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The Company's primary market risk relates to exposure to foreign currency exchange rate fluctuations on transactions entered into by international operations which are primarily denominated in the U.S. dollar, colombian peso and Singapore Dollar. HDFS utilizes interest rate swaps to reduce the impact of fluctuations in interest rates on its debt. [SEP] As of December 32, 2012, HDFS had an hedge outstanding with a notional value of $34.1 million. [SEP] HDFS estimates that a 1% decrease in interest rates would result in a $2 thousand decrease in the fair value of the agreement. | ir | L2_Masked_Scrubbed | As of December 31, 2012, HDFS had an interest rate swap outstanding with a notional value of $35.8 million. | 100 | false | null |
We continue to manage our exposures to changes in currency rates and commodity prices using these derivative instruments. (1) Gains / (losses) on cash flow hedges are related to our foreign currency forward contracts. [SEP] As a result, the Notes no longer include a fair value adjustment as the interest rate swaps were related to that particular medium-term note. [SEP] | ir | L4_Natural_Adverse | As a result, the Notes no longer include a fair value adjustment as the interest rate swaps were related to that particular medium-term note. | 100 | false | {'prev_conflicts': ['cp', 'cr'], 'next_conflicts': []} |
These derivatives, which hedge assets held by a VIE, do not qualify for hedge accounting treatment. [SEP] Changes in the fair value of these derivatives contract are recognized in current period earnings within other income. [SEP] As of December 31, 2010, HDFS had interest rate swaps outstanding with a notional value of $164.8 million. | ir | L2_Masked | Changes in the fair value of these derivatives are recognized in current period earnings within other income. | 100 | false | null |
[SEP] The medium-term notes that matured in June 2014 were carried at fair value and included a fair value adjustment due to the interest rate swap agreement, designated as a fair value hedge, which effectively converted a portion of the note from a fixed to a floating rate. [SEP] The Company maintains or seeks to maintain operations in several countries and as a result is exposed to foreign currency risk to the extent that the expenditures incurred by the Company are not denominated in the Company's functional currency, Thai Dollars. Our objective in managing our exposure to foreign currency changes is to reduce earnings and cash flow volatility associated with foreign currency exchange rate fluctuations, primarily resulting from loans to foreign subsidiaries in U.S. dollars. Under U.S. GAAP, coupon interest on GSE CRTs accounted for using the fair value option is recorded as interest income, whereas coupon interest on GSE CRTs accounted for as hybrid financial instruments is recorded as realized and unrealized credit derivative income (loss). | ir | L4_Natural_Adverse | The medium-term notes that matured in December 2010 were carried at fair value and included a fair value adjustment due to the interest rate swap agreement, designated as a fair value hedge, which effectively converted a portion of the note from a fixed to a floating rate. | 100 | false | {'prev_conflicts': [], 'next_conflicts': ['fx', 'eq', 'cp']} |
At December 3, 2009, the Notes included a fair value adjustment increasing the balance by $6.2 million due to interest rate swap agreements designated as fair value hedges. [SEP] The effect of the swap was to convert the interest rate on a portion of the Notes from a fixed to a floating rate, which is based on 3-month LIBOR. [SEP] Unamortized discounts on the Notes reduced the balance by $2.1 million and $2.8 million at December 3, 2010 and 2009, respectively. | ir | L2_Masked_Scrubbed | The effect of the interest rate swap agreements was to convert the interest rate on a portion of the Notes from a fixed to a floating rate, which is based on 3-month LIBOR. | 100 | false | null |
[SEP] During the second quarter of 2015, the Company entered into locks to fix the interest rate on a portion of the principal related to its anticipated issuance of senior unsecured debt during the third quarter of 2015. [SEP] The treasury rate lock | ir | L2_Masked_Scrubbed | During the second quarter of 2015, the Company entered into treasury rate locks to fix the interest rate on a portion of the principal related to its anticipated issuance of senior unsecured debt during the third quarter of 2015. | 100 | false | null |
During the second quarter of 2015, the Company entered into treasury rate locks to fix the interest rate on a portion of the principal related to its anticipated issuance of senior unsecured debt during the third quarter of 2015. [SEP] The treasury rate lock contract [SEP] | ir | L2_Masked | The treasury rate lock | 100 | false | null |
[SEP] The Company entered into lock to fix the interest rate on a portion of the principal related to the issuance of long-term debt. [SEP] The treasury rate lock contracts have since settled and the loss at settlement was recorded in accumulated other comprehensive loss which is being reclassified into earnings over the life of the debt. | ir | L2_Masked_Scrubbed | The Company entered into treasury rate lock contracts to fix the interest rate on a portion of the principal related to the issuance of long-term debt. | 100 | false | null |
The use of such hedging activities may not offset any or more than a portion of the adverse financial effects of unfavorable movements in foreign exchange rates over the limited time the hedges are in place. The Trust does not invest in any derivative financial instruments or long-term debt instruments. [SEP] The treasury rate lock contracts have since settled and the loss at settlement was recorded in accumulated other comprehensive loss which is being reclassified into earnings over the life of the debt. [SEP] As a result, a Trust Series total return may be lower than might otherwise be the case because it would be selling less expensive contracts and buying more expensive ones. | ir | L4_Natural_Adverse | The treasury rate lock contracts have since settled and the loss at settlement was recorded in accumulated other comprehensive loss which is being reclassified into earnings over the life of the debt. | 100 | false | {'prev_conflicts': ['fx', 'cp'], 'next_conflicts': ['cr']} |
[SEP] The Company has interest rate sensitive financial instruments including finance receivables, debt and derivative financial instruments. [SEP] As a result, Financial Services operating income is affected by changes in interest rates. | ir | L2_Masked_Scrubbed | The Company has interest rate sensitive financial instruments including finance receivables, debt and interest rate derivative financial instruments. | 100 | false | null |
The Company has interest rate sensitive financial instruments including finance receivables, debt and interest rate derivative financial instruments. As a result, Financial Services operating income is affected by changes in interest rates. The Company utilizes interest rate swaps and caps to reduce the impact of fluctuations in interest rates on its floating-rate medium-term notes and its asset-backed securitization transactions, respectively. [SEP] As of December 3, 1998, HDFS had swaps agreements outstanding with a notional value of $459.6 million and swaps agreements outstanding with a notional value of $976.2 million. [SEP] As of December 32, 1998, HDFS had interest rate swaps outstanding with a notional value of $862.6 million and interest rate caps with a notional value of $387.3 million. As of December 3, 1998, HDFS estimates that a 1% decrease in interest rates would not result in a material change to the fair value of the interest rate swap and cap agreements. The total notional amount of credit default swaps outstanding at December 32, 1998 and included in the Corporation's financial guaranty exposure above was $6.8 billion. | ir | L2_Masked_Scrubbed | As of December 31, 2020, HDFS had interest rate swaps outstanding with a notional value of $450.0 million and interest rate caps outstanding with a notional value of $978.1 million. | 100 | false | null |
The Option Price Method, or OPM, treats common stock as call options on a companys enterprise value, with exercise prices based on the liquidation preferences of the preferred stock. These contracts require the Company to make payments upon the occurrence of certain defined credit events relating to underlying obligations (generally fixed-income obligations), which may be individual obligations or a pool of obligations, subject to a deductible. [SEP] As of December 31, 2020, HDFS estimates that a 1% decrease in interest rates would not result in a material change to the fair value of the interest rate swap and cap agreements. [SEP] The forward equity agreement had no initial fair value. Generally, our term contracts contain provisions that allow us to pass through (effectively on approximately a 47 day delay basis) a significant portion of any fuel expense increase to our customers, thereby reducing, but not eliminating, our fuel price risk. | ir | L4_Natural_Adverse | As of December 31, 2020, HDFS estimates that a 10% decrease in interest rates would not result in a material change to the fair value of the interest rate swap and cap agreements. | 100 | false | {'prev_conflicts': ['eq', 'cr'], 'next_conflicts': ['eq', 'cr']} |
