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This excerpt taken from the HBI 8-K filed Nov 29, 2006. Natural
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 natural hedge.
For derivatives designated as natural hedges, changes in fair
value are reported in earnings in the Selling, general and
administrative expenses line of the Combined and
Consolidated Statements of Income. Forward exchange contracts
are recorded as natural 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.
This excerpt taken from the HBI 10-K filed Sep 28, 2006. Natural
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 natural hedge.
For derivatives designated as natural hedges, changes in fair
value are reported in earnings in the Selling, general and
administrative expenses line of the Combined and
Consolidated Statements of Income. Forward exchange contracts
are recorded as natural 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.
This excerpt taken from the HBI 8-K filed Sep 5, 2006. Natural 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 natural hedge. For derivatives designated as natural hedges, changes in fair value are reported in earnings in the Selling, general and administrative expenses line of the Combined and Consolidated Statements of Income. Forward exchange contracts are recorded as natural 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.
F-14
Table of ContentsHANESBRANDS Notes to Combined and Consolidated Financial Statements(Continued) (dollars in thousands, except per share data)
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