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Derivative Financial Instruments
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<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=Content-Type content="text/html; charset=utf-8">
<META content="MSHTML 6.00.2900.3492" name=GENERATOR></HEAD>
<BODY>
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 10pt" face="Times New Roman" size=2></FONT> </P>
<H6
style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; COLOR: yellow; LETTER-SPACING: -0.1pt; TEXT-ALIGN: justify; punctuation-wrap: simple"><B><FONT
style="FONT-SIZE: 10pt; COLOR: windowtext; LETTER-SPACING: 0pt"
face="Times New Roman" color=black size=2>7.
Derivative Financial Instruments</FONT></B></H6>
<H6
style="FONT-WEIGHT: bold; MARGIN: 0in 0in 0pt; COLOR: yellow; LETTER-SPACING: -0.1pt; TEXT-ALIGN: justify; punctuation-wrap: simple"><B><FONT
style="FONT-SIZE: 10pt; COLOR: windowtext; LETTER-SPACING: 0pt"
face="Times New Roman" color=black size=2></FONT></B> </H6>
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 10pt" face="Times New Roman" size=2>Derivative financial
instruments are reported at fair value on the </FONT><FONT
style="FONT-SIZE: 10pt" size=2>Consolidated Statements of Financial
Position</FONT><FONT style="FONT-SIZE: 10pt" size=2>. Our derivative instruments
have been primarily interest rate swaps. We use these derivatives to mitigate
our interest rate risk. We have counterparty credit risk resulting from
our derivative instruments. This risk lies primarily with two global financial
institutions. We monitor this concentration of counterparty credit risk on
an ongoing basis.</FONT></P>
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 10pt" face="Times New Roman" size=2></FONT> </P>
<P
style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1pt; TEXT-ALIGN: justify; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 10pt" face="Times New Roman" size=2>Historically, the majority
of our derivative instruments were designated as hedge instruments in accordance
with applicable accounting guidance. The changes in market value of an
interest rate swap, as well as the offsetting change in market value of the
hedged debt, were recognized within earnings in the current period.
</FONT><FONT style="FONT-SIZE: 10pt" size=2>We assessed at the inception of the
derivative hedge whether the hedge was highly effective in offsetting changes in
fair value or cash flows of hedged items. </FONT><FONT style="FONT-SIZE: 10pt"
size=2>Ineffectiveness resulted when changes in the market value of the hedged
debt were not completely offset by changes in the market value of the interest
rate swap. For those derivative contracts whose terms met the conditions of the
“short-cut method”, 100 percent hedge effectiveness was assumed. There was
no ineffectiveness recognized during the three and six months ended
August 1, 2009 and August 2, 2008 related to our hedges. At
August 1, 2009, we had no derivative instruments designated as accounting
hedges.</FONT></P>
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 10pt" face="Times New Roman" size=2></FONT> </P>
<P
style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 1pt; TEXT-ALIGN: justify; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 10pt" face="Times New Roman" size=2>During the first quarter
of 2008, we terminated certain “pay floating” interest rate swaps with a
combined notional amount of $3,125 million for cash proceeds of $160 million,
which are classified within other operating cash flows in the Consolidated
Statements of Cash Flows. Because these swaps were designated as hedges,
concurrent with their terminations, we stopped making market value adjustments
to the associated hedged debt. Gains realized upon termination are being
amortized into earnings over the remaining life of the associated hedged
debt.</FONT></P>
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 10pt" face="Times New Roman" size=2></FONT> </P>
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 10pt" face="Times New Roman" size=2>Additionally, during 2008,
we de-designated certain “pay floating” interest rate swaps, and upon
de-designation, these swaps no longer qualified for hedge accounting treatment.
As a result of the de-designation, the unrealized gains on these swaps
determined at the date of de-designation are being amortized into earnings over
the remaining lives of the previously hedged items.</FONT></P>
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 10pt" face="Times New Roman" size=2></FONT> </P>
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 10pt" face="Times New Roman" size=2>Total net gains amortized
into net interest expense for terminated and de-designated swaps were $15
million during each of the three months ended August 1, 2009 and
August 2, 2008. Total net gains amortized into net interest expense
for terminated and de-designated swaps were $33 million and $26 million during
the six months ended August 1, 2009 and August 2, 2008, respectively.