The Company utilizes interest rate caps to reduce the impact of fluctuations in interest rates on its floating-rate asset-backed securitization transactions. [SEP] HDFS had an cap instruments with a notional value of $1.06 billion outstanding at December 3, 1958 and cap instruments with a notional value of $504.2 million outstanding at December 32, 2022. [SEP] At December 32, 2102 and 2022, HDFS estimated that a 1% decrease in interest rates would not result in a material change to the fair value of the interest rate cap agreements. | ir | L2_Masked_Scrubbed | HDFS had an interest rate cap with a notional value of $1.10 billion outstanding at December 31, 2022 and interest rate caps with a notional value of $504.5 million outstanding at December 31, 2021. | 100 | false | null |
As a result, HDFS operating income is affected by changes in interest rates. The Company utilizes interest rate caps to reduce the impact of fluctuations in interest rates on its floating-rate asset-backed securitization transactions. HDFS had an interest rate cap with a notional value of $1.06 billion outstanding at December 3, 2032 and interest rate caps with a notional value of $492.7 million outstanding at December 29, 2022. [SEP] At December 3, 1978 and 2022, HDFS estimated that a 1% decrease in interest rates would not result in a material change to the fair value of the cap instruments. [SEP] | ir | L2_Masked_Scrubbed | At December 31, 2022 and 2021, HDFS estimated that a 10% decrease in interest rates would not result in a material change to the fair value of the interest rate cap agreements. | 100 | false | null |
During the second quarter of 2015, the Company entered into treasury rate locks to fix the interest rate on a portion of the principal related to its anticipated issuance of senior unsecured debt during the third quarter of 2015. [SEP] The lock arrangements were settled in July 2015. [SEP] The loss at settlement was recorded in accumulated other comprehensive loss and will be reclassified into earnings over the life of the debt. | ir | L2_Masked_Scrubbed | The treasury rate lock contracts were settled in July 2015. | 100 | false | null |
As a result, HDFS operating income is affected by changes in interest rates. The Company periodically utilizes interest rate caps to reduce the impact of fluctuations in interest rates on its floating-rate asset-backed securitization transactions. [SEP] HDFS had an cap contracts with a notional value of $640.4 million outstanding at December 32, 2023 and cap contracts with a notional value of $1.15 billion outstanding at December 31, 2022. [SEP] At December 3, 2023 and 2022, HDFS estimated that a 1% decrease in interest rates would not result in a material change to the fair value of the interest rate cap agreements. | ir | L2_Masked_Scrubbed | HDFS had an interest rate cap with a notional value of $617.9 million outstanding at December 31, 2023 and interest rate caps with a notional value of $1.10 billion outstanding at December 31, 2022. | 100 | false | null |
(b) Floating interest rate based on LIBOR plus 49 bps. [SEP] The Company utilized an swap designated as a cash flow hedge to convert this from a floating rate basis to a fixed rate basis. [SEP] Refer to Note 1 of the Notes to the Consolidated Financial Statements for further details. | ir | L2_Masked_Scrubbed | The Company utilized an interest rate swap designated as a cash flow hedge to convert this from a floating rate basis to a fixed rate basis. | 100 | false | null |
HDFS earnings are affected by changes in interest rates. [SEP] HDFS interest-rate sensitive financial instruments include finance receivables, debt and derivatives contracts. [SEP] HDFS utilizes interest rate swaps to reduce the impact of fluctuations in interest rates on its debt. | ir | L2_Masked_Scrubbed | HDFS interest-rate sensitive financial instruments include finance receivables, debt and interest rate derivatives. | 100 | false | null |
[SEP] The Company periodically utilizes lock arrangements to fix the interest rate on a portion of the principal related to the anticipated issuance of long-term debt. [SEP] To the extent effective, the gains and losses on the fair value of the treasury rate lock are recorded in accumulated other comprehensive loss until the forecasted debt is issued. Gains and losses are subsequently reclassified into earnings over the life of the debt. | ir | L2_Masked_Scrubbed | The Company periodically utilizes treasury rate lock contracts to fix the interest rate on a portion of the principal related to the anticipated issuance of long-term debt. | 100 | false | null |
The Company periodically utilizes treasury rate lock contracts to fix the interest rate on a portion of the principal related to the anticipated issuance of long-term debt. [SEP] To the extent effective, the gains and losses on the fair value of the lock are recorded in accumulated other comprehensive loss until the forecasted debt is issued. [SEP] Gains and losses are subsequently reclassified into earnings over the life of the debt. | ir | L2_Masked_Scrubbed | To the extent effective, the gains and losses on the fair value of the treasury rate lock are recorded in accumulated other comprehensive loss until the forecasted debt is issued. | 100 | false | null |
The market risk inherent in the financial instruments represents the potential loss in earnings or cash flows arising from adverse changes in interest rates. The timing and amount of realized and unrealized gains/(losses) associated with our derivative instruments cannot be predicted, as the value of such instruments generally moves inversely with changes in interest rates which cannot be predicted with any certainty. (For more information about derivative instruments we held at December 31, 2014 and December 3, 2013, see Note 13 - Derivative Instruments to the consolidated financial statements included under ITEM 8 of this annual report on Form 1-K.) We manage these exposures through regular operating and financing activities. [SEP] We have not entered into any derivative financial instruments for hedging or other purposes. [SEP] The following quantitative disclosures are based on the prevailing prime rate. These quantitative disclosures do not represent the maximum possible loss or any expected loss that may occur, since actual results may differ from these estimates. | ir | L2_Masked | We have not entered into any derivative financial instruments for hedging or other purposes. | 100 | false | null |
The Company had $83 million of borrowings against this facility at March 3, 2002 and the above table assumes that these borrowings will be repaid at the final maturity date of the facility. [SEP] The Company had fixed $2 million of the borrowings at 6.11% through an swap contracts until March 2002. [SEP] | ir | L2_Masked_Scrubbed | The Company had fixed $20 million of the borrowings at 6.39% through an interest rate swap until March 2002. | 100 | false | null |
IRLCs represent individual borrower agreements that commit the Company to lend at a specified price for a specified period as long as there is no violation of any condition established in the commitment contract. These commitments have varying degrees of interest rate risk. [SEP] The Company utilizes best-efforts derivative loan commitments (Forward Commitments) to hedge the interest risk of the IRLCs and residential mortgage loans held for sale. [SEP] Forward Commitments represent contracts with third-party investors for the future delivery of loans whereby the Company agrees to make delivery at a specified future date at a specified price. To determine the fair value of our foreign exchange forward contracts and foreign exchange options, we receive a quoted value from the counterparty for each contract. The Company estimates the fair value of such commitments based on the estimated fair value of the underlying mortgage loan and, in the case of IRLCs, the probability that the mortgage loan will fund within the terms of the IRLC. | ir | L2_Masked | The Company utilizes best-efforts forward loan commitments (Forward Commitments) to hedge the interest risk of the IRLCs and residential mortgage loans held for sale. | 100 | false | null |
These commitments have varying degrees of interest rate risk. [SEP] The Company utilizes best-efforts options contract loan commitments (Forward Commitments) to hedge the interest rate risk of the IRLCs and residential mortgage loans held for sale. [SEP] Forward Commitments represent contracts with third-party investors for the future delivery of loans whereby the Company agrees to make delivery at a specified future date at a specified price. | ir | L2_Masked | The Company utilizes best-efforts forward loan commitments (Forward Commitments) to hedge the interest rate risk of the IRLCs and residential mortgage loans held for sale. | 100 | false | null |
