DuPont 2009 Annual Report Download - page 71

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E. I. du Pont de Nemours and Company
Notes to the Consolidated Financial Statements (continued)
(Dollars in millions, except per share)
Financial liabilities
Fair Value Measurements at
December 31, 2009 Using
December 31,
2009 Level 1 Inputs Level 2 Inputs
Derivatives $132 $ - $132
At December 31, 2008, the following financial assets and financial liabilities were measured at fair value on a recurring
basis using the type of inputs shown:
Financial Assets
Fair Value Measurements at
December 31, 2008 Using
December 31,
2008 Level 1 Inputs Level 2 Inputs
Derivatives $ 96 $ - $ 96
Available-for-sale securities 22 22 -
$118 $ 22 $ 96
Financial liabilities
Fair Value Measurements at
December 31, 2008 Using
December 31,
2008 Level 1 Inputs Level 2 Inputs
Derivatives $563 $ - $563
Refer to Note 24 for further discussions regarding the company’s derivative instruments.
3. OTHER INCOME, NET
2009 2008 2007
Cozaar/Hyzaarlicensing income, net $1,032 $1,019 $ 943
Royalty income 127 111 125
Interest income 91 138 154
Equity in earnings of affiliates (Note 13) 99 81 (130)
Net gains on sales of assets 63 40 126
Net exchange gains/(losses)1(218) (219) (65)
Miscellaneous income and expenses – net225 137 122
$1,219 $1,307 $1,275
1The company routinely uses foreign currency exchange contracts to offset its net exposures, by currency, related to the foreign currency-
denominated monetary assets and liabilities. The objective of this program is to maintain an approximately balanced position in foreign
currencies in order to minimize, on an after-tax basis, the effects of exchange rate changes on net monetary asset positions. The net pre-tax
exchange gains and losses are partially offset by the associated tax impact.
2Miscellaneous income and expenses, net, includes interest items, insurance recoveries, litigation settlements, and other items.
F-13