Nike 2009 Annual Report Download - page 83

Download and view the complete annual report

Please find page 83 of the 2009 Nike annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 105

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105

NIKE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
The following table presents the fair values of derivative instruments included within the consolidated
balance sheet as of May 31, 2009:
Asset Derivatives Liability Derivatives
Balance Sheet Location Fair Value Balance Sheet Location Fair Value
(In millions)
Derivatives designated as hedging instruments
under FAS 133:
Foreign exchange forwards and options ...... Prepaid expenses and
other current assets
$270.4 Accrued liabilities $ —
Interest rate swap contracts ................ Prepaid expenses and
other current assets
0.1 Accrued liabilities —
Foreign exchange forwards and options ...... Deferred income
taxes and other
assets
81.3 Deferred income taxes
and other liabilities
34.6
Interest rate swap contracts ................ Deferred income
taxes and other
assets
13.7 Deferred income taxes
and other liabilities
—
Total derivatives designated as hedging instruments
under FAS 133 ........................... 365.5 34.6
Derivatives not designated as hedging instruments
under FAS 133:
Foreign exchange forwards and options ...... Prepaid expenses and
other current assets
$ 12.8 Accrued liabilities $34.3
Foreign exchange forwards and options ...... Deferred income
taxes and other
assets
0.4 Deferred income taxes
and other liabilities
—
Total derivatives not designated as hedging
instruments under FAS 133.................. 13.2 34.3
Total derivatives ............................ $378.7 $68.9
81