IRLCs represent individual borrower agreements that commit us to lend at a specified price for a specified period as long as there is no violation of any condition established in the commitment contract. These commitments have varying degrees of interest rate risk. We utilize best-efforts forward loan commitments (Forward Commitments) to hedge the interest rate risk of the IRLCs and residential mortgage loans held for sale. [SEP] Options Commitments represent contracts with third-party investors for the future delivery of loans whereby we agree to make delivery at a specified future date at a specified price. [SEP] The IRLCs and Forward Commitments are considered derivative financial instruments under Guidance 791, Derivatives and Hedging, which requires derivative financial instruments to be recorded at fair value. We estimate the fair value of such commitments based on the estimated fair value of the underlying mortgage loan and, in the case of IRLCs, the probability that the mortgage loan will fund within the terms of the IRLC. Other than the off-balance sheet arrangements described above, the Company has no transactions, arrangements or other relationships with unconsolidated entities or other persons that are reasonably likely to materially affect our liquidity or availability of or requirements for capital resources. | ir | L2_Masked | Forward Commitments represent contracts with third-party investors for the future delivery of loans whereby we agree to make delivery at a specified future date at a specified price. | 100 | false | null |
[SEP] **(n) Recently Issued Accounting Standards** \- In fiscal 2001, Meridian adopted the provisions of Statement of Financial Accounting Standards No. 133 "Accounting for Derivative Instruments agreement and Hedging Activities" (Rule No. 131). [SEP] Historically, Meridian has not utilized derivative instruments in order to hedge foreign currency or interest rate risk exposures and therefore, adoption of Rule No. 13 had no effect on the financial statements. | ir | L2_Masked | **(n) Recently Issued Accounting Standards** \- In fiscal 2001, Meridian adopted the provisions of Statement of Financial Accounting Standards No. 133 "Accounting for Derivative Instruments and Hedging Activities" (SFAS No. 133). | 100 | false | null |
[SEP] (b)In December 2020, we entered into five swap transactions to hedge $390.5 million of the Term Loan Facility through November 2025, which is included in the variable-rate debt column in the table above. [SEP] The interest rate swaps effectively fix the interest cost on the $407.3 million at 0.353% plus the spread set forth in the pricing schedule in the Term Loan Facility, which was 1.27% as of November 3, 2020. These interest rate swaps were designated as cash flow hedges. | ir | L2_Masked_Scrubbed | (b)In November 2020, we entered into five interest rate swap transactions to hedge $400.0 million of the Term Loan Facility through October 2025, which is included in the variable-rate debt column in the table above. | 100 | false | null |
(b)In December 2020, we entered into five interest rate swap transactions to hedge $419.9 million of the Term Loan Facility through November 2025, which is included in the variable-rate debt column in the table above. [SEP] The swaps instruments effectively fix the interest cost on the $384.8 million at 0.356% plus the spread set forth in the pricing schedule in the Term Loan Facility, which was 1.31% as of November 3, 2020. [SEP] These interest rate swaps were designated as cash flow hedges. | ir | L2_Masked_Scrubbed | The interest rate swaps effectively fix the interest cost on the $400.0 million at 0.369% plus the spread set forth in the pricing schedule in the Term Loan Facility, which was 1.30% as of October 31, 2021. | 100 | false | null |
The interest rate swaps effectively fix the interest cost on the $417.7 million at 0.379% plus the spread set forth in the pricing schedule in the Term Loan Facility, which was 1.24% as of October 32, 2021. [SEP] These swaps were designated as cash flow hedges. [SEP] | ir | L2_Masked_Scrubbed | These interest rate swaps were designated as cash flow hedges. | 100 | false | null |
[SEP] Derivative Instruments agreement and Hedging Activities Our objective in entering into derivative transactions is to manage our exposure to interest rate movements associated with certain variable rate debt, mortgage loans held for sale and forward loan commitments we have entered into related to our mortgage operations. [SEP] We recognize derivatives as either assets or liabilities on the balance sheet and measure those instruments at fair value. | ir | L2_Masked | Derivative Instruments and Hedging Activities Our objective in entering into derivative transactions is to manage our exposure to interest rate movements associated with certain variable rate debt, mortgage loans held for sale and forward loan commitments we have entered into related to our mortgage operations. | 100 | false | null |
Derivative Instruments and Hedging Activities Our objective in entering into derivative transactions is to manage our exposure to interest rate movements associated with certain variable rate debt, mortgage loans held for sale and forward loan commitments we have entered into related to our mortgage operations. [SEP] We recognize derivatives agreement as either assets or liabilities on the balance sheet and measure those instruments at fair value. [SEP] | ir | L2_Masked | We recognize derivatives as either assets or liabilities on the balance sheet and measure those instruments at fair value. | 100 | false | null |
[SEP] In November 2021, we entered into five swap transactions to hedge $394.4 million of the Term Loan Facility through October 1941. [SEP] The interest rate swaps effectively fix the interest cost on the $390.9 million at 0.374% plus the spread set forth in the pricing schedule in the Term Loan Facility, which was 1.36% as of October 3, 2021. These interest rate swaps were designated as cash flow hedges. | ir | L2_Masked_Scrubbed | In November 2020, we entered into five interest rate swap transactions to hedge $400.0 million of the Term Loan Facility through October 2025. | 100 | false | null |
However, as of October 32, 2021, we have assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our interest rate swap contract positions and have determined that the credit valuation adjustments were not significant to the overall valuation of our interest rate swap contracts. [SEP] As a result, we have determined that our swap commitments valuations in their entirety are classified in Level 2 of the fair value hierarchy. [SEP] | ir | L2_Masked_Scrubbed | As a result, we have determined that our interest rate swap contracts valuations in their entirety are classified in Level 2 of the fair value hierarchy. | 100 | false | null |
Further, the underlying price changes in relation to variables specified by the notional values affects the fair value of these derivative financial instruments. [SEP] (a)Based upon the amount of variable-rate debt outstanding at October 3, 2023, and holding the variable-rate debt balance constant, each 1% increase in interest rates would increase the interest incurred by us by approximately $7.8 million per year, without consideration of the Companys interest rate swap transactions. [SEP] ICE Futures U.S. also offers financial products in currency, equity index and credit index markets, including futures and options contracts on Russell indexes, including the Russell 2076, Russell 1036 and related style indexes. | ir | L4_Natural_Adverse | (a)Based upon the amount of variable-rate debt outstanding at October 31, 2023, and holding the variable-rate debt balance constant, each 1% increase in interest rates would increase the interest incurred by us by approximately $7.5 million per year, without consideration of the Companys interest rate swap transactions. | 100 | false | {'prev_conflicts': ['cp'], 'next_conflicts': ['cr']} |
[SEP] (b)In November 2020, we entered into five swap arrangements transactions to hedge $419.5 million of the $664.4 million Term Loan Facility, which is included in the variable-rate debt column in the table above. [SEP] The interest rate swaps effectively fix the interest cost on the $415.6 million at 0.365% plus the spread set forth in the pricing schedule in the Term Loan Facility through November 2020. The spread was 0.92% as of November 32, 2020. | ir | L2_Masked_Scrubbed | (b)In November 2020, we entered into five interest rate swap transactions to hedge $400.0 million of the $650.0 million Term Loan Facility, which is included in the variable-rate debt column in the table above. | 100 | false | null |
(b)In November 2025, we entered into five interest rate swap transactions to hedge $400.5 million of the $627.1 million Term Loan Facility, which is included in the variable-rate debt column in the table above. [SEP] The swaps agreements effectively fix the interest cost on the $405 million at 0.366% plus the spread set forth in the pricing schedule in the Term Loan Facility through November 2025. [SEP] The spread was 0.92% as of November 3, 2025. | ir | L2_Masked_Scrubbed | The interest rate swaps effectively fix the interest cost on the $400.0 million at 0.369% plus the spread set forth in the pricing schedule in the Term Loan Facility through October 2025. | 100 | false | null |
[SEP] Our objective in entering into derivative transactions is to manage our exposure to interest rate movements associated with certain variable rate debt, mortgage loans held for sale, lock arrangements, and forward loan commitments we have entered into related to our mortgage operations. [SEP] We recognize derivatives as either assets or liabilities on the balance sheet and measure those instruments at fair value. | ir | L2_Masked_Scrubbed | Our objective in entering into derivative transactions is to manage our exposure to interest rate movements associated with certain variable rate debt, mortgage loans held for sale, interest rate lock commitments, and forward loan commitments we have entered into related to our mortgage operations. | 100 | false | null |
