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DIS » Topics » Risk Management - Other Derivatives Not Designated as Hedges

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

Risk Management – Other Derivatives Not Designated as Hedges

The Company enters into certain other risk management contracts that are not designated as hedges and do not qualify for hedge accounting. These contracts, which include pay fixed interest rate swaps, commodity swap contracts and credit default swaps, are intended to offset economic exposures of the Company and are carried at market value with any changes in value recorded in earnings.

The notional amount of these contracts at October 3, 2009 and September 27, 2008 was $253 million and $266 million, respectively. The gains or losses recognized in income for fiscal 2009 and fiscal 2008 were not material.

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