Starbucks 2009 Annual Report Download - page 64

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Fair values of derivative instruments on the consolidated balance sheet as of September 27, 2009 (in millions):
Contract Type Balance Sheet Location Fair Value Balance Sheet Location Fair Value
Assets Liabilities
Derivatives designated as hedging instrument for accounting purposes:
Cash Flow Hedges:
Foreign Exchange..... Prepaid expenses and
other current assets $ 6.3 Other accrued expenses . . $ 6.6
Foreign Exchange..... Other assets 5.5 Other long-term
liabilities ............. 5.6
11.8 12.2
Net Investment Hedges:
Foreign Exchange..... Prepaid expenses and
other current assets 0.4 Other accrued expenses . . 4.7
Foreign Exchange..... Other assets —Other long-term
liabilities ............. 6.4
0.4 11.1
Total derivatives designated as hedging instrument for
accounting purposes......................... $12.2 $23.3
Derivatives not designated as hedging instruments for accounting purposes:
Foreign Exchange..... Prepaid expenses and
other current assets $ 0.9 Other accrued expenses . . $ 9.6
Commodity ......... Prepaid expenses and
other current assets 0.1 Other accrued expenses . . 0.3
Total derivatives not designated as hedging instruments
for accounting purposes ...................... 1.0 9.9
Total Derivatives ..... $13.2 $33.2
The following table presents the effect of derivative instruments on the consolidated statements of earnings in fiscal
2009 (in millions):
Contract Type Gain/(Loss) Recognized in OCI
Location of Gain/(Loss)
Reclassified from
Accumulated
OCI into Earnings -
Effective Portion Gain/(Loss) Reclassed from
Accumulated OCI to Earnings
Derivatives designated as hedging instruments for accounting purposes:
Cash Flow Hedges:
Foreign Exchange
(1)
. . $ 9.3 Total net revenue ..... $(4.5)
Cost of sales including
occupancy costs ...... 6.0
Commodity ........ (1.5) Cost of sales including
occupancy costs ...... (1.0)
Interest rate
(2)
...... — Interest expense ...... (0.7)
7.8 (0.2)
Net Investment Hedges:
Foreign Exchange
(3)
. . (10.8) —
Total ............. $ (3.0) $(0.2)
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