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This excerpt taken from the HSY 10-K filed Feb 19, 2010. 6. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES We classify derivatives as assets or liabilities on the balance sheet. Accounting for the change in fair value of the derivative depends on:
There are three types of hedging relationships:
As of December 31, 2009 and 2008, all of our derivative instruments were classified as cash flow hedges. The amount of net gains on cash flow hedging derivatives, including foreign exchange forward contracts and options, interest rate swap agreements and commodities futures contracts and options, expected to be reclassified into earnings in the next 12 months was approximately $54.0 million after tax as of December 31, 2009. This amount was primarily associated with commodities futures contracts. These excerpts taken from the HSY 10-K filed Feb 20, 2009. 5. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES We account for derivative instruments in accordance with SFAS No. 133, which requires us to recognize all derivative instruments at fair value. We classify derivatives as assets or liabilities on the balance sheet. Accounting for the change in fair value of the derivative depends on:
There are three types of hedging relationships:
As of December 31, 2008, all of our derivative instruments were classified as cash flow hedges. 5. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES classify derivatives as assets or liabilities on the balance sheet. Accounting for the change in fair value of the derivative depends on:
SIZE="2">There are three types of hedging relationships:
exposures. We enter into interest rate swaps and foreign exchange forward contracts and options for periods consistent with their related underlying exposures. We enter into commodities futures and options contracts for varying periods. Our commodities futures and options contracts are effective as hedges of market price risks associated with anticipated raw material purchases, energy requirements and transportation costs. 70 Table of ContentsTHE HERSHEY COMPANY ALIGN="center">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
We do not hold or issue derivative instruments for trading purposes and are not a party to any This excerpt taken from the HSY 10-K filed Feb 19, 2008. 5. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES We account for derivative instruments in accordance with SFAS No. 133. SFAS No. 133 requires us to recognize all derivative instruments at fair value. We classify the derivatives as assets or liabilities on the balance sheet. Accounting for the change in fair value of the derivative depends on:
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Table of ContentsTHE HERSHEY COMPANY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
There are three types of hedging relationships:
As of December 31, 2007, all of our derivative instruments were classified as cash flow hedges. This excerpt taken from the HSY 10-K filed Feb 23, 2007. 5. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES We account for derivative instruments in accordance with SFAS No. 133, as amended. SFAS No. 133, as amended, requires us to recognize all derivative instruments at fair value. We classify the derivatives as assets or liabilities on the balance sheet. Accounting for the change in fair value of the derivative depends on:
There are three types of hedging relationships:
As of December 31, 2006, all of our derivative instruments were classified as cash flow hedges. | EXCERPTS ON THIS PAGE:
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