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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
Interest Rate Swaps – Dex Media East
Effective Dates
Notional Amount
 
Pay Rates
Maturity Dates
(amounts in millions)
 
 
 
 
February 26, 2010
$
100

(1) 
1.796%
February 28, 2013
March 5, 2010
100

(1) 
1.688%
January 31, 2013
March 10, 2010
100

(1) 
1.75%
January 31, 2013
Total
$
300

 
 
 

(1) Consists of one swap
Interest Rate Caps – RHDI
Effective Dates
Notional Amount
 
Cap Rates
Maturity Dates
(amounts in millions)
 
 
 
 
February 26, 2010
$
100

(2) 
3.5%
February 28, 2013
March 8, 2010
100

(2) 
3.5%
January 31, 2013
Total
$
200

 
 
 

(2) Consists of one cap
Schedule of Interest Rate Derivatives
The following tables present the fair value of our interest rate swaps and interest rate caps at September 30, 2012 and December 31, 2011. The fair value of our interest rate swaps is presented in accounts payable and accrued liabilities and other non-current liabilities and the fair value of our interest rate caps is presented in prepaid expenses and other current assets and other non-current assets on the condensed consolidated balance sheets at September 30, 2012 and December 31, 2011. The following tables also present the (gain) loss recognized in interest expense from the change in fair value of our interest rate swaps and interest rate caps for the three and nine months ended September 30, 2012 and 2011, respectively.




 
 
Gain Recognized in Interest Expense from the Change in Fair Value of Interest Rate Swaps
 
Fair Value Measurements at
 
Three Months Ended September 30,
Nine Months Ended September 30,
Interest Rate Swaps
September 30, 2012
December 31, 2011
 
2012
2011
2012
2011
Accounts payable and accrued liabilities
$
(1,235
)
$
(2,269
)
 
$
(605
)
$
(1,023
)
$
(1,034
)
$
(1,237
)
Other non-current liabilities
—

(425
)
 
—

(565
)
(425
)
(876
)
Total
$
(1,235
)
$
(2,694
)
 
$
(605
)
$
(1,588
)
$
(1,459
)
$
(2,113
)
 
 
 
 
 
 
 
 




 
 
(Gain) Loss Recognized in Interest Expense from the Change in Fair Value of Interest Rate Caps
 
Fair Value Measurements at
 
Three Months Ended September 30,
Nine Months Ended September 30,
Interest Rate Caps
September 30, 2012
December 31, 2011
 
2012
2011
2012
2011
Prepaid expenses and other current assets
$
—

$
1

 
$
—

$
(3
)
$
1

$
—

Other non-current assets
—

4

 
—

26

4

287

Total
$
—

$
5

 
$
—

$
23

$
5

$
287