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DIS » Topics » Fair Value of Financial Instruments

This excerpt taken from the DIS 10-K filed Dec 2, 2009.

Fair Value of Financial Instruments

In addition to the financial instruments listed above, the Company’s financial instruments also include cash, cash equivalents, receivables, accounts payable and borrowings.

The fair values of cash and cash equivalents, receivables and accounts payable approximated the carrying values. The estimated year end fair values of other financial instruments subject to fair value disclosures, determined based on broker quotes or quoted market prices or interest rates for the same or similar instruments and the related carrying amounts are as follows:

 

       2009      2008

Asset/(Liability)

      Carrying
Amount		      Fair Value      Carrying
Amount		      Fair Value

Investments

        $ 78             $ 78             $ 74             $ 74     

Borrowings

            (12,701)                (12,643)                (14,639)                (14,848)    

Derivative contracts

        252             252             224             224     
This excerpt taken from the DIS 8-K filed Feb 3, 2009.

Fair Value of Financial Instruments

At September 27, 2008 and September 29, 2007, the Company’s financial instruments included cash, cash equivalents, investments, receivables, accounts payable, borrowings, and interest rate and foreign exchange risk management contracts.

At September 27, 2008 and September 29, 2007, the fair values of cash and cash equivalents, receivables and accounts payable approximated the carrying values. The estimated fair values of other financial instruments subject to fair value disclosures, determined based on broker quotes or quoted market prices or interest rates for the same or similar instruments and the related carrying amounts are as follows:

 

Asset/(Liability)

    2008     2007  
   Carrying
Amount		     Fair
Value		     Carrying
Amount		     Fair
Value		  

Investments

    $ 74     $ 74     $ 101     $ 101  

Borrowings

      (14,639 )     (14,848 )     (15,172 )     (15,594 )

Risk management contracts:

         

Foreign exchange forwards

    $ 59     $ 59     $ (85 )   $ (85 )

Foreign exchange options

      106       106       46       46  

Interest rate swaps

      85       85       25       25  

Cross-currency swaps

      (26 )     (26 )     —         —    
These excerpts taken from the DIS 10-K filed Nov 20, 2008.

Fair Value of Financial Instruments

At September 27, 2008 and September 29, 2007, the Company’s financial instruments included cash, cash equivalents, investments, receivables, accounts payable, borrowings, and interest rate and foreign exchange risk management contracts.

At September 27, 2008 and September 29, 2007, the fair values of cash and cash equivalents, receivables and accounts payable approximated the carrying values. The estimated fair values of other financial instruments subject to fair value disclosures, determined based on broker quotes or quoted market prices or interest rates for the same or similar instruments and the related carrying amounts are as follows:

 

       2008      2007

Asset/(Liability)

      Carrying
Amount		      Fair Value      Carrying
Amount		      Fair Value

Investments

        $ 74             $ 74             $ 101             $ 101     

Borrowings

            (14,639)                (14,848)                (15,172)                (15,594)    

Risk management contracts:

                    

Foreign exchange forwards

        $ 59             $ 59             $ (85)            $ (85)    

Foreign exchange options

        106             106             46             46     

Interest rate swaps

        85             85             25             25     

Cross-currency swaps

        (26)            (26)            —             —     

Fair Value of Financial Instruments

FACE="Times New Roman" SIZE="2">At September 27, 2008 and September 29, 2007, the Company’s financial instruments included cash, cash equivalents, investments, receivables, accounts payable, borrowings, and interest rate and foreign
exchange risk management contracts.

At September 27, 2008 and September 29, 2007, the fair values of cash and cash equivalents,
receivables and accounts payable approximated the carrying values. The estimated fair values of other financial instruments subject to fair value disclosures, determined based on broker quotes or quoted market prices or interest rates for the same
or similar instruments and the related carrying amounts are as follows:

 




































































































































     2008    2007

Asset/(Liability)

    Carrying
Amount		    Fair Value    Carrying
Amount		    Fair Value

Investments

      $74           $74           $101           $101     

Borrowings

         (14,639)             (14,848)             (15,172)             (15,594)    

Risk management contracts:

                

Foreign exchange forwards

      $59           $59           $(85)          $(85)    

Foreign exchange options

     106          106          46          46     

Interest rate swaps

     85          85          25          25     

Cross-currency swaps

     (26)         (26)         —          —     
This excerpt taken from the DIS 10-K filed Nov 21, 2007.

