Best Buy 2013 Annual Report Download - page 94

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94
Summary of Derivative Balances
The following table presents the gross fair values for derivative instruments and the corresponding classification at February 2,
2013 and March 3, 2012 ($ in millions):
February 2, 2013 March 3, 2012
Contract Type Assets Liabilities Assets Liabilities
No hedge designation (foreign exchange forward contracts) $ 1 $ — $ 1 $ (2)
The following tables present the effects of derivative instruments on other comprehensive income ("OCI") and on our
Consolidated Statements of Earnings for fiscal 2013 (11-month) and 2012 ($ in millions):
11-Month 12-Month
2013 2012
Contract Type
Pre-tax Gain
Recognized
in OCI(1)
Loss Reclassified
from Accumulated
OCI to Earnings
(Effective Portion)(2)
Pre-tax Gain
Recognized
in OCI(1)
Gain Reclassified
from Accumulated
OCI to Earnings
(Effective Portion)(2)
Cash flow hedges (foreign exchange forward
contracts) $ — $ (1) $ 7 $ 5
(1) Reflects the amount recognized in OCI prior to the reclassification of 50% to noncontrolling interests for the cash flow and net investment hedges,
respectively.
(2) Gain reclassified from accumulated OCI is included within Selling, general and administrative expenses in our Consolidated Statements of Earnings.
The following table presents the effects of derivatives not designated as hedging instruments on our Consolidated Statements of
Earnings for fiscal 2013 (11-month) and 2012 ($ in millions):
Gain Recognized within SG&A
11-Month 12-Month
Contract Type 2013 2012
No hedge designation (foreign exchange forward contracts) $ 2 $ 5
The following table presents the notional amounts of our foreign currency exchange contracts at February 2, 2013 and March 3,
2012 ($ in millions):
Notional Amount
Contract Type February 2, 2013 March 3, 2012
Derivatives not designated as hedging instruments $ 173 $ 238
10. Shareholders' Equity
Stock Compensation Plans
Our 2004 Omnibus Stock and Incentive Plan, as amended (the "Omnibus Plan"), authorizes us to grant or issue non-qualified
stock options, incentive stock options, share awards and other equity awards up to a total of 64.5 million shares. We have not
granted incentive stock options under the Omnibus Plan. Under the terms of the Omnibus Plan, awards may be granted to our
employees, officers, advisors, consultants and directors. Awards issued under the Omnibus Plan vest as determined by the
Compensation and Human Resources Committee of our Board of Directors at the time of grant. At February 2, 2013, a total of
19.4 million shares were available for future grants under the Omnibus Plan.
Upon adoption and approval of the Omnibus Plan, all of our previous equity incentive compensation plans were terminated.
However, existing awards under those plans continued to vest in accordance with the original vesting schedule and will expire
at the end of their original term.
Our outstanding stock options have a 10-year term. Outstanding stock options issued to employees generally vest over a three
or four-year period, and outstanding stock options issued to directors vest immediately upon grant. Share awards vest based
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