DELPHI 2015 Annual Report Download - page 132
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Table of Contents
110
The fair value of derivative financial instruments recorded in the consolidated balance sheets as of December 31, 2015
and December 31, 2014 are as follows:
Asset Derivatives Liability Derivatives
Net Amounts of
Assets and
(Liabilities)
Presented in the
Balance Sheet
Balance Sheet Location
December 31,
2015 Balance Sheet Location
December 31,
2015
December 31,
2015
(in millions)
Designated derivatives instruments:
Commodity derivatives ............. Other current assets $ — Accrued liabilities $ 39
Foreign currency derivatives* ... Accrued liabilities 3 Accrued liabilities 69 (66)
Commodity derivatives ............. Other long-term assets —
Other long-term
liabilities 10
Foreign currency derivatives* ...
Other long-term
liabilities 1
Other long-term
liabilities 12 (11)
Total...................................... $ 4 $ 130
Derivatives not designated:
Commodity derivatives ............. Other current assets $ — Accrued liabilities $ 2
Foreign currency derivatives* ... Accrued liabilities 2 Accrued liabilities 3 (1)
Foreign currency derivatives* ...
Other long-term
liabilities 1
Other long-term
liabilities 1 —
Total...................................... $ 3 $ 6
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
* Derivative instruments within this category are subject to master netting arrangements and are presented on a net basis in the consolidated balance sheets in
accordance with accounting guidance related to the offsetting of amounts related to certain contracts.
The fair value of Delphi’s derivative financial instruments was in a net liability position as of both December 31, 2015
and December 31, 2014.