Yahoo 2015 Annual Report Download - page 133
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Foreign currency derivative activity for the year ended December 31, 2014 was as follows (in
millions):
Beginning
Fair Value
Settlement
Payment
(Receipt)
Gain (Loss)
Recorded in
Other Income
(Expense),
Net
Gain (Loss)
Recorded in
Other
Comprehensive
Income (Loss)
Gain
(Loss)
Recorded
in
Revenue
Ending Fair
Value
Derivatives designated
as hedging instruments:
Net investment
hedges
$ 209 $ (234) $ — $ 210(*) $ — $ 185
Cash flow hedges
$4$(4) $(1) $1 $8 $8
Derivatives not
designated as hedging
instruments:
Balance sheet
hedges
$ — $ (12) $ 16 $ — $ — $ 4
(*) This amount does not reflect the tax impact of $79 million recorded during the twelve months
ended December 31, 2014. The $131 million after tax impact of the gain recorded within other
comprehensive income (Loss) was included in accumulated other comprehensive income on the
Company’s consolidated balance sheets as of December 31, 2014.
Foreign currency derivative activity for the year ended December 31, 2015 was as follows (in millions):
Beginning
Fair Value
Settlement
Payment
(Receipt)
Gain (Loss)
Recorded in
Other Income
(Expense),
Net
Gain (Loss)
Recorded in
Other
Comprehensive
Income (Loss)
Gain
(Loss)
Recorded
in
Revenue
Ending Fair
Value
Derivatives designated
as hedging instruments:
Net investment
hedges
$ 185 $ (117) $ 1 $ 5(*) $ — $ 74
Cash flow hedges
$ 8 $ — $ (1) $ (2) $ (3) $ 2
Derivatives not
designated as hedging
instruments:
Balance sheet
hedges
$ 4 $ (21) $ 19 $ — $ — $ 2
(*) This amount does not reflect the tax impact of $2 million recorded during the twelve months
ended December 31, 2015. The $3 million after tax impact of the gain recorded within other
comprehensive income (Loss) was included in accumulated other comprehensive income on the
Company’s consolidated balance sheets as of December 31, 2015.
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