Brunswick Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Financial Instruments (Tables)

Financial Instruments (Tables)

6 Months Ended

Jul. 02, 2011

As of July 2, 2011, the fair values of the Company's derivative instruments were:

(in millions)
	Derivative Assets			Derivative Liabilities
Instrument	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value

Foreign exchange contracts	Prepaid expenses and other	$	1.4	Accrued expenses	$	2.5
Commodity contracts	Prepaid expenses and other		1.5	Accrued expenses		0.1

Total		$	2.9		$	2.6

As of December 31, 2010, the fair values of the Company's derivative instruments were:

(in millions)
	Derivative Assets			Derivative Liabilities
Instrument	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value

Foreign exchange contracts	Prepaid expenses and other	$	1.1	Accrued expenses	$	3.4
Commodity contracts	Prepaid expenses and other		2.4	Accrued expenses		0.2

Total		$	3.5		$	3.6

Consolidated Statement of Operations - effect of derivative instruments

The effect of derivative instruments on the Consolidated Statement of Operations for the three months ended July 2, 2011, was:

(in millions)
Fair Value Hedging Instruments	Location of (Loss) on Derivatives Recognized in Earnings	Amount of (Loss) on Derivatives Recognized in Earnings

Foreign exchange contracts	Cost of sales	$	(1.0	)

Total		$	(1.0	)

Cash Flow Hedge Instruments	Amount of Gain (Loss) on Derivatives Recognized in Accumulated Other Comprehensive Loss (Effective Portion)			Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings (Effective Portion)	Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings (Effective Portion)

Interest rate contracts	$	-		Interest expense	$	0.2
Foreign exchange contracts		(1.8	)	Cost of sales		(4.4	)
Commodity contracts		(0.4	)	Cost of sales		1.2

Total	$	(2.2	)		$	(3.0	)

The effect of derivative instruments on the Consolidated Statement of Operations for the six months ended July 2, 2011, was:

(in millions)
Fair Value Hedging Instruments	Location of (Loss) on Derivatives Recognized in Earnings	Amount of (Loss) on Derivatives Recognized in Earnings

Foreign exchange contracts	Cost of sales	$	(2.3	)
Foreign exchange contracts	Other income (expense), net		(0.1	)

Total		$	(2.4	)

Cash Flow Hedge Instruments	Amount of Gain (Loss) on Derivatives Recognized in Accumulated Other Comprehensive Loss (Effective Portion)			Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings (Effective Portion)	Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings (Effective Portion)

Interest rate contracts	$	-		Interest expense	$	0.5
Foreign exchange contracts		(6.7	)	Cost of sales		(6.1	)
Commodity contracts		1.2		Cost of sales		2.0

Total	$	(5.5	)		$	(3.6	)

The effect of derivative instruments on the Consolidated Statement of Operations for the three months ended July 3, 2010, was:

(in millions)
Fair Value Hedging Instruments	Location of Gain on Derivatives Recognized in Earnings	Amount of Gain on Derivatives Recognized in Earnings

Foreign exchange contracts	Cost of sales	$	2.7
Foreign exchange contracts	Other income (expense), net		0.2

Total		$	2.9

Cash Flow Hedge Instruments	Amount of Gain on Derivatives Recognized in Accumulated Other Comprehensive Loss (Effective Portion)		Location of Gain Reclassified from Accumulated Other Comprehensive Loss into Earnings (Effective Portion)	Amount of Gain Reclassified from Accumulated Other Comprehensive Loss into Earnings (Effective Portion)

Interest rate contracts	$	-	Interest expense	$	0.2
Foreign exchange contracts		3.3	Cost of sales		0.6
Commodity contracts		0.4	Cost of sales		0.8

Total	$	3.7		$	1.6

The effect of derivative instruments on the Consolidated Statement of Operations for the six months ended July 3, 2010, was:

(in millions)
Fair Value Hedging Instruments	Location of Gain on Derivatives Recognized in Earnings	Amount of Gain on Derivatives Recognized in Earnings

Foreign exchange contracts	Cost of sales	$	4.0
Foreign exchange contracts	Other income (expense), net		0.5

Total		$	4.5

Cash Flow Hedge Instruments	Amount of Gain (Loss) on Derivatives Recognized in Accumulated Other Comprehensive Loss (Effective Portion)			Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Earnings (Effective Portion)	Amount of Gain Reclassified from Accumulated Other Comprehensive Loss into Earnings (Effective Portion)

Interest rate contracts	$	-		Interest expense	$	0.5
Foreign exchange contracts		5.2		Cost of sales		0.2
Commodity contracts		(2.5	)	Cost of sales		0.5

Total	$	2.7			$	1.2

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References + Details

- 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 + Details