First Data 2009 Annual Report Download - page 133

FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
earnings during the twelve months ended December 31, 2009 and December 31, 2008, respectively, related to the
cash flow hedges mostly due to the hedges being off-market at the time of designation. The amount of losses in
OCI related to the hedged transactions as of December 31, 2009 that is expected to be reclassified into the
Consolidated Statements of Operations within the next 12 months is approximately $136 million.
For information on the location and amounts of derivative fair values in the Consolidated Balance Sheets
and derivative gains and losses in the Consolidated Statements of Operations, see the tabular information
presented below.
FAIR VALUE OF DERIVATIVE INSTRUMENTS
Fair Value of Derivative Instruments in the Consolidated Balance Sheets
As of December 31, 2009
Derivative
Assets
Derivative
Liabilities
(in millions) Fair Value
Balance Sheet
Location Fair Value
Balance Sheet
Location
Derivatives designated as hedging instruments
Interest rate contracts ............................ — $(304.4) Other long-term
liabilities and
Other current
liabilities
Foreign exchange contracts ....................... — (10.0) Other long-term
liabilities
Total derivatives designated as hedging
instruments .............................. — (314.4)
Derivatives not designated as hedging instruments
Interest rate contracts ............................ — (153.5) Other long-term
liabilities and
Other current
liabilities
Foreign exchange contracts ....................... $1.2 Other long-
term assets
(3.6) Other long-term
liabilities
Total derivatives not designated as hedging
instruments .............................. 1.2 (157.1)
Total Derivatives ........................ $1.2 $(471.5)
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