eBay 2015 Annual Report Download - page 103

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eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Effect of Derivative Contracts on Accumulated Other Comprehensive Income
The following tables summarize the activity of derivative contracts that qualify for hedge accounting as of
December 31, 2015 and 2014, and the impact of these derivative contracts on accumulated other comprehensive
income for the years ended December 31, 2015 and 2014:
December 31, 2014
Amount of gain (loss)
recognized in other
comprehensive income
(effective portion)
Amount of gain (loss)
reclassified from
accumulated other
comprehensive income
to cost of net revenue and
operating expense
(effective portion) December 31, 2015
(In millions)
Foreign exchange contracts
designated as cash flow
hedges $41 66 71 $36
December 31, 2013
Amount of gain (loss)
recognized in other
comprehensive income
(effective portion)
Amount of gain (loss)
reclassified from
accumulated other
comprehensive income
to cost of net revenue and
operating expense
(effective portion) December 31, 2014
(In millions)
Foreign exchange contracts
designated as cash flow
hedges $(15) 56 — $41
Effect of Derivative Contracts on Consolidated Statement of Income
The following table provides the location in our financial statements of the recognized gains or losses
related to our foreign exchange derivative instruments:
Year Ended December 31,
2015 2014 2013
(In millions)
Foreign exchange contracts designated as cash flow hedges recognized in cost
of net revenues and operating expenses $71 $— $ (9)
Foreign exchange contracts not designated as hedging instruments recognized
in interest and other, net (1) 10 11
Total gain (loss) recognized from foreign exchange derivative contracts in
the consolidated statement of income $70 $ 10 $ 2
F-29