Dell 2011 Annual Report Download - page 84

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Table of Contents DELL INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Notional Amounts of Outstanding Derivative Instruments
The notional amounts of Dell's outstanding derivative instruments are as follows as of the dates indicated:
February 3, 2012 January 28, 2011
(in millions)
Foreign Exchange Contracts
Designated as cash flow hedging instruments $ 4,549 $ 5,364
Non-designated as hedging instruments 168 250
Total $ 4,717 $ 5,614
Interest Rate Contracts
Designated as fair value hedging instruments $ 650 $ —
Designated as cash flow hedging instruments 751 625
Non-designated as hedging instruments 132 145
Total $ 1,533 $ 770
Derivative Instruments Additional Information
The aggregate unrealized net loss for interest rate swaps and foreign currency exchange contracts, recorded as a component of comprehensive income, for the
fiscal years ended February 3, 2012, and January 28, 2011, was $40 million and $111 million, respectively.
Dell has reviewed the existence and nature of credit-risk-related contingent features in derivative trading agreements with its counterparties. Certain
agreements contain clauses under which, if Dell's credit ratings were to fall below investment grade upon a change of control of Dell, counterparties would
have the right to terminate those derivative contracts where Dell is in a net liability position. As of February 3, 2012 , there had been no such triggering
events.
Effect of Derivative Instruments on the Consolidated Statements of Financial Position and the Consolidated Statements of Income
Derivatives in
Cash Flow
Hedging Relationships
Gain (Loss)
Recognized
in Accumulated
OCI, Net
of Tax, on
Derivatives
(Effective Portion)
Location of Gain (Loss)
Reclassified
from Accumulated
OCI into Income
(Effective Portion)
Gain (Loss)
Reclassified
from Accumulated
OCI into Income
(Effective Portion)
Location of Gain (Loss)
Recognized in Income on
Derivative (Ineffective
Portion)
Gain (Loss) Recognized in Income on
Derivative (Ineffective Portion)
(in millions)
For the fiscal year ended February 3, 2012
Total net revenue $ (186)
Foreign exchange
contracts
$ (126) Total cost of net revenue (7)
Interest rate contracts 3 Interest and other, net — Interest and other,
net
$ 2
Total $ (123) $ (193) $ 2
For the fiscal year ended January 28, 2011
Total net revenue $ (105)
Foreign exchange
contracts
$ (265) Total cost of net revenue (49)
Interest rate contracts (1) Interest and other, net — Interest and other,
net
$ 2
Total $ (266) $ (154) $ 2
81