Fair Value of Financial Instruments

At September 29, 2007 and September 30, 2006, the Company’s financial instruments included cash, cash equivalents, investments, receivables, accounts payable, borrowings, and interest rate and foreign exchange risk management contracts.

At September 29, 2007 and September 30, 2006, the fair values of cash and cash equivalents, receivables and accounts payable approximated the carrying values. The estimated fair values of other financial instruments subject to fair value disclosures, determined based on broker quotes or quoted market prices or interest rates for the same or similar instruments and the related carrying amounts are as follows:

 

       2007      2006

Asset/(Liability)

      Carrying
Amount		      Fair Value      Carrying
Amount		      Fair Value

Investments

        $ 101             $ 101             $ 87             $ 87     

Borrowings

            (15,172)                (15,594)                (13,525)                (13,837)    

Risk management contracts:

                    

Foreign exchange forwards

        $ (98)            $ (98)            $ 49             $ 49     

Foreign exchange options

        (1)            (1)            1             1     

Interest rate swaps

        25             25             32             32     

Cross-currency swaps

        —             —             1             1     
This excerpt taken from the DIS 10-K filed Nov 22, 2006.

Fair Value of Financial Instruments

At September 30, 2006 and October 1, 2005, the Company’s financial instruments included cash, cash equivalents, investments, receivables, accounts payable, borrowings, and interest rate and foreign exchange risk management contracts.

At September 30, 2006 and October 1, 2005, the fair values of cash and cash equivalents, receivables and accounts payable approximated the carrying values. The estimated fair values of other financial instruments subject to fair value disclosures, determined based on broker quotes or quoted market prices or interest rates for the same or similar instruments and the related carrying amounts are as follows:

 

         2006        2005

Asset/(Liability)                                                 

    Carrying
    Amount    		    Fair
    Value    		    Carrying
    Amount    		    Fair
    Value    
        Investments      $         87       $         87       $         62       $         62 
        Borrowings      (13,525)      (13,837)      (12,467)      (12,733)
        Risk management contracts:            

        Foreign exchange forwards

      $ 49       $ 49       $         76       $         76 

        Foreign exchange options

      1       1       6       6 

        Interest rate swaps

      32       32       22       22 

        Cross-currency swaps

      1       1       3       3 
This excerpt taken from the DIS 10-K filed Dec 7, 2005.
Fair Value of Financial Instruments
      At October 1, 2005 and September 30, 2004, the Company’s financial instruments included cash, cash equivalents, investments, receivables, accounts payable, borrowings and interest rate and foreign exchange risk management contracts.

      At October 1, 2005 and September 30, 2004, the fair values of cash and cash equivalents, receivables and accounts payable approximated the carrying values because of the short-term nature of these instruments. The estimated fair values of other financial instruments subject to fair value

-116-

 

disclosures, determined based on broker quotes or quoted market prices or interest rates for the same or similar instruments and the related carrying amounts are as follows:
                                   
2005 2004
Carrying Fair Carrying Fair
Amount Value Amount Value
Investments
  $ 62     $ 62     $ 60     $ 60  
Borrowings
    (12,467 )     (12,733 )     (13,488 )     (13,811 )
Risk management contracts:
                               
 
Foreign exchange forwards
  $ 76     $ 76     $ (54 )   $ (54 )
 
Foreign exchange options
    6       6       (26 )     (26 )
 
Interest rate swaps
    22       22       66       66  
 
Cross-currency swaps
    3       3       86       86  

EXCERPTS ON THIS PAGE:

10-K
Dec 2, 2009
8-K
Feb 3, 2009
10-K (2 sections)
Nov 20, 2008
10-K
Nov 21, 2007
10-K
Nov 22, 2006
10-K
Dec 7, 2005

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