Snapple 2009 Annual Report Download - page 105
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The following table summarizes the location of the fair value of the Company’s derivative instruments within
the Consolidated Balance Sheets as of December 31, 2009 and 2008 (in millions):
Balance Sheet Location
December 31,
2009
December 31,
2008
Assets:
Derivative instruments designated as
hedging instruments under U.S.
GAAP:
Interest rate swap contracts. . . ...... Prepaid expenses and other current assets $ 6 $ —
Foreign exchange forward
contracts(1) . ................. Other non-current assets — —
Derivative instruments not designated as
hedging instruments under U.S.
GAAP:
Commodity futures . . . ........... Prepaid expenses and other current assets 1 —
Commodity futures . . . ........... Other non-current assets 9 —
Total assets . ................. $ 16 $ —
Liabilities:
Derivative instruments designated as
hedging instruments under U.S.
GAAP:
Interest rate swap contracts. . . ...... Accounts payable and accrued expenses $ — $ 32
Foreign exchange forward contracts . . Accounts payable and accrued expenses 2 —
Interest rate swap contracts. . . ...... Other non-current liabilities 14 —
Derivative instruments not designated as
hedging instruments under U.S.
GAAP:
Interest rate swap contract . . . ...... Accounts payable and accrued expenses 3 —
Commodity futures(2) . ........... Accounts payable and accrued expenses — 8
Total liabilities ................ $ 19 $ 40
(1) The fair value of foreign exchange forward contracts recorded under Other non-current assets was less than
$1 million as of December 31, 2009. There were no foreign exchange forward contracts recorded under Other
non-current assets as of December 31, 2008.
(2) The fair value of commodity futures recorded under Accounts payable and accrued expenses was less than
$1 million as of December 31, 2009.
85
DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)