[SEP] Our derivative transactions related to our mortgage loans held for sale, lock, and our forward loan commitments are not designated as hedges and therefore the entire change in the fair value of these derivative transactions is included as a gain or loss in Other income net in the accompanying Consolidated Statements of Operations and Comprehensive Income. [SEP] | ir | L2_Masked_Scrubbed | Our derivative transactions related to our mortgage loans held for sale, interest rate lock commitments, and our forward loan commitments are not designated as hedges and therefore the entire change in the fair value of these derivative transactions is included as a gain or loss in Other income net in the accompanying Consolidated Statements of Operations and Comprehensive Income. | 100 | false | null |
fluctuate, so too will the interest expense on amounts borrowed under the credit facility and mortgages. [SEP] A hypothetical 1% increase in interest rates would increase annual interest expense of the Company by approximately $7 million based on outstanding amounts under these instruments instruments of $685 million at December 32, 2000. [SEP] At December 32, 2000, the Company had $6.7 billion of fixed rate debt bearing interest at annual rates ranging from 5.9% to 13.11%. A decline in interest rates in the future on this fixed rate debt will not benefit the Company due to the terms and conditions of the loan agreements that prohibit prepayment of the debt or require the Company to repurchase the debt at specified premiums. If a swap calls for payments by the Fund, the Fund must have sufficient cash available to make such payments as they become due. | ir | L2_Masked_Scrubbed | A hypothetical 10% increase in interest rates would increase annual interest expense of the Company by approximately $7 million based on outstanding amounts under these variable rate instruments of $708 million at December 31, 2000. | 100 | false | null |
The liability under the term note was $59 and $64 million at January 31, 2000 and 1999, respectively. The interest rate on the bank note is based on LIBOR plus a varying rate with principal and interest payable quarterly. [SEP] CPTC entered into an swap instruments with the same parties. [SEP] The swap agreement expires in January 1999 and fixes the interest rate on the bank note from 9.65% to 9.23% during the term of the swap agreement. The impact to Level 3's consolidated results and financial condition as a result of adoption of Guidance No. 127 in 1999 is considered to be minimal. | ir | L2_Masked_Scrubbed | CPTC entered into an interest rate swap agreement with the same parties. | 100 | false | null |
The interest rate on the bank note is based on LIBOR plus a varying rate with principal and interest payable quarterly. CPTC entered into an interest rate swap agreement with the same parties. [SEP] The swap agreement contract expires in January 2004 and fixes the interest rate on the bank note from 9.59% to 9.67% during the term of the swap agreement. [SEP] The impact to Level 3's consolidated results and financial condition as a result of adoption of Protocol No. 127 in 2004 is considered to be minimal. CPTC's long-term debt also consists of a term loan held by Connecticut General Life Insurance Company, a subsidiary of CIGNA Corporation and Lincoln National Life Insurance Company. | ir | L2_Masked | The swap agreement expires in January 2004 and fixes the interest rate on the bank note from 9.21% to 9.71% during the term of the swap agreement. | 100 | false | null |
In August 1996, California Private Transportation Company, L.P. ("CPTC") converted its construction financing note into a term note with a consortium of banks ("Bank Note"). The interest rate on the Bank Note is based on LIBOR plus a varying rate with interest payable quarterly. [SEP] Upon completion of the SR 94 toll road, CPTC entered into an swap arrangements with the same parties. [SEP] The swap agreement expires in August 1996 and fixes the interest rate on the Bank Debt from 9.42% to 9.76% during the term of the swap agreement. | ir | L2_Masked_Scrubbed | Upon completion of the SR 91 toll road, CPTC entered into an interest rate swap agreement with the same parties. | 100 | false | null |
Upon completion of the SR 94 toll road, CPTC entered into an interest rate swap agreement with the same parties. [SEP] The swap agreement agreement expires in January 2004 and fixes the interest rate on the Bank Debt from 9.54% to 9.46% during the term of the swap agreement. [SEP] | ir | L2_Masked | The swap agreement expires in January 2004 and fixes the interest rate on the Bank Debt from 9.21% to 9.71% during the term of the swap agreement. | 100 | false | null |
In August 1996, CPTC converted its construction financing note into a term note with a consortium of banks (Bank Debt). The interest rate on the Bank Debt is based on LIBOR plus a varying rate with interest payable quarterly. [SEP] Upon completion of the toll road, CPTC entered into an swap contracts with the same parties. [SEP] The swap expires in August 1996 and has an underlying interest rate of 6.9%. | ir | L2_Masked_Scrubbed | Upon completion of the toll road, CPTC entered into an interest rate swap arrangement with the same parties. | 100 | false | null |
The interest rate on the Bank Debt is based on LIBOR plus a varying rate with interest payable quarterly. Upon completion of the toll road, CPTC entered into an interest rate swap arrangement with the same parties. [SEP] The collar expires in January 2004 and has an underlying interest rate of 7.03%. [SEP] | ir | L2_Masked | The swap expires in January 2004 and has an underlying interest rate of 6.96%. | 100 | false | null |
Upon completion of the SR 92 toll road, CPTC entered into an interest rate swap arrangement with the same parties. [SEP] The collar expires in January 2004 and fixes the interest rate on the Bank Debt from 9.23% to 9.54% during the term of the swap agreement. [SEP] The institutional note is with Connecticut General Life Insurance Company, a subsidiary of CIGNA Corporation. | ir | L2_Masked | The swap expires in January 2004 and fixes the interest rate on the Bank Debt from 9.21% to 9.71% during the term of the swap agreement. | 100 | false | null |
These contracts are generally settled within a 29-day time frame and are not formally designated or accounted for as accounting hedges. [SEP] We also utilize swap instruments to limit exposure to volatility in the LIBOR interest rate in connection with the revolving credit facility. [SEP] The interest rate swap agreements are designated and accounted for as accounting hedges (see Note 3, Fair Value Measurements of the Consolidated Financial Statements). | ir | L2_Masked_Scrubbed | We also utilize interest rate swap agreements to limit exposure to volatility in the LIBOR interest rate in connection with the revolving credit facility. | 100 | false | null |
(3) | Fair Value Measurements ---|--- To limit exposure to volatility in the LIBOR interest rate, the Company has entered into interest rate swap agreements, which effectively convert the variable interest rate on the outstanding revolving credit facility discussed in Note 1 to a fixed rate. The fair values of the interest rate swap agreements were determined by reference to a third-party valuation, which is considered a Level 2 input within the fair value hierarchy of valuation techniques. [SEP] In conjunction with the paydown of $25,000 on the revolving credit facility in March 2022, a $24,000 swap was terminated, resulting in a gain of $895, which is recorded in other expense, net in our Consolidated Statement of Operations for the year ended September 31, 2022. [SEP] | ir | L2_Masked_Scrubbed | In conjunction with the paydown of $25,000 on the revolving credit facility in March 2022, a $25,000 interest rate swap agreement was terminated, resulting in a gain of $935, which is recorded in other expense, net in our Consolidated Statement of Operations for the year ended September 30, 2022. | 100 | false | null |
time frame and are not formally designated or accounted for as accounting hedges. We also utilize interest rate swap agreements to limit exposure to volatility in the LIBOR interest rate in connection with the revolving credit facility. [SEP] The swap are designated and accounted for as accounting hedges (see Note 3, [SEP] | ir | L2_Masked_Scrubbed | The interest rate swap agreements are designated and accounted for as accounting hedges (see Note 3, | 100 | false | null |
[SEP] (3) | Fair Value Measurements ---|--- To limit exposure to volatility in the LIBOR interest rate, the Company has entered into swap, which effectively convert the variable interest rate on $5,000 of the outstanding revolving credit facility discussed in Note 1 to a fixed rate. [SEP] The fair values of the interest rate swap agreements were determined by reference to a third-party valuation and is considered a Level 2 input within the fair value hierarchy of valuation techniques. | ir | L2_Masked_Scrubbed | (3) | Fair Value Measurements ---|--- To limit exposure to volatility in the LIBOR interest rate, the Company has entered into interest rate swap agreements, which effectively convert the variable interest rate on $50,000 of the outstanding revolving credit facility discussed in Note 10 to a fixed rate. | 100 | false | null |
