To our shareholders, customers, partners and employees
- Navigate this page:
- Fair Value Hedge Gains (Losses)
- Year Ended June 30, 2012
- Foreign Exchange Contracts
- Cash Flow Hedge Gains (Losses)
- Amount Excluded from Effectiveness Assessment and Ineffective Portion
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
|
|
|
|
|
|
| ||||||||||||||||||
|
Non-designated hedge derivatives: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other current liabilities |
|
$ |
(91 |
) |
|
$ |
(12 |
) |
|
$ |
(9 |
) |
|
$ |
(19 |
) |
|
$ |
(4 |
) |
|
$ |
(135 |
) |
|
Designated hedge derivatives: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other current liabilities |
|
$ |
(128 |
) |
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
(128 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Total liabilities |
|
$ |
(219 |
) |
|
$ |
(12 |
) |
|
$ |
(9 |
) |
|
$ |
(19 |
) |
|
$ |
(4 |
) |
|
$ |
(263 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See also Note 4 – Investments and Note 6 – Fair Value Measurements.
Fair Value Hedge Gains (Losses)
We recognized in other income (expense) the following gains (losses) on contracts designated as fair value hedges and their related hedged items:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In millions) |
|
|
|
|
|
|
|
|
| |||
|
|
| |||||||||||
|
|
|
|
| |||||||||
|
Year Ended June 30, |
|
2012 |
|
|
2011 |
|
|
2010 |
| |||
|
|
|
|
| |||||||||
|
Foreign Exchange Contracts |
|
|
|
|
|
|
|
|
| |||
|
|
|
|
| |||||||||
|
Derivatives |
|
$ |
52 |
|
|
$ |
(92 |
) |
|
$ |
(57 |
) |
|
Hedged items |
|
|
(50 |
) |
|
|
85 |
|
|
|
60 |
|
|
|
|
|
|
|
|
|
|
|
| |||
|
Total |
|
$ |
2 |
|
|
$ |
(7 |
) |
|
$ |
3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash Flow Hedge Gains (Losses)
We recognized the following gains (losses) on foreign exchange contracts designated as cash flow hedges (our only cash flow hedges during the periods presented):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In millions) |
|
|
|
|
|
|
|
|
| |||
|
|
| |||||||||||
|
|
|
|
| |||||||||
|
Year Ended June 30, |
|
2012 |
|
|
2011 |
|
|
2010 |
| |||
|
|
|
|
| |||||||||
|
Effective Portion |
|
|
|
|
|
|
|
|
| |||
|
|
|
|
| |||||||||
|
Gain (loss) recognized in OCI, net of tax effect of $127, $(340) and $188 |
|
$ |
236 |
|
|
$ |
(632 |
) |
|
$ |
349 |
|
|
Gain (loss) reclassified from OCI into revenue |
|
$ |
(27 |
) |
|
$ |
(7 |
) |
|
$ |
495 |
|
|
|
|
|
| |||||||||
|
Amount Excluded from Effectiveness Assessment and Ineffective Portion |
|
|
|
|
|
|
|
|
| |||
|
|
|
|
| |||||||||
|
Loss recognized in other income (expense) |
|
$ |
(231 |
) |
|
$ |
(276 |
) |
|
$ |
(174 |
) |
Directory: investor -> reports
reports -> United States Securities and Exchange Commission Washington, D. C. 20549 form 10-K
reports -> Dear shareholders, customers, partners and colleagues
reports -> United states
investor -> Microsoft Financial Analyst Meeting 2013 Engineer Leader Panel Moderator: Tami Reller Julie Larson-Green, Kirill Tatarinov, Qi Lu, Satya Nadella, Terry Myerson Bellevue, Washington September 19, 2013 chris suh
reports -> United States Securities and Exchange Commission Washington, D. C. 20549 form 10-K
reports -> Dear shareholders, customers, partners and colleagues
reports -> United states
investor -> Microsoft Financial Analyst Meeting 2013 Engineer Leader Panel Moderator: Tami Reller Julie Larson-Green, Kirill Tatarinov, Qi Lu, Satya Nadella, Terry Myerson Bellevue, Washington September 19, 2013 chris suh
Download 2.56 Mb.
Share with your friends:
