Disclosures about Fair Value of Financial Instruments and Concentrations of Credit Risk (Tables)

12 Months Ended

Dec. 31, 2011

Estimated Fair Values of Canon's Financial Instruments

The estimated fair values of Canon’s financial instruments at December 31, 2011 and 2010 are set forth below. The following summary excludes cash and cash equivalents, trade receivables, finance receivables, noncurrent receivables, short-term loans, trade payables and accrued expenses for which fair values approximate their carrying amounts. The summary also excludes investments which are disclosed in Note 2.


	December 31
	2011						2010
	Carrying amount			Estimated fair value			Carrying amount			Estimated fair value
	(Millions of yen)
Long-term debt, including current installments	¥	(7,070	)	¥	(7,053	)	¥	(9,260	)	¥	(9,245	)
Foreign exchange contracts:
Assets		4,718			4,718			11,950			11,950
Liabilities		(2,610	)		(2,610	)		(913	)		(913	)

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

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+ Details