The amount remaining on unamortized hedged debt valuation gains from terminated
and de-designated interest rate swaps that will be amortized into earnings over
the remaining lives totaled $230 million,<B> </B>$263 million and $221 million,
at August 1, 2009, January 31, 2009 and August 2,
2008.</FONT></P>
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 10pt" face="Times New Roman" size=2></FONT> </P>
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 10pt" face="Times New Roman" size=2>Simultaneous to the
de-designations during 2008, we entered into “pay fixed” swaps to economically
hedge the risks associated with the de-designated “pay floating” swaps. These
swaps are not designated as hedging instruments and along with the de-designated
“pay floating” swaps are measured at fair value. Changes in fair value
measurements are a component of net interest expense on the Consolidated
Statements of Operations.</FONT></P>
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 10pt" face="Times New Roman" size=2></FONT> </P>
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 10pt" face="Times New Roman" size=2>Periodic payments,
valuation adjustments and amortization of gains or losses from the termination
or de-designation of derivative contracts are summarized below:</FONT></P>
<DIV
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<P
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: medium none; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 10pt" face="Times New Roman" size=2></FONT> </P></DIV>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" cellSpacing=0
cellPadding=0 width="100%" border=0>
<TBODY>
<TR>
<TD
style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; WIDTH: 49%; PADDING-TOP: 0in"
vAlign=bottom width="49%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><B><FONT
style="FONT-WEIGHT: bold; FONT-SIZE: 10pt" face="Times New Roman"
size=2>Derivative Contracts – Effect on Results of
Operations</FONT></B></P></TD>
<TD
style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; WIDTH: 2.5%; PADDING-TOP: 0in"
vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 1pt" face="Times New Roman" size=2></FONT> </P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 22.5%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid"
vAlign=bottom width="22%" colSpan=5>
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center; punctuation-wrap: simple"
align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman"
size=2>Three Months Ended</FONT></P></TD>
<TD
style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; WIDTH: 2.5%; PADDING-TOP: 0in"
vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 1pt" face="Times New Roman" size=2></FONT> </P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 22.5%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid"
vAlign=bottom width="22%" colSpan=5>
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center; punctuation-wrap: simple"
align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman"
size=2>Six Months Ended</FONT></P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid"
vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 1pt" face="Times New Roman"
size=2></FONT> </P></TD></TR>
<TR>
<TD
style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; WIDTH: 28.5%; PADDING-TOP: 0in"
vAlign=bottom width="28%">
<P
style="MARGIN: 0in 0in 0pt 10pt; TEXT-INDENT: -10pt; TEXT-ALIGN: center; punctuation-wrap: simple"
align=center><FONT style="FONT-SIZE: 1pt" face="Times New Roman"
size=2></FONT> </P></TD>
<TD
style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; WIDTH: 2.5%; PADDING-TOP: 0in"
vAlign=bottom width="2%">
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center; punctuation-wrap: simple"
align=center><B><FONT style="FONT-WEIGHT: bold; FONT-SIZE: 1pt"
face="Times New Roman" size=2></FONT></B> </P></TD>
<TD
style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; WIDTH: 18%; PADDING-TOP: 0in"
vAlign=bottom width="18%">
<P
style="MARGIN: 0in 0in 0pt 10pt; TEXT-INDENT: -10pt; TEXT-ALIGN: center; punctuation-wrap: simple"
align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman"
size=2>Classification of</FONT></P></TD>
<TD
style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; WIDTH: 2.5%; PADDING-TOP: 0in"
vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 1pt" face="Times New Roman" size=2></FONT> </P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none"
vAlign=bottom width="10%" colSpan=2>
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right; punctuation-wrap: simple"
align=right><B><FONT style="FONT-WEIGHT: bold; FONT-SIZE: 10pt"
face="Times New Roman" size=2>August 1,</FONT></B></P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.5%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none"
vAlign=bottom width="2%">
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right; punctuation-wrap: simple"
align=right><B><FONT style="FONT-WEIGHT: bold; FONT-SIZE: 1pt"
face="Times New Roman" size=2></FONT></B> </P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none"
vAlign=bottom width="10%" colSpan=2>
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right; punctuation-wrap: simple"
align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman"
size=2>August 2,</FONT></P></TD>
<TD
style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; WIDTH: 2.5%; PADDING-TOP: 0in"
vAlign=bottom width="2%">
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right; punctuation-wrap: simple"
align=right><FONT style="FONT-SIZE: 1pt" face="Times New Roman"
size=2></FONT> </P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none"
vAlign=bottom width="10%" colSpan=2>
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right; punctuation-wrap: simple"
align=right><B><FONT style="FONT-WEIGHT: bold; FONT-SIZE: 10pt"
face="Times New Roman" size=2>August 1,</FONT></B></P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.5%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none"
vAlign=bottom width="2%">
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right; punctuation-wrap: simple"
align=right><FONT style="FONT-SIZE: 1pt" face="Times New Roman"
size=2></FONT> </P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: windowtext 1pt solid; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none"
vAlign=bottom width="10%" colSpan=2>
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right; punctuation-wrap: simple"
align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman"