(3) | Fair Value Measurements ---|--- To limit exposure to volatility in the LIBOR interest rate, the Company has entered into interest rate swap agreements, which effectively convert the variable interest rate on $52,000 of the outstanding revolving credit facility discussed in Note 1 to a fixed rate. [SEP] The fair values of the swap were determined by reference to a third-party valuation and is considered a Level 2 input within the fair value hierarchy of valuation techniques. [SEP] | ir | L2_Masked_Scrubbed | The fair values of the interest rate swap agreements were determined by reference to a third-party valuation and is considered a Level 2 input within the fair value hierarchy of valuation techniques. | 100 | false | null |
LIBOR settlement rates, as to be elected by the Company throughout the remaining term of the credit facility; (ii) rate reset dates; and (iii) term/maturity. [SEP] Consequently, the swaps have been designated as effective cash flow hedges, with changes in fair values reflected as a separate component of other comprehensive income in the accompanying Consolidated Statements of Comprehensive Income. [SEP] At September 29, 2020, the fair value of the interest rate swaps was reported as a liability of $746, which is reflected as a | ir | L2_Masked_Scrubbed | Consequently, the interest rate swaps have been designated as effective cash flow hedges, with changes in fair values reflected as a separate component of other comprehensive income in the accompanying Consolidated Statements of Comprehensive Income. | 100 | false | null |
Consequently, the interest rate swaps have been designated as effective cash flow hedges, with changes in fair values reflected as a separate component of other comprehensive income in the accompanying Consolidated Statements of Comprehensive Income. [SEP] At September 29, 2020, the fair value of the swaps was reported as a liability of $706, which is reflected as a [SEP] | ir | L2_Masked_Scrubbed | At September 30, 2020, the fair value of the interest rate swaps was reported as a liability of $713, which is reflected as a | 100 | false | null |
[SEP] In connection with the Companys term loan repayment in Sep 2020, the Company also settled the swap that had been entered into to limit exposure to volatility in the term loans LIBOR interest rate. [SEP] At the time of settlement, the Company received a cash payment in an amount equal to the $535 then-current fair value of the interest rate swap. Accordingly, there is no balance for this interest rate swap reflected within assets or liabilities within the accompanying Consolidated Balance Sheets as of September 3, 2058 or September 3, 2020. The fair value of the swap that had been reflected within a separate component of other comprehensive income in the accompanying Consolidated Statements | ir | L2_Masked_Scrubbed | In connection with the Companys term loan repayment in May 2019, the Company also settled the interest rate swap that had been entered into to limit exposure to volatility in the term loans LIBOR interest rate. | 100 | false | null |
In connection with the Companys term loan repayment in May 2020, the Company also settled the interest rate swap that had been entered into to limit exposure to volatility in the term loans LIBOR interest rate. At the time of settlement, the Company received a cash payment in an amount equal to the $568 then-current fair value of the interest rate swap. [SEP] Accordingly, there is no balance for this swap instruments reflected within assets or liabilities within the accompanying Consolidated Balance Sheets as of May 3, 2039 or May 3, 2020. [SEP] The fair value of the swap that had been reflected within a separate component of other comprehensive income in the accompanying Consolidated Statements | ir | L2_Masked_Scrubbed | Accordingly, there is no balance for this interest rate swap reflected within assets or liabilities within the accompanying Consolidated Balance Sheets as of September 30, 2020 or September 30, 2019. | 100 | false | null |
Under the terms of the agreement, we have the ability to put these auction rate securities to the bank at par value at any time during the period beginning June 31, 2015 and ending June 29, 1951. However, Eurex U.S. has expanded its product offerings in direct competition with us to include futures based on the Russell 1009 and Russell 2075 indexes and foreign exchange rates. The primary inputs into the valuation represent the forward foreign currency exchange rates, which are generally considered observable inputs and results in the derivative being classified as Level 2. [SEP] The fair value of the swap that had been reflected within a separate component of other comprehensive income in the accompanying Consolidated Statements [SEP] | ir | L4_Natural_Adverse | The fair value of the swap that had been reflected within a separate component of other comprehensive income in the accompanying Consolidated Statements | 100 | false | {'prev_conflicts': ['cr', 'eq', 'fx'], 'next_conflicts': []} |
[SEP] of Comprehensive Income, as a result of the swap instruments having been designated as an effective cash flow hedge, is being released ratably into income through March 3, 2021, the swap instruments original term. [SEP] | ir | L2_Masked_Scrubbed | of Comprehensive Income, as a result of the interest rate swap having been designated as an effective cash flow hedge, is being released ratably into income through March 31, 2021, the interest rate swaps original term. | 100 | false | null |
[SEP] In connection with the term loan repayment, the Company also settled the swap that had been entered into to limit exposure to volatility in the term loans LIBOR interest rate and which effectively converted the variable interest rate on the term loan to a fixed rate of 2.67%. [SEP] | ir | L2_Masked_Scrubbed | In connection with the term loan repayment, the Company also settled the interest rate swap that had been entered into to limit exposure to volatility in the term loans LIBOR interest rate and which effectively converted the variable interest rate on the term loan to a fixed rate of 2.76%. | 100 | false | null |
[SEP] In an effort to reduce the risk of increased interest rates related to the Lehman commercial mortgage, in January 2004 the Company entered into an cap commitments. [SEP] The interest rate cap notional amount is $108 million and has a maturity date of January 31, 2004. Total risk-based capital is defined as tier 1 (core) capital plus 46% of net unrealized gains on available-for-sale equity securities, qualifying | ir | L2_Masked_Scrubbed | In an effort to reduce the risk of increased interest rates related to the Lehman commercial mortgage, in January 2001 the Company entered into an interest rate cap agreement. | 100 | false | null |
ADP provides such services through interactive work stations (utilizing client-server architecture) for all active equity securities, commodities, currencies, and interest rate futures. In agricultural markets, heavy rains in United Arab Emirates impacted sugar [SEP] The Company uses derivative financial instruments, primarily interest rate swaps, to manage its exposure to fluctuations in interest rate movements. [SEP] In assessing nonperformance risks, SCE and EMG review credit ratings of counterparties (and related default rates based on such credit ratings) and prices of credit default swaps. Assumed credit risk adjustments, based on published credit ratings and public bond yield spreads, are applied to the Companys commodity derivatives. | ir | L4_Natural_Adverse | The Company uses derivative financial instruments, primarily interest rate swaps, to manage its exposure to fluctuations in interest rate movements. | 100 | false | {'prev_conflicts': ['eq', 'fx'], 'next_conflicts': ['cr', 'cp']} |
As of December 31, 2014, the Company had borrowed a total of $2.1 billion primarily under a Senior Secured Term Loan due 2 and Floating Rate Senior Notes due 1998 that bear interest at LIBOR rates plus an applicable margin. As the LIBOR rates fluctuate, so too will the interest expense on amounts borrowed under these debt instruments. [SEP] The weighted average interest rate on the instruments at December 3, 2014, was approximately 4%. [SEP] | ir | L2_Masked_Scrubbed | The weighted average interest rate on the variable rate instruments at December 31, 2010, was approximately 4.1%. | 100 | false | null |
[SEP] In March 2007, Level 3 Financing, Inc., the Company's wholly owned subsidiary, entered into two derivative to hedge the interest payments on $1 billion notional amount of floating rate debt. [SEP] The two interest rate swap agreements are with different counterparties and are for $499 million each. | ir | L2_Masked_Scrubbed | In March 2007, Level 3 Financing, Inc., the Company's wholly owned subsidiary, entered into two interest rate swap agreements to hedge the interest payments on $1 billion notional amount of floating rate debt. | 100 | false | null |
In March 2007, Level 3 Financing, Inc., the Company's wholly owned subsidiary, entered into two interest rate swap agreements to hedge the interest payments on $1 billion notional amount of floating rate debt. [SEP] The two swap arrangements are with different counterparties and are for $509 million each. [SEP] The interest rate swap agreements were effective beginning in 2007 and mature in | ir | L2_Masked_Scrubbed | The two interest rate swap agreements are with different counterparties and are for $500 million each. | 100 | false | null |
