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As of June 28, 2013, we had outstanding the following purchased foreign exchange contracts (in millions, except
weighted average contract rate):
Contract
Amount
Weighted Average
Contract Rate*
Unrealized
Gain
(Loss)
Foreign exchange contracts:
Cash flow hedges:
Japanese Yen . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 198
$99.39
$ 2
Malaysian Ringgit . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 264
$ 3.13
$ (4)
Philippine Peso . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
42
$42.25
--
Singapore Dollar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
49
$ 1.24
$ (1)
Thai Baht . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,186
$29.84
$(43)
Fair value hedges:
British Pound Sterling . . . . . . . . . . . . . . . . . . . . . . . . $
3
$ 0.66
--
Euro . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
12
$ 0.77
--
Japanese Yen . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
88
$99.16
--
Philippine Peso . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
23
$43.22
--
Thai Baht . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
89
$31.17
--
* Expressed in units of foreign currency per U.S. dollar
In 2013, 2012 and 2011, total net realized transaction and foreign exchange contract currency gains and losses
were not material to our consolidated financial statements.
Disclosure About Other Market Risks
Variable Interest Rate Risk
Borrowings under the Credit Facility bear interest at a rate equal to, at the option of the applicable Borrower,
either (a) a LIBOR rate determined by reference to the British Bankers Association LIBOR Rate for the interest period
relevant to such borrowing, subject to certain exceptions (the "Eurodollar Rate") or (b) a base rate determined by
reference to the higher of (i) the federal funds rate plus 0.50%, (ii) the prime rate as announced by Bank of America,
N.A. and (iii) the Eurodollar Rate plus 1.00% (the "Base Rate"), in each case plus an applicable margin. The appli-
cable margin for borrowings under the Credit Facility ranges from 1.50% to 2.50% with respect to borrowings at the
Eurodollar Rate and 0.50% to 1.50% with respect to borrowings at the Base Rate. The applicable margins for
borrowings under the Credit Facility are determined based upon a leverage ratio of the Company and its subsidiaries
calculated on a consolidated basis. If the federal funds rate, prime rate or LIBOR rate increase, our interest payments
could also increase. A one percent increase in the variable rate of interest on the term loan facility would increase
interest expense by approximately $20 million annually.
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