DELPHI 2014 Annual Report Download - page 124
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102
Foreign Currency Quantity
Hedged Unit of
Measure
Notional Amount
(Approximate
USD Equivalent)
(in millions)
Mexican Peso........................................................................................................... 13,235 MXN $ 900
Polish Zloty ............................................................................................................. 380 PLN 110
New Turkish Lira..................................................................................................... 220 TRY 95
Chinese Yuan Renminbi.......................................................................................... 469 CNY 75
Hungarian Forint ..................................................................................................... 18,429 HUF 70
Brazilian Real.......................................................................................................... 122 BRL 45
The Company had additional commodity and foreign currency forward contracts that individually amounted to less than
$10 million. Additionally, during the year ended December 31, 2014, Delphi entered into and settled treasury rate lock
agreements which were designated as cash flow hedges in anticipation of issuing the 2014 Senior Notes, as further discussed in
Note 11. Debt. The impacts of these agreements and the related amount of hedge ineffectiveness were not material.
The fair value of derivative financial instruments recorded in the consolidated balance sheets as of December 31, 2014
and December 31, 2013 are as follows:
Asset Derivatives Liability Derivatives
Net Amounts
of Assets and
Liabilities
Presented in
the Balance
Sheet
Balance Sheet Location December 31,
2014 Balance Sheet Location December 31,
2014 December 31,
2014
(in millions)
Designated derivatives instruments:
Commodity derivatives .............. Other current assets $ — Accrued liabilities $ 19
Foreign currency derivatives*.... Accrued liabilities 3 Accrued liabilities 48 (45)
Commodity derivatives .............. Other long-term assets — Other long-term
liabilities 8
Foreign currency derivatives*.... Other long-term
liabilities 2 Other long-term
liabilities 34 (32)
Total..................................... $ 5 $ 109
Derivatives not designated:
Foreign currency derivatives*.... Accrued liabilities $ 1 Accrued liabilities $ 1 —
Total..................................... $ 1 $ 1