Johnson and Johnson 2013 Annual Report Download - page 44

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The Company’s significant financial assets and liabilities measured at fair value as of December 29, 2013 and
December 30, 2012 were as follows:
2013 2012
(Dollars in Millions) Level 1 Level 2 Level 3 Total Total(1)
Derivatives designated as hedging instruments:
Assets:
Forward foreign exchange contracts $ – 537 – 537 423
Interest rate contracts(2) – 169 – 169 98
Total – 706 – 706 521
Liabilities:
Forward foreign exchange contracts – 133 – 133 252
Interest rate contracts(3)(4) – 26 – 26 10
Total – 159 – 159 262
Derivatives not designated as hedging instruments:
Assets:
Forward foreign exchange contracts – 25 – 25 75
Liabilities:
Forward foreign exchange contracts – 29 – 29 23
Other investments(5) $333 – – 333 1,247
(1) 2012 assets and liabilities are all classified as Level 2 with the exception of Other investments of $1,247 million, which are classified
as Level 1.
(2) Includes $169 million and $96 million of non-current assets for the fiscal years ending December 29, 2013 and December 30, 2012,
respectively.
(3) Includes $19 million and $4 million of non-current liabilities for the fiscal years ending December 29, 2013 and December 30, 2012,
respectively.
(4) Includes cross currency interest rate swaps and interest rate swaps.
(5) Classified as non-current other assets. The change in the fair value from December 30, 2012 was primarily due to the sale of Elan
American Depositary Shares.
See Notes 2 and 7 for financial assets and liabilities held at carrying amount on the Consolidated Balance Sheet.
34 •Johnson & Johnson 2013 Annual Report