Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Identifying Line items on Derivatives - Income Statement What does reclassified from AOCI to net income mean? What does trend does the derivatives not designated

Identifying Line items on Derivatives - Income Statement

What does "reclassified from AOCI to net income" mean?

What does trend does the "derivatives not designated as financial instruments" indicate?

image text in transcribed

2015 2016 2017 Cash flow hedges (a) Reclassified from AOCI to net income (239) S 537 $ 456 Fair value hedges Interest rate contracts Net interest settlements and accruals excluded from the assessment of hedge 367 4 effectiveness 370 217 Derivatives not designated as hedging instruments 257 Foreign currency exchange contracts Cross-cumrency interest rate swap contracts Interest rate contracts Commodity contracts 425 100 (58) (64) 537 S 103 58 74 245 398 1,561 $ (a) For 2015, 2016, and 2017, a $123 million gain, a $770 million gain, and a $134 million gain, respectively, were recorded in Other comprehensive income floss), net of tax. (b) For 2015, 2016, and 2017, hedge ineffectiveness reflects the net change in fair value on derivatives of $72 million gain, $120 million loss, and $268 million loss, respectively, and a change in value on hedged debt attributable to the change in benchmark interest rates of $69 million loss, $124 million gain, and $267 million gain, respectively

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Portfolio Of Marketing Audits Company Self Assessment Audits

Authors: David Crosby

1st Edition

1902433157, 978-1902433158

More Books

Students also viewed these Accounting questions

Question

Draw a labelled diagram of the Dicot stem.

Answered: 1 week ago

Question

6. Have you used solid reasoning in your argument?

Answered: 1 week ago