Apple 2000 Annual Report Download - page 33

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weighted-average contractual foreign currency exchange rates. Generally, all instruments mature within 6 months. Miscellaneous other
currencies consist primarily of the Canadian and Australian dollars.
30
2000 1999
----------------------------- -----------------------------
WEIGHTED-AVERAGE WEIGHTED-AVERAGE
NOTIONAL CONTRACT RATE OR NOTIONAL CONTRACT RATE OR
AMOUNT STRIKE PRICE AMOUNT STRIKE PRICE
--------- ----------------- --------- -----------------
In millions, except average contract rates and strike prices
Foreign currency spot/forward contracts:
Japanese Yen.............................. $ 607 105.61 $ 590 105.70
British Pound Sterling.................... 115 1.47 86 1.62
Euro...................................... 313 .89 177 1.05
Miscellaneous other currencies............ 66 62
------ ------
Total currency spot/forward contracts....... $1,101 $ 915
====== ======
Estimated fair value........................ $ 9 $ (9)
====== ======
Foreign currency purchased call options:
Japanese Yen.............................. $ 335 95.55 $ 250 104.80
British Pound Sterling.................... -- -- --
Euro...................................... 375 1.00 105 1.14
Miscellaneous other currencies............ -- 55
------ ------
Total purchased call options............ $ 710 $ 410
------ ------
Foreign currency purchased put options:
Japanese Yen.............................. $ 465 107.28 $ 860 118.31
British Pound Sterling.................... 90 1.49 75 1.59
Euro...................................... 326 .92 505 1.00
Miscellaneous other currencies............ 75 100
------ ------
Total purchased put options............. $ 956 $1,540
------ ------
Total foreign currency purchased options.... $1,666 $1,950
====== ======
Estimated fair value........................ $ 25 $ 12
====== ======
Foreign currency sold call options:
Japanese Yen.............................. $ 365 98.78 $ 290 106.18
British Pound Sterling.................... 90 1.55 25 1.69
Euro...................................... 350 .98 120 1.09
Miscellaneous other currencies............ 45 50
------ ------
Total sold call options................. $ 850 $ 485
------ ------
Foreign currency sold put options:
Japanese Yen.............................. $ 280 107.11 -- --
British Pound Sterling.................... 20 1.44 -- --
Euro...................................... 51 .85 75 1.00
Miscellaneous other currencies............ -- 25
------ ------
Total sold put options.................. $ 351 100
------ ------
Total foreign currency sold options......... $1,201 $ 585
====== ======
Estimated fair value........................ $ (5) $ (17)
====== ======