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53
Notes to Consolidated Financial Statements
Jarden Corporation Annual Report 2011 (Dollars in millions, except per share data and unless otherwise indicated)
At December 31, 2011, deferred net gains of $8.7 within AOCI are expected to be reclassified to earnings over the next twelve
months.
The following table presents gain and loss activity (on a pretax basis) for 2011, 2010 and 2009 related to derivative financial
instruments not designated as effective hedges:
2011 2010 2009
Gain/(Loss) Gain/(Loss) Gain/(Loss)
(In millions)
Recognized
in OCI(a)
Reclassified
from AOCI
to Income
Recognized
in Income(b)
Recognized
in OCI(a)
Reclassified
from AOCI
to Income
Recognized
in Income(b)
Recognized
in OCI(a)
Reclassified
from AOCI
to Income
Recognized
in Income(b)
Derivatives designated as effective hedges:
Cash flow hedges:
Interest rate swaps $ (3.1) $ — $ — $ 9.9 $ 1.9 $ — $ 14.1 $ 4.8 $ —
Foreign currency contracts 2.5 (19.6) (1.3) (14.4) (10.2) (2.7) (10.1) 20.1 (7.6)
Total $ (0.6) $ (19.6) $ (1.3) $ (4.5) $ (8.3) $ (2.7) $ 4.0 $ 24.9 $ (7.6)
Location of gain/(loss) in the consolidated results of operations:
Net sales $ (1.0) $ — $ (0.7) $ — $ 0.2 $ —
Cost of sales (18.6) — (9.5) — 19.9 —
SG&A — (1.3) — (2.7) — (7.6)
Interest expense — — 1.9 — 4.8 —
Total $ (19.6) $ (1.3) $ (8.3) $ (2.7) $ 24.9 $ (7.6)
(a) Represents effective portion recognized in Other Comprehensive Income (“OCI”).
(b) Represents portion excluded from effectiveness testing.
Gain/(Loss) Recognized
in Income(a)
(In millions) 2011 2010 2009
Derivatives not designated as effective hedges:
Cash flow hedges:
Interest rate swaps $ (1.0) $ 0.9 $ 1.2
Foreign currency contracts (0.3) (10.5) 0.1
Commodity contracts 0.1 1.6 7.6
Subtotal (1.2) (8.0) 8.9
Fair value derivatives:
Interest rate swaps 0.5 18.6 (10.5)
Total $ (0.7) $ 10.6 $ (1.6)
(a) Classified in SG&A
The following table presents gain and loss activity (on a pretax basis) for 2011, 2010 and 2009 related to derivative financial
instruments designated as effective hedges: