eBay 2015 Annual Report Download - page 104

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eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
The following table provides the location in our financial statements of the recognized gains or losses
related to our interest rate derivative instruments:
Year Ended December 31,
2015 2014 2013
(In millions)
Gain (loss) from interest rate contracts designated as fair value hedges
recognized in interest and other, net $ 19 $ 22 $ —
Gain (loss) from hedged items attributable to hedged risk recognized in
interest and other, net (19) (22) —
Total gain (loss) recognized from interest rate derivative contracts in
the consolidated statement of income $ — $ — $ —
Notional Amounts of Derivative Contracts
Derivative transactions are measured in terms of the notional amount, but this amount is not recorded on the
balance sheet and is not, when viewed in isolation, a meaningful measure of the risk profile of the instruments.
The notional amount is generally not exchanged, but is used only as the basis on which the value of foreign
exchange payments under these contracts are determined. The following table provides the notional amounts of
our outstanding derivatives:
December 31,
2015 2014 2013
(In millions)
Foreign exchange contracts designated as cash flow hedges $ 1,315 $ 307 $ 331
Foreign exchange contracts not designated as hedging instruments 1,317 1,535 2,257
Interest rate contracts designated as fair value hedges 2,400 2,400 —
Total $ 5,032 $ 4,242 $ 2,588
Note 10 — Balance Sheet Components
Property and Equipment
December 31,
2015 2014
(In millions)
Property and equipment:
Computer equipment and software $ 3,894 $ 3,455
Land and buildings, including building improvements 591 535
Leasehold improvements 305 253
Furniture and fixtures 157 158
Construction in progress and other 131 143
5,078 4,544
Accumulated depreciation (3,524) (3,058)
$ 1,554 $ 1,486
F-30