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Table of Contents
EMC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
The following table provides the effect derivative instruments had on other comprehensive loss ("OCI") and results of operations (table in thousands):
The Effect of Derivative Instruments on the Consolidated Income Statement
For the Years Ended December 31, 2008, 2007 and 2006
Amount of Gain or (Loss)
Recognized in Income on
Derivative (Ineffective
Portion and Amount
Excluded from
Effectiveness Testing)
Location of Gain
or
(Loss)
Recognized in
Income on
Derivative
(Ineffective
Portion
and Amount
Excluded
from
Effectiveness)
Derivatives
Designated
as Hedging
Instruments
under
Statement
133 –
Cash Flow
Hedging
Relationships
Amount of Gain or (Loss)
Recognized in Accumulated
OCI on Derivative
(Effective Portion)
Location of Gain or
(Loss) Reclassified
from Accumulated
OCI into Income
(Effective Portion)
Amount of Gain or (Loss)
Reclassified from
Accumulated OCI into Income
(Effective Portion)
Derivatives
Not
Designated as
Hedging
Instruments
under
Statement
133
Amount of Gain or
(Loss) Recognized in
Other expense, net
2008 2007 2006 2008 2007 2006 2008 2007 2006 2008 2007 2006
Foreign
exchange
contracts
$ (345) $ (10,328) $ (7,002)Product revenue $ 26,524 $ (10,267) $ (8,998)Other expense,
net $(5,837) $(3,116) $(2,740)Foreign
exchange
contracts
$(5,179)$(10,559)$(4,137)
SG&A (25,597) (181) 2,891
Total $ (345) $ (10,328) $ (7,002)Total $ 927 $ (10,448) $ (6,107)Total $(5,837) $(3,116) $(2,740)Total $(5,179)$(10,559)$(4,137)
73