Electronic Arts 2015 Annual Report Download - page 142

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underlying foreign-currency-denominated monetary assets and liabilities, which are also reported in interest and
other income (expense), net, in our Consolidated Statements of Operations. The fair value of our foreign currency
forward contracts was measured using Level 2 inputs.
Total gross notional amounts and fair values for currency derivatives that are not designated as hedging
instruments are accounted for as follows:
As of March 31, 2015 As of March 31, 2014
Notional
Amount
Fair Value Notional
Amount
Fair Value
Asset Liability Asset Liability
Forward contracts to purchase ........................ $ 99 $— $— $140 $— $ 1
Forward contracts to sell ............................ $173 $— $— $232 $— $—
The effect of foreign currency forward contracts not designated as hedging instruments in our Consolidated
Statements of Operations for the fiscal years ended March 31, 2015, 2014 and 2013, was as follows (in millions):
Location of Gain (Loss)
Recognized in Income on
Derivative Instruments
Amount of Gain (Loss) Recognized in Income on
Derivative Instruments
Year Ended March 31,
2015 2014 2013
Foreign currency forward contracts not
designated as hedging instruments ....
Interest and other income
(expense), net
$58 $(5) $(2)
(5) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The changes in accumulated other comprehensive income (loss) by component, net of tax, for the fiscal years
ended March 31, 2015, 2014 and 2013 are as follows (in millions):
Unrealized Net
Gains (Losses) on
Available-for-Sale
Securities
Unrealized Net
Gains (Losses) on
Derivative
Instruments
Foreign Currency
Translation
Adjustments Total
Balances as of March 31, 2012 ..................... $83 $ (2) $92 $173
Other comprehensive loss before reclassifications . . . (46) (2) (19) (67)
Amounts reclassified from accumulated other
comprehensive income ....................... (41) 4 — (37)
Net current-period other comprehensive income
(loss) ....................................... (87) 2 (19) (104)
Balances as of March 31, 2013 ..................... $ (4) $— $73 $ 69
Other comprehensive loss before reclassifications . . . $ — $(19) $(22) $ (41)
Amounts reclassified from accumulated other
comprehensive income ....................... — 9 — 9
Net current-period other comprehensive income
(loss) ....................................... — (10) (22) (32)
Balances as of March 31, 2014 ..................... (4) (10) 51 37
Other comprehensive income (loss) before
reclassifications ............................ $ 1 $20 $(67) $ (46)
Amounts reclassified from accumulated other
comprehensive income ....................... — 11 — 11
Net current-period other comprehensive income
(loss) ....................................... 1 31 (67) (35)
Balances as of March 31, 2015 ..................... (3) 21 (16) 2
72