NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
Accounting for Derivative Instruments
The Company recognizes derivatives in other current and non-current assets or liabilities in the
accompanying Consolidated Statements of Financial Position at their fair values. Refer to Note 15Fair Value Measurements for a detailed discussion of the fair value of its derivatives. The Company designates its interest rate contracts as cash
flow hedges of forecasted interest rate payments related to its variable-rate debt.
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