National Oilwell Varco 2012 Annual Report Download - page 54

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Index to Financial Statements
As of December 31, 2011 December 31,
Functional Currency 2012 2013 2014 Total 2010
GBP Buy USD/Sell GBP:
Notional amount to buy (in British Pounds Sterling) 45 45
Average USD to GBP contract rate 1.5499 1.5499
Fair Value at December 31, 2011 in U.S. dollars
Sell USD/Buy GBP:
Notional amount to buy (in British Pounds Sterling) 42 2 44 49
Average USD to GBP contract rate 1.5821 1.5770 1.5818 1.4952
Fair Value at December 31, 2011 in U.S. dollars (2) (2) 2
USD Buy DKK/Sell USD:
Notional amount to buy (in U.S. dollars) 27 27 19
Average DKK to USD contract rate 5.4213 5.4213 5.5064
Fair Value at December 31, 2011 in U.S. dollars (1) (1)
Buy EUR/Sell USD:
Notional amount to buy (in U.S. dollars) 636 74 710 224
Average EUR to USD contract rate 1.3796 1.3669 1.3783 1.3243
Fair Value at December 31, 2011 in U.S. dollars (37) (3) (40)
Buy GBP/Sell USD:
Notional amount to buy (in U.S. dollars) 15 15 18
Average GBP to USD contract rate 1.5737 1.5737 1.5724
Fair Value at December 31, 2011 in U.S. dollars
Buy NOK/Sell USD:
Notional amount to buy (in U.S. dollars) 964 372 1,336 810
Average NOK to USD contract rate 5.9359 5.9602 5.9427 6.2022
Fair Value at December 31, 2011 in U.S. dollars (14) (8) (22) 32
Buy SGD/Sell USD:
Notional amount to buy (in U.S. dollars) 10 10
Average SGD to USD contract rate 1.3022 1.3022
Fair Value at December 31, 2011 in U.S. dollars
Sell DKK/Buy USD:
Notional amount to buy (in U.S. dollars) 3 3 8
Average DKK to USD contract rate 5.5036 5.5036 5.5998
Fair Value at December 31, 2011 in U.S. dollars
Sell EUR/Buy USD:
Notional amount to sell (in U.S. dollars) 135 2 137 66
Average EUR to USD contract rate 1.3509 1.4019 1.3517 1.3423
Fair Value at December 31, 2011 in U.S. dollars 5 5 1
Sell NOK/Buy USD:
Notional amount to sell (in U.S. dollars) 172 1 173 229
Average NOK to USD contract rate 5.8168 5.9030 5.8173 6.1282
Fair Value at December 31, 2011 in U.S. dollars 6 6 (7)
Sell SGD/Buy USD:
Notional amount to sell (in U.S. dollars) 2 2
Average SGD to USD contract rate 0.7674 0.7674
Fair Value at December 31, 2011 in U.S. dollars
Sell RUB/Buy USD:
Notional amount to sell (in U.S. dollars) 24 24 25
Average RUB to USD contract rate 32.7613 32.7613 31.2030
Fair Value at December 31, 2011 in U.S. dollars (1)
DKK Sell DKK/Buy USD:
Notional amount to buy (in U.S. dollars) 96 96 113
Average DKK to USD contract rate 5.67 5.6717 5.6618
Fair Value at December 31, 2011 in U.S. dollars
Other Currencies
Fair Value at December 31, 2011 in U.S. dollars (1) (1) (2) (1)
Total Fair Value at December 31, 2011 in U.S. dollars (58) (12) (70) 24
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