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ASU 2013-01, Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities, to address concerns
expressed by preparers while still providing useful information about certain transactions involving master
netting arrangements. The new disclosures are designed to make financial statements that are prepared under
U.S. GAAP more comparable to those prepared under International Financial Reporting Standards. The
disclosure requirements are effective for annual reporting periods beginning on or after January 1, 2013, and
interim periods therein, with retrospective application required. We do not expect the adoption of ASU 2011-11
and ASU 2013-01 to have a material impact on our Consolidated Financial Statements.
In February 2013, the FASB issued ASU 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts
Reclassified Out of Accumulated Other Comprehensive Income
, effective prospectively for fiscal years beginning
after December 15, 2012. The amendments of this ASU require an entity to provide information about the
amounts reclassified out of accumulated other comprehensive income ("AOCI") by component. In addition, an
entity is required to present, either on the face of the statement where net income (loss) is presented or in the
notes, significant amounts reclassified out of AOCI by the respective line items of net income but only if the
amount reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same
reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to
net income, an entity is required to cross-reference to other disclosures required under U.S. GAAP that provide
additional detail about those amounts. We do not expect the adoption of ASU 2013-02 to have a material impact
on our Consolidated Financial Statements.
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