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This excerpt taken from the HBI 10-Q filed May 11, 2009. Cash
Flow Hedges
A hedge of a forecasted transaction or of the variability of
cash flows to be received or paid related to a recognized asset
or liability is designated as a cash flow hedge. The effective
portion of the change in the fair value of a derivative that is
designated as a cash flow hedge is recorded in the
“Accumulated other comprehensive loss” line of the
Condensed Consolidated Balance Sheets. When the impact of the
hedged item is recognized in the income statement, the gain or
loss included in accumulated other comprehensive income (loss)
is reported on the same line in the Condensed Consolidated
Statements of Income as the hedged item.
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