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GR » Topics » Fair Values of Financial Instruments

This excerpt taken from the GR 10-K filed Feb 19, 2008.
Fair Values of Financial Instruments
 
The Company’s accounting policies with respect to financial instruments are described in Note 1, “Significant Accounting Policies”.


91

Table of Contents

 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
The carrying amounts of the Company’s significant balance sheet financial instruments and their fair values are presented below as of December 31:
 
                                 
    2007     2006  
    Carrying
 		    Fair
 		    Carrying
 		    Fair
 		 
    Value     Value     Value     Value  
    (Dollars in millions)  
 
Long-term debt
  $ 1,725.8     $ 1,836.2     $ 1,723.1     $ 1,867.7  
 
Derivative financial instruments at December 31, 2007 and 2006 were as follows:
 
                                 
    2007     2006  
    Contract/
 		          Contract/
 		       
    Notional
 		    Fair
 		    Notional
 		    Fair
 		 
    Amount     Value     Amount     Value  
    (Dollars in millions)  
 
Interest rate swaps
  $ 193.0     $ 2.1     $ 193.0     $ (2.6 )
Cash flow hedges
  $ 1,796.0     $ 151.8     $ 1,639.4     $ 85.2  
Other forward contracts
  $ 248.5     $ (2.8 )   $ 194.8     $ (0.3 )
 
This excerpt taken from the GR 10-K filed Feb 20, 2007.
Fair Values of Financial Instruments
 
The Company’s accounting policies with respect to financial instruments are described in Note 1, “Significant Accounting Policies”.


106

Table of Contents

 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

 
The carrying amounts of the Company’s significant balance sheet financial instruments and their fair values are presented below as of December 31:
 
                                 
    2006     2005  
    Carrying
 		    Fair
 		    Carrying
 		    Fair
 		 
    Value     Value     Value     Value  
    (Dollars in millions)  
 
Long-term debt
  $ 1,723.1     $ 1,867.7     $ 1,743.8     $ 1,902.6  
 
Derivative financial instruments at December 31, 2006 and 2005 were as follows:
 
                                 
    2006     2005  
    Contract/
 		          Contract/
 		       
    Notional
 		    Fair
 		    Notional
 		    Fair
 		 
    Amount     Value     Amount     Value  
    (Dollars in millions)  
 
Interest rate swaps
  $ 193.0     $ (2.6 )   $ 150.0     $ (4.4 )
Foreign currency forward contracts
  $ 1,639.4     $ 85.2     $ 1,148.4     $ 8.7  
 
This excerpt taken from the GR 10-K filed Feb 22, 2006.
Fair Values of Financial Instruments
 
The Company’s accounting policies with respect to financial instruments are described in Note 1 “Significant Accounting Policies.”
 
The carrying amounts of the Company’s significant balance sheet financial instruments and their fair values are presented below as of December 31:
 
                                 
    2005     2004  
    Carrying
 		    Fair
 		    Carrying
 		    Fair
 		 
    Value     Value     Value     Value  
    (Dollars in millions)  
 
Long-term debt
  $ 1,743.8     $ 1,902.6     $ 1,901.8     $ 2,136.4  
 
Derivative financial instruments at December 31, 2005 and 2004 were as follows:
 
                                 
    2005     2004  
    Contract/
 		          Contract/
 		       
    Notional
 		    Fair
 		    Notional
 		    Fair
 		 
    Amount     Value     Amount     Value  
    (Dollars in millions)  
 
Interest rate swaps
  $ 150.0     $ (4.4 )   $ 250.0     $ (1.1 )
Foreign currency forward contracts
  $ 1,148.4     $ 8.7     $ 712.8     $ 110.3  


111

 

 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

 

EXCERPTS ON THIS PAGE:

10-K
Feb 19, 2008
10-K
Feb 20, 2007
10-K
Feb 22, 2006

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