X hits on this document

190 views

0 shares

0 downloads

0 comments

12 / 78

Cash flow hedges: Foreign exchange contracts

Net investment hedges: Foreign exchange contracts

Total

$

(282)

$

62

$

(539)

$

13

(14)

2

0

0

$

(296)

$

64

$

(539)

$

13

March 26,

March 27,

March 26,

March 27,

March 26,

March 27,

2011

2010

2011 (c)

2010 (d)

Location

2011

2010

Other income $ and expense

(119)

$

(38)

Other income and expense

0

0

$

(38)

Gains/(Losses) Recognized in OCI - Effective Portion (e)

(119)

$

Six Month Periods Gains/(Losses) Reclassified from AOCI into Income - Effective Portion (e)

Gains/(Losses) Recognized - Ineffective Portion and Amount Excluded from Effectiveness Testing

  • (a)

    Includes gains/(losses) reclassified from AOCI into income for the effective portion of cash flow hedges, of which $(24) million and $(66) million were recognized within net sales and cost of sales, respectively, within the Condensed Consolidated Statement of Operations for the three months ended March 26, 2011. There were no amounts reclassified from AOCI into income for the effective portion of net investment hedges for the three months ended March 26, 2011.

  • (b)

    Includes gains/(losses) reclassified from AOCI into income for the effective portion of cash flow hedges, of which $29 million and $4 million were recognized within net sales and cost of sales, respectively, within the Condensed Consolidated Statement of Operations for the three months ended March 27, 2010. There were no amounts reclassified from AOCI into income for the effective portion of net investment hedges for the three months ended March 27, 2010.

  • (c)

    Includes gains/(losses) reclassified from AOCI into income for the effective portion of cash flow hedges, of which $(281) million and $(258) million were recognized within net sales and cost of sales, respectively, within the Condensed Consolidated Statement of Operations for the six months ended March 27, 2011. There were no amounts reclassified from AOCI into income for the effective portion of net investment hedges for the six months ended March 27, 2011.

  • (d)

    Includes gains/(losses) reclassified from AOCI into income for the effective portion of cash flow hedges, of which $31 million and ($18) million were recognized within net sales and cost of sales, respectively, within the Condensed Consolidated Statement of Operations for the six months ended March 27, 2010. There were no amounts reclassified from AOCI into income for the effective portion of net investment hedges for the six months ended March 27, 2010.

  • (e)

    Refer to Note 5, “Shareholders’ Equity and Stock-Based Compensation” of this Form 10-Q, which summarizes the activity in AOCI related to derivatives.

Accounts Receivable

The Company has considerable trade receivables not covered by collateral, third-party financing arrangements or credit insurance outstanding with its third-party cellular network carriers, wholesalers, retailers, value-added resellers, small and mid-sized businesses, and education, enterprise and government customers. Trade receivables from two of the Company’s customers accounted for 12% and 10% of trade receivables as of March 26, 2011. Trade receivables from two of the Company’s customers accounted for 15% and 12% of trade receivables as of September 25, 2010. The Company’s cellular network carriers accounted for 64% of trade receivables as of March 26, 2011 and September 25, 2010. Additionally, the Company has non-trade receivables from certain of its manufacturing vendors. Vendor non-trade receivables from two of the Company’s vendors accounted for 53% and 25% of non-trade receivables as of March 26, 2011 and two of the Company’s vendors accounted for 57% and 24% of non-trade receivables as of September 25, 2010.

12

Document info
Document views190
Page views190
Page last viewedThu Dec 08 21:19:36 UTC 2016
Pages78
Paragraphs2205
Words41504

Comments