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Table of Contents DELL INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Fair Value of Derivative Instruments in the Consolidated Statements of Financial Position
Dell presents its foreign exchange derivative instruments on a net basis in the Consolidated Statements of Financial Position due to the right of offset by its
counterparties under master netting arrangements. The fair value of those derivative instruments presented on a gross basis as of each date indicated below is
as follows:
February 3, 2012
Other Current
Assets Other Non-
Current Assets Other Current
Liabilities Other Non-Current
Liabilities Total
Fair Value
(in millions)
Derivatives Designated as Hedging Instruments
Foreign exchange contracts in an asset position $ 266 $ — $ 2 $ — $ 268
Foreign exchange contracts in a liability position (140) — (7) — (147)
Interest rate contracts in an asset position — 8 — — 8
Interest rate contracts in a liability position — — — (3) (3)
Net asset (liability) 126 8 (5) (3) 126
Derivatives not Designated as Hedging Instruments
Foreign exchange contracts in an asset position 67 — 1 — 68
Foreign exchange contracts in a liability position (61) — (10) — (71)
Net asset (liability) 6 — (9) — (3)
Total derivatives at fair value $ 132 $ 8 $ (14) $ (3) $ 123
January 28, 2011
Other Current
Assets Other Non-
Current Assets Other Current
Liabilities Other Non-Current
Liabilities Total
Fair Value
(in millions)
Derivatives Designated as Hedging Instruments
Foreign exchange contracts in an asset position $ 81 $ 1 $ 34 $ — $ 116
Foreign exchange contracts in a liability position (86) — (59) — (145)
Interest rate contracts in a liability position — — — (2) (2)
Net asset (liability) (5) 1 (25) (2) (31)
Derivatives not Designated as Hedging Instruments
Foreign exchange contracts in an asset position 52 — 15 — 67
Foreign exchange contracts in a liability position (21) — (15) — (36)
Interest rate contracts in a liability position — — — (1) (1)
Net asset (liability) 31 — — (1) 30
Total derivatives at fair value $ 26 $ 1 $ (25) $ (3) $ (1)
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