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Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
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
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
Schedule of Interest Rate Derivatives
The following tables present the fair value of our interest rate swaps and interest rate caps at December 31, 2012 and 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 consolidated balance sheets at December 31, 2012 and 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 years ended December 31, 2012 and 2011 and the eleven months ended December 31, 2010.




 
 
(Gain) Loss Recognized in Interest Expense From the Change in Fair Value of Interest Rate Swaps
 
Fair Value Measurements at December 31,
 
Years Ended December 31,
Eleven Months Ended December 31, 2010
Interest Rate Swaps
2012
2011
 
2012
2011
Accounts payable and accrued liabilities
$
(413
)
$
(2,269
)
 
$
(1,856
)
$
(2,106
)
$
4,376

Other non-current liabilities

(425
)
 
(425
)
(1,565
)
1,989

Total
$
(413
)
$
(2,694
)
 
$
(2,281
)
$
(3,671
)
$
6,365

 
 
 
 
 
 
 




 
 
Loss Recognized in Interest Expense From the Change in Fair Value of Interest Rate Caps
 
Fair Value Measurements at December 31,
 
Years Ended December 31,
Eleven Months Ended December 31, 2010
Interest Rate Caps
2012
2011
 
2012
2011
Prepaid expenses and other current assets
$

$
1

 
$
1

$
4

$
64

Other non-current assets

4

 
4

299

1,766

Total
$

$
5

 
$
5

$
303

$
1,830