XML 41 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1
Hedging Activities (Tables)
6 Months Ended
Jun. 30, 2018
Summary of Notional Amounts and Respective Fair Values of Derivative Financial Instruments





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

Asset derivatives

 

Liability derivatives



Gross notional amount

 

Balance

 

Fair value

 

Balance

 

Fair value



June 30,

 

Dec. 31,

 

sheet

 

June 30,

 

Dec. 31,

 

sheet

 

June 30,

 

Dec. 31,



2018

 

2017

 

location

 

2018

 

2017

 

location

 

2018

 

2017



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives
  designated as
  hedging
  instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange
  contracts (1)

$

393 

 

$

294 

 

Other current
assets

 

$

 

$

20 

 

Other accrued liabilities

 

$

(6)

 

 

 



 

 

 

 

 

 

Other assets

 

 

 

 

 

Other liabilities

 

 

(3)

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate
  contracts

 

850 

 

 

550 

 

 

 

 

 

 

 

 

 

Other accrued liabilities

 

 

(6)

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other liabilities

 

 

(8)

 

$

(8)



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives not
  designated as
  hedging
  instruments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange
  contracts, other

 

1,322 

 

 

599 

 

Other current
assets

 

 

14 

 

 

 

Other accrued
liabilities

 

 

(9)

 

 

(7)



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Translated earnings
  contracts

 

14,604 

 

 

14,275 

 

Other current
assets

 

 

107 

 

 

176 

 

Other accrued
liabilities

 

 

(21)

 

 

(34)



 

 

 

 

 

 

Other assets

 

 

48 

 

 

66 

 

Other liabilities

 

 

(442)

 

 

(325)



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total derivatives

$

17,169 

 

$

15,718 

 

 

 

$

177 

 

$

265 

 

 

 

$

(495)

 

$

(374)



(1)

Cash flow hedges with a typical duration of 24 months or less.

Designated as Hedging Instrument [Member]  
Effect on Consolidated Financial Statements





 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Effect of derivative instruments on the consolidated financial statements



 

for the three months ended June 30,



 

Gain (loss) recognized in other

 

Location of gain/(loss)

 

Gain/(loss) reclassified from



 

comprehensive income

 

reclassified from

 

accumulated OCI into

Derivatives in hedging

 

(OCI)

 

accumulated OCI into

 

income (effective) (1)

relationships

 

2018

 

2017

 

income (effective)

 

2018

 

2017



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

Cost of sales

 

$

 

$

(3)

Foreign exchange contracts

 

$

(22)

 

$

 

Other expense, net

 

 

(1)

 

 

(1)



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total cash flow hedges

 

$

(22)

 

$

 

 

 

$

 

$

(4)







 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Effect of  derivative instruments on the consolidated financial statements



 

for the six months ended June 30,



 

Gain (loss) recognized in 

 

Location of gain/(loss)

 

Gain/(loss) reclassified from



 

other comprehensive income

 

reclassified from

 

accumulated OCI into

Derivatives in hedging

 

(OCI)

 

accumulated OCI into

 

income ineffective/effective (1)

relationships

 

2018

 

2017

 

income (effective)

 

2018

 

2017



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

Sales

 

$

 

 

$



 

 

 

 

 

 

 

Cost of sales

 

 

 

 

(9)

Foreign exchange contracts

 

$

(20)

 

$

32 

 

Other expense, net

 

 

(1)

 

 

(1)



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total cash flow hedges

 

$

(20)

 

$

32 

 

 

 

$

 

$

(9)



(1)

The amount of hedge ineffectiveness at June 30, 2018 and 2017 was insignificant.



Not Designated as Hedging Instrument [Member]  
Effect on Consolidated Financial Statements



 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

Gain (loss) recognized in income



 

 

Three months ended

 

Six months ended



Location of gain/(loss)

 

June 30,

 

June 30,

Undesignated derivatives

recognized in income

 

2018

 

2017

 

2018

 

2017



 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange contracts
  – balance sheet and loans

Other expense, net

 

$

29 

 

$

(15)

 

$

10 

 

$

(13)

Foreign currency hedges
  related to translated earnings

Translated earnings
  contract gain (loss), net

 

 

458 

 

 

219 

 

 

(164)

 

 

(219)



 

 

 

 

 

 

 

 

 

 

 

 

 

Total undesignated

 

 

$

487 

 

$

204 

 

$

(154)

 

$

(232)