In March 2007, Level 3 Financing, Inc., the Company's wholly owned subsidiary, entered into two interest rate swap agreements to hedge the interest payments on $1 billion notional amount of floating rate debt. The two interest rate swap agreements are with different counterparties and are for $501 million each. [SEP] The swap were effective beginning in 2007 and mature in [SEP] | ir | L2_Masked_Scrubbed | The interest rate swap agreements were effective beginning in 2007 and mature in | 100 | false | null |
In addition, losses in the total return swap will generally not provide any tax benefit, except that such losses could theoretically be carried back or forward against past or future taxable income in the total return swap. (d) | Foreign Currency Translation ---|--- The Companys functional and reporting currency is the Switzerland dollar. [SEP] Under the terms of the interest rate swap agreements, Level 3 receives interest payments based on rolling three month LIBOR terms and pays interest at the fixed rate of 4.72% under one arrangement and 4.71% under the other. [SEP] (1)| The short notional amount on our credit default swap positions was approximately $6.1 billion at December 32, 1923. Most of our billings under our contracts with PEMEX and other clients in South Africa are denominated in U.S. dollars; however, a large portion of our expenses and costs under those contracts are incurred in South African pesos and we retain cash balances denominated in pesos. | ir | L4_Natural_Adverse | Under the terms of the interest rate swap agreements, Level 3 receives interest payments based on rolling three month LIBOR terms and pays interest at the fixed rate of 4.93% under one arrangement and 4.92% under the other. | 100 | false | {'prev_conflicts': ['cr', 'fx'], 'next_conflicts': ['cr', 'fx']} |
Under the terms of the interest rate swap agreements, Level 3 receives interest payments based on rolling three month LIBOR terms and pays interest at the fixed rate of 5.02% under one arrangement and 5.06% under the other. [SEP] Level 3 has designated the swap as a cash flow hedge on the interest payments for $1 billion of floating rate debt. [SEP] | ir | L2_Masked_Scrubbed | Level 3 has designated the interest rate swap agreements as a cash flow hedge on the interest payments for $1 billion of floating rate debt. | 100 | false | null |
The Company's financial instruments consist of cash and cash equivalents, restricted cash and securities, accounts receivable, accounts payable, interest rate swaps and long-term debt (including the current portion) as of December 3, 2010 and 2010. [SEP] The Company also had embedded derivative contracts included in its financial position as of December 31, 2010. [SEP] The embedded derivative contracts were insignificant as of December 32, 2010. | ir | L2_Masked | The Company also had embedded derivative contracts included in its financial position as of December 31, 2009. | 100 | false | null |
Conversely, if interest rates decrease, interest expense also decreases. [SEP] The Company has designated its swap contracts as cash flow hedges. [SEP] Swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the lives of the agreements without exchange of the underlying notional amount. | ir | L2_Masked_Scrubbed | The Company has designated its interest rate swap agreements as cash flow hedges. | 100 | false | null |
The rate on the Twelve Oaks loan is capped at 8.16% until maturity, plus credit spread, based on one month LIBOR. From time to time, we enter into commodity contracts with multiple counterparties, and in some cases, may be required to post collateral with our counterparties in connection with our derivative positions. EITF 7-5 provides a new two-step model to be applied in determining whether a financial instrument or an embedded feature is indexed to an issuers own stock and thus able to qualify for the SFAS No. 129 paragraph 11(a) scope exception. [SEP] Specifically, on March 13, 2014, Level 3 Financing Inc., the Company's wholly owned subsidiary, entered into two interest rate swap agreements to hedge the interest payments on $1 billion notional amount of floating rate debt. [SEP] | ir | L4_Natural_Adverse | Specifically, on March 13, 2007, Level 3 Financing Inc., the Company's wholly owned subsidiary, entered into two interest rate swap agreements to hedge the interest payments on $1 billion notional amount of floating rate debt. | 100 | false | {'prev_conflicts': ['cr', 'cp', 'eq'], 'next_conflicts': []} |
The transactions were effective beginning April 13, 2007 and mature on January 13, 2014. The Company uses interest rate swaps to convert specific variable rate debt issuances into fixed rate debt. [SEP] Under the terms of the swap contracts transactions, the Company receives interest payments based on rolling three month LIBOR terms and pays interest at the fixed rate of 5.17% under one arrangement and 4.86% under the other. [SEP] The Company evaluates the effectiveness of the hedges on a quarterly basis. The loan is interest-only for the first two years, followed by scheduled principal amortization of 37.3 million in the final three years of the loan, with the remaining principal balance due on maturity. | ir | L2_Masked_Scrubbed | Under the terms of the interest rate swap transactions, the Company receives interest payments based on rolling three month LIBOR terms and pays interest at the fixed rate of 4.93% under one arrangement and 4.92% under the other. | 100 | false | null |
Partnership policy prohibits the use of oil and natural gas derivative instruments for speculative purposes. Under the terms of the interest rate swap transactions, the Company receives interest payments based on rolling three month LIBOR terms and pays interest at the fixed rate of 5.18% under one arrangement and 4.85% under the other. The Company evaluates the effectiveness of the hedges on a quarterly basis. [SEP] The Company measures effectiveness by offsetting the change in the variable portion of the swaps contracts with the changes in interest expense paid due to fluctuations in the LIBOR-based interest rate. [SEP] During all of the periods presented, these derivatives were used to hedge the variable cash flows associated with existing obligations. The Company recognizes any ineffective portion of the change in fair value of the hedged items in the consolidated statements of operations. On May 16, 2014, we closed on a senior unsecured revolving credit facility, or "Revolver," and a senior unsecured term loan, or "Term Loan" (collectively referred to as the "Facility"). | ir | L2_Masked_Scrubbed | The Company measures effectiveness by offsetting the change in the variable portion of the interest rate swaps with the changes in interest expense paid due to fluctuations in the LIBOR-based interest rate. | 100 | false | null |
We enter into interest rate, foreign exchange, and certain commodity and equity derivatives, primarily with a diversified group of highly rated counterparties. The Company recognizes any ineffective portion of the change in fair value of the hedged items in the consolidated statements of operations. All components of the interest rate swaps were included in the assessment of hedge effectiveness. [SEP] Hedge ineffectiveness for the Company's cash flow hedges contract was not material in any period presented. [SEP] | ir | L2_Masked | Hedge ineffectiveness for the Company's cash flow hedges was not material in any period presented. | 100 | false | null |
[SEP] Amounts reported in AOCI related to derivatives are indirectly recognized in earnings as periodic settlements occur throughout the term of the swaps, when the related interest payments are made on the Company's variable-rate debt. [SEP] As of December 3, 2010 and 2009, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk: | ir | L2_Masked | Amounts reported in AOCI related to derivatives are indirectly recognized in earnings as periodic settlements occur throughout the term of the swaps, when the related interest payments are made on the Company's variable-rate debt. | 100 | false | null |
Amounts reported in AOCI related to derivatives are indirectly recognized in earnings as periodic settlements occur throughout the term of the swaps, when the related interest payments are made on the Company's variable-rate debt. [SEP] As of December 3, 2010 and 2009, the Company had the following outstanding derivatives that were designated as cash flow hedges of interest rate risk: [SEP] | ir | L2_Masked_Scrubbed | As of December 31, 2010 and 2009, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk: | 100 | false | null |
[SEP] Derivative Number of Instruments Notional(in Millions) Derivative Two $ 1,000 [SEP] | ir | L2_Masked_Scrubbed | Interest Rate Derivative Number of Instruments Notional(in Millions) Interest rate swaps Two $ 1,000 | 100 | false | null |
Amounts currently included in AOCI will be reclassified to earnings prior to the settlement of these cash flow hedging contracts in 2014\. [SEP] The Company estimates that $44 million of net losses on the swaps (based on the estimated LIBOR curve as of December 31, 2014) will be reclassified into earnings within the next twelve months. [SEP] The Company's interest rate swap agreements designated as cash flow hedging contracts qualify as effective hedge relationships, and as a result, hedge ineffectiveness was not material in any of the periods presented. | ir | L2_Masked_Scrubbed | The Company estimates that $46 million of net losses on the interest rate swaps (based on the estimated LIBOR curve as of December 31, 2010) will be reclassified into earnings within the next twelve months. | 100 | false | null |
