EFTA01366954.pdf

Amendment #4 Page 525 of 868 TA!! cctlftwil• pricing the asset or liateny, aro are based on market data obtained from sources independent of is. Unobservable nous reflect assumptions market participants would Ilse in pricing tie asset or Saban/ based on the test informaton available in the circumstarces The rserarchy is broken down rao three levels based on the rebaday of moots as follows Level 1—Valuations based on quoted aces in active markets for denbcal assets or liabilities that we have the ally to access. Valuation &Waimea& and dock discounts are not applied to Level 1 instruments Because valuators are based on quoted paces that are read./ and regularly avalable in an acme market, valuation of these instruments does rot entail a significant degree of judgment Level 2—Vatedons based on quoted paces in markets that are not active or for which al regal cant inputs are observatie ether dread/ or narectry Valuationsfor Level 2 are prepared on an indiniel instrument taws using data Maned from recent transactors fa deMcal secuntes n inaarve markets or prang data from simldr insthrnents n active and inactive mantas Level 3—Vabatons based on noes that are unobservable and signficarr to the overal fair vake measisement For cash and cash equwalerts cash committed for construction projects restricted cash, accounts renewable. accounts payable, and accrued liabilities. the carrying anoint approximates fair value because of the short-term matuity d the instrtrnerts For due to parent and affiliates, the carrying amount approximaes far value based on compered° market interest rates for wily ristruments See hble 5 for disclosures related to the fair value dots long-ferm debt and Note 7 for drsclosures related to the far value of derivative instruments Foreign Lanny We determine the (sent Orel curency d each entity based on a number of factors indica° the predominant currency fa the entity's sales and expendkres and the entitys batten ngs Khan an entity s local currency * considered its functional currency we transbte its financial statements to U S Dollars as follows • Assets and babbles using exchange rates in effect at the balance sheet date, and • Statement of operations accounts at weoted average exchange rates for the penod Adjustments from the translation p'ocess are presented in accumulated other comae henvve rcorne (Ices) in total equity Transaction gains and losses tat arse from exchange rate Wets one on transactions and balances denonsreted in a currency other than the functional carency are generally included in the results of operations as incurred Foreign currency transaction (gains) or losses are included in other (income) expense, net in the combined statements of operators and foaled 3(4,039) and 32,247 dunng the years ended Oecernter 31, 2014 and 2013. respectively Comprehensive income ant/loaf Comprenensne income and loss represents a measure of all dianges In eaury trot result from recograed trarsactions are other economc events other von transactions with owners n trier capaoty as owners DarivatNo financial instruments and hedging activities All derivative instrumentsare recogwea in tre comonso balance sheet at far value. Derrvatwes rot designated for redge accounting arid used to hedge foreign- currencydenomreted balance sheet items are reported Wee* in earrings along with offsetting transaction gars aro losses on the Aetna Deng hedged F-205 http://cfdocs.btogo.com:27638/cf/drv7/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058482 CONFIDENTIAL SDNY_GM_00204688 EFTA01366954