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v2.4.1.9

Derivatives (Tables) | 12 Months Ended
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Dec. 31, 2014
Derivatives |
Schedule of fair value positions of derivative instruments |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Weighted |  |  |
|  |  |  |  |  |  |  |  |  |  | Weighted |  |  | Average |  |  |
|  |  |  |  |  |  |  |  |  |  | Average |  |  | Mark-to- |  |  | Fair
|  | Settlement |  |  |  |  |  |  |  |  | Fixed |  |  | Market |  |  | Value
Hedge Strategy |  | Period |  | Derivative Instrument |  | Notional |  | Unit |  |  | Price |  |  | Amount |  |  | Amount
Fair Value Hedge |  | 2015 |  | Commodity contracts for inventory hedging (long) |  | 305 |  | BBL |  | $ | 74.110 |  | $ | (3.203) |  | $ | (977)
|  | 2015 |  | Commodity contracts for inventory hedging (short) |  | 4,977 |  | BBL |  |  | 77.510 |  |  | 4.599 |  |  | 22,889
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 21,912
Non-Designated |  | 2015 |  | Commodity contracts (long) |  | 34,192 |  | BBL |  | $ | 62.693 |  | $ | (15.594) |  | $ | (533,192)
|  | 2015 |  | Commodity contracts (short) |  | 27,013 |  | BBL |  |  | 83.370 |  |  | 20.735 |  |  | 560,114
|  | 2016 |  | Commodity contracts (long) |  | 1,131 |  | BBL |  |  | 89.989 |  |  | (23.195) |  |  | (26,234)
|  | 2016 |  | Commodity contracts (short) |  | 722 |  | BBL |  |  | 85.497 |  |  | 17.734 |  |  | 12,804
|  | 2017 |  | Commodity contracts (long) |  | 92 |  | BBL |  |  | 46.463 |  |  | (6.696) |  |  | (616)
|  | 2017 |  | Commodity contracts (short) |  | 109 |  | BBL |  |  | 54.430 |  |  | 7.743 |  |  | 844
|  | 2018 |  | Commodity contracts (long) |  | 1 |  | BBL |  |  | 25.922 |  |  | (4.000) |  |  | (4)
|  | 2018 |  | Commodity contracts (short) |  | 11 |  | BBL |  |  | 83.997 |  |  | 21.636 |  |  | 238
|  | 2015 |  | Foreign currency contracts |  | 28,783 |  | AUD |  |  | 0.850 |  |  | 0.005 |  |  | 158
|  | 2015 |  | Foreign currency contracts |  | 471 |  | BRL |  |  | 2.580 |  |  | (0.013) |  |  | (6)
|  | 2015 |  | Foreign currency contracts |  | 61,577 |  | CAD |  |  | 1.140 |  |  | 0.020 |  |  | 1,215
|  | 2015 |  | Foreign currency contracts |  | 112 |  | CHF |  |  | 0.960 |  |  | 0.036 |  |  | 4
|  | 2015 |  | Foreign currency contracts |  | 4,764,256 |  | CLP |  |  | 602.490 |  |  | 0.000 |  |  | 27
|  | 2015 |  | Foreign currency contracts |  | 31,884,747 |  | COP |  |  | 2,174.000 |  |  | 0.000 |  |  | 408
|  | 2015 |  | Foreign currency contracts |  | 126,778 |  | DKK |  |  | 5.950 |  |  | 0.001 |  |  | 64
|  | 2015 |  | Foreign currency contracts |  | 77,278 |  | EUR |  |  | 1.250 |  |  | 0.019 |  |  | 1,464
|  | 2015 |  | Foreign currency contracts |  | 208,786 |  | GBP |  |  | 1.610 |  |  | 0.023 |  |  | 4,903
|  | 2015 |  | Foreign currency contracts |  | 135,879 |  | INR |  |  | 63.040 |  |  | 0.000 |  |  | 24
|  | 2015 |  | Foreign currency contracts |  | 1,390,740 |  | JPY |  |  | 113.080 |  |  | 0.000 |  |  | 295
|  | 2015 |  | Foreign currency contracts |  | 2,382,533 |  | MXN |  |  | 13.920 |  |  | (0.000) |  |  | (321)
|  | 2015 |  | Foreign currency contracts |  | 214,957 |  | NOK |  |  | 6.720 |  |  | 0.001 |  |  | 253
|  | 2015 |  | Foreign currency contracts |  | 7,912 |  | PLN |  |  | 3.400 |  |  | 0.016 |  |  | 125
|  | 2015 |  | Foreign currency contracts |  | 32,891 |  | RON |  |  | 3.570 |  |  | 0.014 |  |  | 452
|  | 2015 |  | Foreign currency contracts |  | 46,921 |  | SGD |  |  | 1.300 |  |  | 0.004 |  |  | 176
|  | 2015 |  | Foreign currency contracts |  | 78,298 |  | ZAR |  |  | 11.310 |  |  | 0.001 |  |  | 41
|  | 2016 |  | Foreign currency contracts |  | 8,325 |  | GBP |  |  | 1.620 |  |  | 0.055 |  |  | 459
|  | 2017 |  | Foreign currency contracts |  | 1,400 |  | GBP |  |  | 1.610 |  |  | 0.033 |  |  | 46
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 23,741
Schedule of derivative instruments measured at fair value and their locations on the consolidated balance sheets |
|  |  |  | As of December 31,
|  | Balance Sheet Location |  | 2014 |  | 2013
Derivative assets: |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments |  |  |  |  |  |
Commodity contracts |  | Short-term derivative assets, net |  | $ | 18,844 |  | $ | 735
Commodity contracts |  | Accrued expenses and other current liabilities |  |  | 4,709 |  |  | —
|  |  |  |  | 23,553 |  |  | 735
Derivatives not designated as hedging instruments |  |  |  |  |  |
