Coca Cola 2010 Annual Report Download - page 88

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they are effective economic hedges that help the Company mitigate the price risk associated with the purchases of
materials used in our manufacturing processes and the fuel used to operate our extensive vehicle fleet.
Open commodity derivatives that qualify for hedge accounting had a notional value of $28 million as of December 31,
2010. These contracts had a fair value of $2 million. The potential change in fair value of these commodity derivative
instruments, assuming a 10 percent decrease in underlying commodity prices, would have eliminated the net unrealized
gain and created an unrealized loss of $2 million.
Open commodity derivatives that do not qualify for hedge accounting had a notional value of $425 million as of
December 31, 2010. These contracts had a fair value of $56 million. The potential change in fair value of these
commodity derivative instruments, assuming a 10 percent decrease in underlying commodity prices, would have reduced
our net gain by $31 million.
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