Herbalife Ltd. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2015

Derivative Assets and Liabilities Measured at Fair Value

The Company’s derivative assets and liabilities are measured at fair value and consisted of Level 2 inputs and their amounts are shown below at their gross values at March 31, 2015 and December 31, 2014:

Fair Value Measurements at Reporting Date


	Derivative Balance Sheet Location	Significant Other Observable Inputs (Level 2) Fair Value at March 31, 2015		Significant Other Observable Inputs (Level 2) Fair Value at December 31, 2014
		(in millions)
ASSETS:
Derivatives designated as hedging instruments:
Foreign exchange currency contracts relating to inventory and intercompany management fee hedges	Prepaid expenses and other current assets	$	18.2	$	12.3
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	Prepaid expenses and other current assets	$	2.5	$	2.2

		$	20.7	$	14.5

LIABILITIES:
Derivatives designated as hedging instruments:
Foreign exchange currency contracts relating to inventory and intercompany management fee hedges	Accrued expenses	$	6.1	$	1.6
Derivatives not designated as hedging instruments:
Foreign exchange currency contracts	Accrued expenses	$	2.6	$	3.8

		$	8.7	$	5.4

Offsetting of Derivative Assets

The following tables summarize the offsetting of the fair values of the Company’s derivative assets and derivative liabilities for presentation in the Company’s condensed consolidated balance sheet at March 31, 2015 and December 31, 2014:


	Offsetting of Derivative Assets
	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Balance Sheet			Net Amounts of Assets Presented in the Balance Sheet
	(In millions)
March 31, 2015
Foreign exchange currency contracts	$	20.7	$	(7.8	)	$	12.9

Total	$	20.7	$	(7.8	)	$	12.9

December 31, 2014
Foreign exchange currency contracts	$	14.5	$	(5.4	)	$	9.1

Total	$	14.5	$	(5.4	)	$	9.1

Offsetting of Derivative Liabilities


	Offsetting of Derivative Liabilities
	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Balance Sheet			Net Amounts of Liabilities Presented in the Balance Sheet
	(In millions)
March 31, 2015
Foreign exchange currency contracts	$	8.7	$	(7.8	)	$	0.9

Total	$	8.7	$	(7.8	)	$	0.9

December 31, 2014
Foreign exchange currency contracts	$	5.4	$	(5.4	)	$	—

Total	$	5.4	$	(5.4	)	$	—