Hasbro 2014 Annual Report Download - page 81

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HASBRO, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements — (Continued)
(Thousands of Dollars and Shares Except Per Share Data)
At December 28, 2014, the Company had remaining net deferred gains on hedging instruments, net of tax,
of $43,689 in AOCE. These instruments hedge payments related to inventory purchased in the fourth quarter of
2014 or forecasted to be purchased during 2015 and 2016, intercompany expenses expected to be paid or
received during 2015 and 2016, cash receipts for sales made at the end of 2014 or forecasted to be made in 2015
and interest payments related to long-term notes due 2021 and 2044. These amounts will be reclassified into the
consolidated statements of operations upon the sale of the related inventory or recognition of the related sales,
royalties or expenses. Of the net deferred gains included in AOCE at December 28, 2014, the Company expects
approximately $28,834 to be reclassified to the consolidated statements of operations within the next 12 months.
However, the amount ultimately realized in earnings is dependent on the fair value of the hedging instruments on
the settlement dates.
Changes in the components of accumulated other comprehensive earnings (loss), net of tax are as follows:
Pension and
Postretirement
Amounts
Gains
(Losses) on
Derivative
Instruments
Unrealized
Holding
Gains on
Available-
for-Sale
Securities
Foreign
Currency
Translation
Adjustments
Total
Accumulated
Other
Comprehensive
Earnings
(Loss)
2014
Balance at December 29,
2013 ................ $ (64,841) (7,313) — 38,019 (34,135)
Current period other
comprehensive earnings
(loss) ................ (51,206) 47,600 1,900 (65,970) (67,676)
Reclassifications from
AOCE to earnings ...... 2,955 3,402 — — 6,357
Balance at December 28,
2014 ................ $(113,092) 43,689 1,900 (27,951) (95,454)
2013
Balance at December 30,
2012 ................ $(120,422) (1,008) — 49,123 (72,307)
Current period other
comprehensive earnings
(loss) ................ 47,081 (3,075) — (11,104) 32,902
Reclassifications from
AOCE to earnings ...... 8,500 (3,230) — — 5,270
Balance at December 29,
2013 ................ $ (64,841) (7,313) — 38,019 (34,135)
2012
Balance at December 25,
2011 ................ $ (86,822) 10,081 — 40,798 (35,943)
Current period other
comprehensive earnings
(loss) ................ (38,335) (3,704) — 8,325 (33,714)
Reclassifications from
AOCE to earnings ...... 4,735 (7,385) — — (2,650)
Balance at December 30,
2012 ................ $(120,422) (1,008) — 49,123 (72,307)
See notes 14 and 16 for additional discussion on reclassifications from AOCE to earnings.
67