of September 1, 2011
Forward contracts:
Singapore dollar $ 210 $ — $ —
Euro 301 3 —
Shekel 98 — (2)
Yen 165 3 —
Other 50 — —
$ 824 $ 6 $ (2)
(1) Included in receivables – other.
(2) Included in accounts payable and accrued expenses – other.
(3) Notional amount includes purchased options of $2,527 million and sold options of $2,523 million.
For currency forward contracts and options without hedge accounting designation, we recognized net losses of $17 million
for 2012, gains of $21 million for 2011 and losses of $29 million for 2010, which were included in other operating (income)
expense.