Commodity contracts |  | Short-term derivative assets, net |  |  | 398,924 |  |  | 47,062
Commodity contracts |  | Identifiable intangible and other non-current assets |  |  | 12,063 |  |  | 1,642
Commodity contracts |  | Accrued expenses and other current liabilities |  |  | 234,077 |  |  | 1,141
Commodity contracts |  | Other long-term liabilities |  |  | 4,849 |  |  | 874
Foreign currency contracts |  | Short-term derivative assets, net |  |  | 21,244 |  |  | 5,003
Foreign currency contracts |  | Identifiable intangible and other non-current assets |  |  | 513 |  |  | —
Foreign currency contracts |  | Accrued expenses and other current liabilities |  |  | — |  |  | 3,483
|  |  |  |  | 671,670 |  |  | 59,205
|  |  |  | $ | 695,223 |  | $ | 59,940
Derivative liabilities: |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments |  |  |  |  |  |
Commodity contracts |  | Short-term derivative assets, net |  | $ | 978 |  | $ | 1,544
Commodity contracts |  | Accrued expenses and other current liabilities |  |  | 663 |  |  | —
|  |  |  |  | 1,641 |  |  | 1,544
Derivatives not designated as hedging instruments |  |  |  |  |  |
Commodity contracts |  | Short-term derivative assets, net |  |  | 76,103 |  |  | 26,876
Commodity contracts |  | Identifiable intangible and other non-current assets |  |  | 594 |  |  | 894
Commodity contracts |  | Accrued expenses and other current liabilities |  |  | 529,976 |  |  | 15,473
Commodity contracts |  | Other long-term liabilities |  |  | 29,286 |  |  | 1,228
Foreign currency contracts |  | Short-term derivative assets, net |  |  | 11,961 |  |  | 2,867
Foreign currency contracts |  | Identifiable intangible and other non-current assets |  |  | 9 |  |  | —
Foreign currency contracts |  | Accrued expenses and other current liabilities |  |  | — |  |  | 8,789
Foreign currency contracts |  | Other long-term liabilities |  |  | — |  |  | 147
|  |  |  |  | 647,929 |  |  | 56,274
|  |  |  | $ | 649,570 |  | $ | 57,818
Impact of derivatives designated as fair value hedges on the consolidated statements of income and comprehensive income |
Derivative |  |  |  | Realized and Unrealized |  |  |  |  |  | Realized and Unrealized
Instruments |  | Location |  | Gain (Loss) |  | Hedged Items |  | Location |  | Gain (Loss)
|  |  |  | For the year ended December 31, |  |  |  | For the year ended December 31,
|  |  |  | 2014 |  | 2013 |  | 2012 |  |  |  |  |  | 2014 |  | 2013 |  | 2012
Commodity contracts |  | Revenue |  | $ | — |  | $ | — |  | $ | 265 |  | Firm commitments |  | Revenue |  | $ | — |  | $ | — |  | $ | (201)
Commodity contracts |  | Cost of revenue |  |  | — |  |  | — |  |  | (1,417) |  | Firm commitments |  | Cost of revenue |  |  | — |  |  | — |  |  | 739
Commodity contracts |  | Cost of revenue |  |  | 132,199 |  |  | 2,685 |  |  | (19,717) |  | Inventories |  | Cost of revenue |  |  | (150,943) |  |  | 3,059 |  |  | 23,972
|  |  |  | $ | 132,199 |  | $ | 2,685 |  | $ | (20,869) |  |  |  |  |  | $ | (150,943) |  | $ | 3,059 |  | $ | 24,510
Impact of derivatives not designated as hedges on the consolidated statements of income and comprehensive income |
Derivatives |  | Location | Realized and Unrealized Gain (Loss)
|  |  |  | For the Year ended December 31,
|  |  |  | 2014 |  | 2013 |  | 2012
Commodity contracts |  | Revenue |  | $ | 64,485 |  | $ | 25,420 |  | $ | 14,967
Commodity contracts |  | Cost of revenue |  |  | 2,239 |  |  | (5,391) |  |  | 3,333
Foreign currency contracts |  | Revenue |  |  | 4,286 |  |  | (55) |  |  | (2,384)
Foreign currency contracts |  | Other income (expense), net |  |  | 12,631 |  |  | (3,998) |  |  | (2,271)
|  |  |  | $ | 83,641 |  | $ | 15,976 |  | $ | 13,645

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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624163-113959 + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41678-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 25 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41620-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5579245-113959 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5580258-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5579240-113959 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41641-113959 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41638-113959 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624163-113959 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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