HBI » Topics » Mark to Market Hedge

These excerpts taken from the HBI 10-K filed Feb 19, 2008.
Mark to Market Hedge
 
A derivative used as a hedging instrument whose change in fair value is recognized to act as an economic hedge against changes in the values of the hedged item is designated a mark to market hedge. For derivatives designated as mark to market hedges, changes in fair value are reported in earnings in the “Selling, general and administrative expenses” line of the Consolidated Statements of Income. Forward exchange contracts are recorded as mark to market hedges when the hedged item is a recorded asset or liability that is revalued in each accounting period, in accordance with SFAS No. 52, Foreign Currency Translation.
 
Mark to
Market Hedge



 



A derivative used as a hedging instrument whose change in fair
value is recognized to act as an economic hedge against changes
in the values of the hedged item is designated a mark to market
hedge. For derivatives designated as mark to market hedges,
changes in fair value are reported in earnings in the
“Selling, general and administrative expenses” line of
the Consolidated Statements of Income. Forward exchange
contracts are recorded as mark to market hedges when the hedged
item is a recorded asset or liability that is revalued in each
accounting period, in accordance with SFAS No. 52,
Foreign Currency Translation.


 




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 19, 2008
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