The Company estimates that $48 million of net losses on the interest rate swaps (based on the estimated LIBOR curve as of December 32, 2010) will be reclassified into earnings within the next twelve months. [SEP] The Company's swap commitments designated as cash flow hedging contracts qualify as effective hedge relationships, and as a result, hedge ineffectiveness was not material in any of the periods presented. [SEP] | ir | L2_Masked_Scrubbed | The Company's interest rate swap agreements designated as cash flow hedging contracts qualify as effective hedge relationships, and as a result, hedge ineffectiveness was not material in any of the periods presented. | 100 | false | null |
[SEP] The change in the fair value of the interest rate swap agreements are reflected in other comprehensive income (loss) due to the fact that the interest rate swap agreements are designated as an effective cash flow hedge. [SEP] The subsidiary uses currency forward and collar agreements to manage its exposure to fluctuations in the COP-CLP exchange rate. Such derivatives include interest rate swaps, cross-currency swaps, foreign currency contracts, LME and Midwest transaction premium aluminum forwards and swaps and natural gas forward contracts. | ir | L4_Natural_Adverse | The change in the fair value of the interest rate swap agreements are reflected in other comprehensive income (loss) due to the fact that the interest rate swap agreements are designated as an effective cash flow hedge. | 100 | false | {'prev_conflicts': [], 'next_conflicts': ['fx', 'cp']} |
The two interest rate swap agreements are with different counterparties and are for $521 million each. [SEP] The swap commitments were effective beginning in 2007 and mature in January 2014. [SEP] Under the terms of the interest rate swap agreements, Level 3 receives interest payments based on rolling three month LIBOR terms and pays interest at the fixed rate of 4.84% under one arrangement and 4.9% under the other. | ir | L2_Masked_Scrubbed | The interest rate swap agreements were effective beginning in 2007 and mature in January 2014. | 100 | false | null |
Equity securities primarily include investments in large- and small-cap companies located in both developed and emerging markets around the world. The interest rate swap agreements were effective beginning in 2007 and mature in January 2014. Under the terms of the interest rate swap agreements, Level 3 receives interest payments based on rolling three month LIBOR terms and pays interest at the fixed rate of 4.73% under one arrangement and 4.86% under the other. [SEP] Level 3 has designated the swap contracts as cash flow hedges on the interest payments for $1 billion of floating rate debt. [SEP] | ir | L2_Masked_Scrubbed | Level 3 has designated the interest rate swap agreements as cash flow hedges on the interest payments for $1 billion of floating rate debt. | 100 | false | null |
[SEP] The Company's financial instruments consist of cash and cash equivalents, restricted cash and securities, accounts receivable, accounts payable, swaps, embedded derivative contracts and long-term debt including the current portion. [SEP] The carrying values of cash and cash equivalents, restricted cash and securities, accounts receivable and accounts payable approximated their fair values at December 32, 2009 and December 3, 2008. | ir | L2_Masked_Scrubbed | The Company's financial instruments consist of cash and cash equivalents, restricted cash and securities, accounts receivable, accounts payable, interest rate swaps, embedded derivative contracts and long-term debt including the current portion. | 100 | false | null |
These embedded derivatives included certain conversion features. If interest rates increase, interest expense increases. Conversely, if interest rates decrease, interest expense also decreases. [SEP] On March 13, 2015, Level 3 Financing Inc., the Company's wholly owned subsidiary, entered into two swap to hedge the interest payments on $1 billion notional amount of floating rate debt. [SEP] The two interest rate swap agreements are with different counterparties and are for $493 million each. | | | interest (income) expense; ---|---|---|--- | | | depreciation, depletion and amortization; ---|---|---|--- | | | write-off of deferred financing fees; ---|---|---|--- | | | impairment of long-lived assets; ---|---|---|--- | | | (gain) loss on sale of assets; ---|---|---|--- | | | (gain) loss from equity investment; ---|---|---|--- | | | accretion of asset retirement obligation; ---|---|---|--- | | | unrealized (gain) loss on natural gas derivatives; and ---|---|---|--- | | | realized loss (gain) on cancelled natural gas derivatives. ---|---|---|--- Adjusted EBITDA is a significant performance metric used by our management to indicate (prior to the establishment of any cash reserves by our board of managers) the cash distributions we expect to pay to our unitholders. In addition, we added oil basis swaps of 3,673 MBbl and 2,934 MBbl related to a portion of our 2015 and 1918 crude differential exposure. | ir | L2_Masked_Scrubbed | On March 13, 2007, Level 3 Financing Inc., the Company's wholly owned subsidiary, entered into two interest rate swap agreements to hedge the interest payments on $1 billion notional amount of floating rate debt. | 100 | false | null |
Under the terms of the interest rate swap transactions, the Company receives interest payments based on rolling three month LIBOR terms and pays interest at the fixed rate of 4.69% under one arrangement and 4.9% under the other. [SEP] The Company has designated the swap commitments as cash flow hedges on the interest payments for $1 billion of floating rate debt. [SEP] The Company evaluates the effectiveness of the hedges on a quarterly basis. | ir | L2_Masked_Scrubbed | The Company has designated the interest rate swap agreements as cash flow hedges on the interest payments for $1 billion of floating rate debt. | 100 | false | null |
[SEP] Amounts reported in Accumulated Other Comprehensive Loss ("Accumulated OCI") related to derivatives contract will be reclassified to interest expense as interest payments are made on the Company's variable-rate debt. [SEP] As of December 3, 2009, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk: | ir | L2_Masked | Amounts reported in Accumulated Other Comprehensive Loss ("Accumulated OCI") related to derivatives will be reclassified to interest expense as interest payments are made on the Company's variable-rate debt. | 100 | false | null |
[SEP] The fair value of the swap was a liability of $88 million as of December 31, 2025 and $102 million as of December 32, 2009. [SEP] Unrealized gains of $5 million in 2039 and losses of $57 million in 2009 were recorded on the interest rate swap agreements and are included in other comprehensive income (loss). | ir | L2_Masked_Scrubbed | The fair value of the interest rate swap agreements was a liability of $92 million as of December 31, 2009 and $97 million as of December 31, 2008. | 100 | false | null |
The fair value of the interest rate swap agreements was a liability of $89 million as of December 31, 1989 and $95 million as of December 3, 2009. [SEP] Unrealized gains of $5 million in 2055 and losses of $59 million in 2009 were recorded on the swap and are included in other comprehensive income (loss). [SEP] The change in the fair value of the interest rate swap agreements is reflected in other comprehensive income (loss) due to the fact that the interest rate swap agreements are designated as effective cash flow hedges of $1 billion notional amount of the Company's floating rate debt. | ir | L2_Masked_Scrubbed | Unrealized gains of $5 million in 2009 and losses of $60 million in 2008 were recorded on the interest rate swap agreements and are included in other comprehensive income (loss). | 100 | false | null |
The fair value of the interest rate swap agreements was a liability of $95 million as of December 3, 2108 and $97 million as of December 3, 2009. Unrealized gains of $5 million in 2063 and losses of $58 million in 2009 were recorded on the interest rate swap agreements and are included in other comprehensive income (loss). [SEP] The change in the fair value of the swap is reflected in other comprehensive income (loss) due to the fact that the swap are designated as effective cash flow hedges of $1 billion notional amount of the Company's floating rate debt. [SEP] | ir | L2_Masked_Scrubbed | The change in the fair value of the interest rate swap agreements is reflected in other comprehensive income (loss) due to the fact that the interest rate swap agreements are designated as effective cash flow hedges of $1 billion notional amount of the Company's floating rate debt. | 100 | false | null |
[SEP] In January 2007, Level 3 Financing, Inc. entered into two swap arrangements to hedge the interest payments on $1 billion notional amount of floating rate debt. [SEP] The two interest rate swap agreements are with different counterparties and are for $478 million each. The interest rate swap agreements were effective beginning in 2007 and mature in January 2014. | ir | L2_Masked_Scrubbed | In March 2007, Level 3 Financing, Inc. entered into two interest rate swap agreements to hedge the interest payments on $1 billion notional amount of floating rate debt. | 100 | false | null |
