First Data 2009 Annual Report Download - page 134

FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Fair Value of Derivative Instruments in the Consolidated Balance Sheets
As of December 31, 2008
(in millions)
Derivative
Assets
Derivative
Liabilities
Fair Value
Balance Sheet
Location Fair Value
Balance Sheet
Location
Derivatives designated as hedging instruments
Interest rate contracts ................................... — $(598.8) Other long-term
liabilities and
Other current
liabilities
Foreign exchange contracts ............................... $ 8.9 Other long-
term assets
—
Total derivatives designated as hedging instruments ....... 8.9 (598.8)
Derivatives not designated as hedging instruments
Foreign exchange contracts ............................... 2.8 Other long-
term assets
(2.5) Other long-term
liabilities
Total derivatives not designated as hedging instruments .... 2.8 (2.5)
Total Derivatives ............................... $11.7 $(601.3)
The Effect of Derivative Instruments on the Consolidated Statements of Operations
For the year ended December 31, 2009
(in millions, pretax)
Derivatives in cash flow
hedging relationships
Amount of
Gain or
(Loss)
Recognized
in OCI on
Derivative
(Effective
Portion)
Amount of Gain
or (Loss)
Reclassified
from
Accumulated
OCI into
Income
(Effective
Portion)
Location of
Gain or
(Loss)
Reclassified
from
Accumulated
OCI into
Income
(Effective
Portion)
Amount of
Gain or
(Loss)
Recognized
in Income
on
Derivative
(Ineffective
Portion)
Location of Gain or
(Loss) Recognized in
Income on Derivative
(Ineffective Portion)2009 2009 2009
Interest rate contracts .............. $41.1 $(131.4) Interest
Expense
$(11.3) Other income (expense)
Derivatives in net
investment hedging relationships 2009 2009 2009
Foreign exchange contracts ......... $(21.9) — $ 1.1 Other income (expense)
Amount of
Gain or
(Loss)
Recognized
in Income
on
Derivative
Location of
Gain or (Loss)
recognized in
Income on
Derivative
Derivatives not designated as hedging
instruments 2009
Interest rate contracts .............. $(53.0) Other income
(expense)
Foreign exchange contracts ......... $ (4.2) Other income
(expense)
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