Johnson and Johnson 2015 Annual Report Download - page 58

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The Company’s significant financial assets and liabilities measured at fair value as of January 3, 2016 and December 28,
2014 were as follows:
2015 2014
(Dollars in Millions) Level 1 Level 2 Level 3 Total Total(1)
Derivatives designated as hedging instruments:
Assets:
Forward foreign exchange contracts(7) $ – 452 – 452 996
Interest rate contracts(2)(4)(7) – 28 – 28 31
Total – 480 – 480 1,027
Liabilities:
Forward foreign exchange contracts(8) – 358 – 358 751
Interest rate contracts(3)(4)(8) – 241 – 241 8
Total – 599 – 599 759
Derivatives not designated as hedging instruments:
Assets:
Forward foreign exchange contracts(7) – 33 – 33 29
Liabilities:
Forward foreign exchange contracts(8) – 41 – 41 51
Available For Sale Other Investments:
Equity investments(5) 1,494 – – 1,494 679
Debt securities(6) $ – 8,316 – 8,316 –
(1) 2014 assets and liabilities are all classified as Level 2 with the exception of equity investments of $679 million, which are classified as
Level 1.
(2) Includes $20 million and $29 million of non-current assets for the fiscal years ending January 3, 2016 and December 28, 2014,
respectively.
(3) Includes $239 million and $8 million of non-current liabilities for the fiscal years ending January 3, 2016 and December 28, 2014,
respectively.
(4) Includes cross currency interest rate swaps and interest rate swaps.
(5) Classified as non-current other assets. The carrying amount of the equity investments were $528 million and $284 million as of
January 3, 2016 and December 28, 2014, respectively. The unrealized gains were $979 million and $406 million as of January 3,
2016 and December 28, 2014, respectively. The unrealized losses were $13 million and $11 million as of January 3, 2016 and
December 28, 2014, respectively.
(6) Classified as current marketable securities.
(7) Classified as other current assets.
(8) Classified as accounts payable.
See Notes 2 and 7 for financial assets and liabilities held at carrying amount on the Consolidated Balance Sheet.
46 •Johnson & Johnson 2015 Annual Report