Snapple 2011 Annual Report Download - page 96

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DR PEPPER SNAPPLE GROUP, INC.
NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
76
The following table presents the impact of derivative instruments not designated as hedging instruments under U.S. GAAP
to the Consolidated Statements of Income for the years ended December 31, 2011, 2010 and 2009 (in millions):
For the year ended December 31, 2011:
Commodity contracts
Commodity contracts
Total
For the year ended December 31, 2010:
Interest rate contracts
Commodity contracts
Commodity contracts
Total
For the year ended December 31, 2009:
Commodity contracts
Commodity contracts
Total
Amount of Gain (Loss)
Recognized in Income
$(15)
2
$(13)
$ 7
(2)
2
$ 7
$ 5
2
$ 7
Location of Gain (Loss)
Recognized in Income
Cost of sales
Selling, general and administrative expenses
Interest expense
Cost of sales
Selling, general and administrative expenses
Cost of sales
Selling, general and administrative expenses
Refer to Note 12 for more information on the valuation of derivative instruments. The Company has exposure to credit losses
from derivative instruments in an asset position in the event of nonperformance by the counterparties to the agreements. Historically,
DPS has not experienced credit losses as a result of counterparty nonperformance. The Company selects and periodically reviews
counterparties based on credit ratings, limits its exposure to a single counterparty under defined guidelines, and monitors the market
position of the programs at least on a quarterly basis.