Electronic Arts 2012 Annual Report Download - page 137

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Annual Report
income or when an item of other comprehensive income must be reclassified to net income. ASU 2011-05, as
amended by ASU 2011-12 is effective for fiscal years and interim periods within those years beginning after
December 15, 2011 and is to be applied retrospectively. We will adopt ASU 2011-05 during the first quarter of
fiscal 2013. We do not expect the adoption of ASU 2011-05, as amended by ASU 2011-12 to have a material
impact on our Consolidated Financial Statements.
In December 2011, the FASB issued ASU 2011-11, Disclosures about Offsetting Assets and Liabilities, which
creates new disclosure requirements about the nature of an entity’s rights of offset and related arrangements
associated with its financial instruments and derivative instruments. The disclosure requirements are effective for
annual reporting periods beginning on or after January 1, 2013, and interim periods therein, with retrospective
application required. The new disclosures are designed to make financial statements that are prepared under U.S.
Generally Accepted Accounting Principles more comparable to those prepared under International Financial
Reporting Standards. We are evaluating the impact of ASU 2011-11 on our Consolidated Financial Statements.
53