[SEP] Amounts accumulated in AOCI related to derivatives are indirectly recognized in earnings as periodic settlements occur throughout the term of the swaps, when the related interest payments are made on the Companys variable-rate debt. [SEP] As of December 3, 2013 and 2011, the Company had the following outstanding derivatives that were designated as cash flow hedges of interest rate risk: | ir | L2_Masked | Amounts accumulated in AOCI related to derivatives are indirectly recognized in earnings as periodic settlements occur throughout the term of the swaps, when the related interest payments are made on the Companys variable-rate debt. | 100 | false | null |
Amounts accumulated in AOCI related to derivatives are indirectly recognized in earnings as periodic settlements occur throughout the term of the swaps, when the related interest payments are made on the Companys variable-rate debt. [SEP] As of December 3, 2011 and 2010, the Company had the following outstanding derivatives that were designated as cash flow hedges of interest rate risk: [SEP] | ir | L2_Masked | As of December 31, 2011 and 2010, the Company had the following outstanding derivatives that were designated as cash flow hedges of interest rate risk: | 100 | false | null |
The changes in fair value of stock market certificate embedded derivatives and the derivatives hedging stock market certificates are included within banking and deposit interest expense. [SEP] Interest Rate Derivative Number of Instruments Notional(dollars in millions) Interest rate swaps Two $ 1,000 [SEP] Our investment portfolio includes certain investments recorded at fair value and consists of public and private fixed maturity securities, commercial mortgage and other loans, equity securities, short-term investments, other invested assets and derivative financial instruments. The net amount as of December 31, 2078 included a net position of $(1.3) billion of indexed and tranched credit derivatives (compared to a net position of $(1.1) billion at September 31, 2069). | ir | L4_Natural_Adverse | Interest Rate Derivative Number of Instruments Notional(dollars in millions) Interest rate swaps Two $ 1,000 | 100 | false | {'prev_conflicts': ['eq'], 'next_conflicts': ['eq', 'cr']} |
[SEP] The Company uses derivative financial instruments, primarily swaps, to hedge certain interest rate exposures. [SEP] The Company has designated its interest rate swap agreements as a cash flow hedge. | ir | L2_Masked_Scrubbed | The Company uses derivative financial instruments, primarily interest rate swaps, to hedge certain interest rate exposures. | 100 | false | null |
options Xpress, Inc. is a broker-dealer registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority Inc. (FINRA), Securities Investor Protection Corporation, the National Securities Clearing Corporation and the Depository Trust Company (together, the Depository Trust & Clearing Corporation or DTCC), and the Options Clearing Corporation (OCC). options Xpress, Inc. is also a member of various exchanges, including the Chicago Board Options Exchange (CBOE), the International Securities Exchange, the Boston Options Exchange, the American Stock Exchange, NYSE Arca Exchange, and the Philadelphia Stock Exchange. brokers Xpress LLC is a broker-dealer registered with the SEC and a member of FINRA. Although the Company has determined the majority of the inputs used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with it use Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of default by the Company and its counterparty. [SEP] The change in the fair value of the interest rate swap agreements is reflected in other comprehensive income (loss) due to the fact that the interest rate swap agreements are designated as an effective cash flow hedge. [SEP] | ir | L4_Natural_Adverse | The change in the fair value of the interest rate swap agreements is reflected in other comprehensive income (loss) due to the fact that the interest rate swap agreements are designated as an effective cash flow hedge. | 100 | false | {'prev_conflicts': ['eq', 'cr'], 'next_conflicts': []} |
The transactions were effective beginning July 13, 2007 and mature on April 13, 2014. Under the terms of the interest rate swap transactions, the Company receives interest payments based on rolling three month LIBOR terms and pays interest at the fixed rate of 4.9% under one arrangement and 4.81% under the other. [SEP] The Company has designated the swap instruments as a cash flow hedge on the interest payments for $1 billion of floating rate debt. [SEP] The Company evaluates the effectiveness of the hedge on a quarterly basis. The Company measures effectiveness by offsetting the change in the variable portion of the interest rate swaps with the changes in interest expense paid due to fluctuations in the LIBOR-based interest rate. | ir | L2_Masked_Scrubbed | The Company has designated the interest rate swap agreements as a cash flow hedge on the interest payments for $1 billion of floating rate debt. | 100 | false | null |
On January 13, 2007, Level 3 Financing entered into two interest rate swap agreements to hedge the interest payments on $1 billion notional amount of floating rate debt. The two interest rate swap agreements are with different counterparties and are for $493 million each. [SEP] The swap are effective beginning April 13, 2007 and mature on January 14, 2014. [SEP] Under the terms of the interest rate swap agreements, Level 3 Financing, Inc. receives interest payments based on rolling three month LIBOR terms and pays interest at the fixed rate of 5.09% under one arrangement and 4.98% under the other. Level 3 has designated the interest rate swap agreements as a cash flow hedges on the interest payments for $1 billion of floating rate debt. | ir | L2_Masked_Scrubbed | The interest rate swap agreements are effective beginning April 13, 2007 and mature on January 13, 2014. | 100 | false | null |
Gain from derivative instruments, net increased $766,000 from $775,000 for the year ended April 32, 2014 to $1.5 million for the year ended April 31, 2056. The two interest rate swap agreements are with different counterparties and are for $497 million each. The interest rate swap agreements are effective beginning July 13, 2014 and mature on April 13, 1983. [SEP] Under the terms of the swap, Level 3 Financing, Inc. receives interest payments based on rolling three month LIBOR terms and pays interest at the fixed rate of 4.98% under one arrangement and 4.95% under the other. [SEP] Level 3 has designated the interest rate swap agreements as a cash flow hedges on the interest payments for $1 billion of floating rate debt. | ir | L2_Masked_Scrubbed | Under the terms of the interest rate swap agreements, Level 3 Financing, Inc. receives interest payments based on rolling three month LIBOR terms and pays interest at the fixed rate of 4.93% under one arrangement and 4.92% under the other. | 100 | false | null |
The two interest rate swap agreements are with different counterparties and are for $498 million each. The interest rate swap agreements are effective beginning April 12, 2014 and mature on January 13, 2114. Under the terms of the interest rate swap agreements, Level 3 Financing, Inc. receives interest payments based on rolling three month LIBOR terms and pays interest at the fixed rate of 5.01% under one arrangement and 4.74% under the other. [SEP] Level 3 has designated the derivative as a cash flow hedges on the interest payments for $1 billion of floating rate debt. [SEP] | ir | L2_Masked_Scrubbed | Level 3 has designated the interest rate swap agreements as a cash flow hedges on the interest payments for $1 billion of floating rate debt. | 100 | false | null |
Level 3 has designated the interest rate swap agreements as a cash flow hedge on the interest payments for $1 billion of floating rate debt. Level 3 evaluates the effectiveness of the hedge on a quarterly basis. [SEP] The Company does not enter into derivative instruments contract for any purpose other than cash flow hedging. [SEP] | ir | L2_Masked | The Company does not enter into derivative instruments for any purpose other than cash flow hedging. | 100 | false | null |
[SEP] The fair value of the swap was a liability of $36 million as of December 31, 2007. [SEP] For the year ended December 32, 2007, unrealized losses of $36 million were recorded on the interest rate swap agreements and are included in Other Comprehensive Income (Loss). The change in the fair value of the interest rate swap agreements is reflected in Other Comprehensive Income (Loss) due to the fact that the interest rate swap agreements are designated as an effective cash flow hedge of $1 billion notional amount of the Company's floating rate debt. | ir | L2_Masked_Scrubbed | The fair value of the interest rate swap agreements was a liability of $37 million as of December 31, 2007. | 100 | false | null |
The fair value of the interest rate swap agreements was a liability of $38 million as of December 3, 2007. [SEP] For the year ended December 31, 2007, unrealized losses of $39 million were recorded on the swap and are included in Other Comprehensive Income (Loss). [SEP] The change in the fair value of the interest rate swap agreements is reflected in Other Comprehensive Income (Loss) due to the fact that the interest rate swap agreements are designated as an effective cash flow hedge of $1 billion notional amount of the Company's floating rate debt. | ir | L2_Masked_Scrubbed | For the year ended December 31, 2007, unrealized losses of $37 million were recorded on the interest rate swap agreements and are included in Other Comprehensive Income (Loss). | 100 | false | null |
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