size=2>August 2,</FONT></P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1%; PADDING-TOP: 0in; BORDER-BOTTOM: medium none"
vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 1pt" face="Times New Roman"
size=2></FONT> </P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 28.5%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid"
vAlign=bottom width="28%">
<P
style="MARGIN: 0in 0in 0pt 10pt; TEXT-INDENT: -10pt; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 8pt" face="Times New Roman"
size=1>(millions)</FONT></P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.5%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid"
vAlign=bottom width="2%">
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center; punctuation-wrap: simple"
align=center><FONT style="FONT-SIZE: 1pt" face="Times New Roman"
size=2></FONT> </P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 18%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid"
vAlign=bottom width="18%">
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center; punctuation-wrap: simple"
align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman"
size=2>Income/(Expense)</FONT></P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.5%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid"
vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><B><FONT
style="FONT-WEIGHT: bold; FONT-SIZE: 1pt" face="Times New Roman"
size=2></FONT></B> </P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid"
vAlign=bottom width="10%" colSpan=2>
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right; punctuation-wrap: simple"
align=right><B><FONT style="FONT-WEIGHT: bold; FONT-SIZE: 10pt"
face="Times New Roman" size=2>2009</FONT></B></P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.5%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid"
vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 1pt" face="Times New Roman" size=2></FONT> </P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid"
vAlign=bottom width="10%" colSpan=2>
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right; punctuation-wrap: simple"
align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman"
size=2>2008</FONT></P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.5%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid"
vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><B><FONT
style="FONT-WEIGHT: bold; FONT-SIZE: 1pt" face="Times New Roman"
size=2></FONT></B> </P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid"
vAlign=bottom width="10%" colSpan=2>
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right; punctuation-wrap: simple"
align=right><B><FONT style="FONT-WEIGHT: bold; FONT-SIZE: 10pt"
face="Times New Roman" size=2>2009</FONT></B></P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.5%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid"
vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 1pt" face="Times New Roman" size=2></FONT> </P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 10%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid"
vAlign=bottom width="10%" colSpan=2>
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right; punctuation-wrap: simple"
align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman"
size=2>2008</FONT></P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1pt solid"
vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 1pt" face="Times New Roman"
size=2></FONT> </P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 28.5%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid"
vAlign=bottom width="28%">
<P
style="MARGIN: 0in 0in 0pt 10pt; TEXT-INDENT: -10pt; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 10pt" face="Times New Roman" size=2>Interest Rate
Swaps</FONT></P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.5%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid"
vAlign=bottom width="2%">
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center; punctuation-wrap: simple"
align=center><FONT style="FONT-SIZE: 1pt" face="Times New Roman"
size=2></FONT> </P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 18%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid"
vAlign=bottom width="18%">
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center; punctuation-wrap: simple"
align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman"
size=2>Other interest expense</FONT></P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.5%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid"
vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><B><FONT
style="FONT-WEIGHT: bold; FONT-SIZE: 1pt" face="Times New Roman"
size=2></FONT></B> </P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid"
vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><B><FONT
style="FONT-WEIGHT: bold; FONT-SIZE: 10pt" face="Times New Roman"
size=2>$</FONT></B></P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 8.7%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid"
vAlign=bottom width="8%">
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right; punctuation-wrap: simple"
align=right><B><FONT style="FONT-WEIGHT: bold; FONT-SIZE: 10pt"
face="Times New Roman" size=2>16</FONT></B></P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.5%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid"
vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 1pt" face="Times New Roman" size=2></FONT> </P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid"
vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 10pt" face="Times New Roman" size=2>$</FONT></P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 8.7%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid"
vAlign=bottom width="8%">
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right; punctuation-wrap: simple"
align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman"
size=2>19</FONT></P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.5%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid"
vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><B><FONT
style="FONT-WEIGHT: bold; FONT-SIZE: 1pt" face="Times New Roman"
size=2></FONT></B> </P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid"
vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><B><FONT
style="FONT-WEIGHT: bold; FONT-SIZE: 10pt" face="Times New Roman"
size=2>$</FONT></B></P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 8.7%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid"
vAlign=bottom width="8%">
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right; punctuation-wrap: simple"
align=right><B><FONT style="FONT-WEIGHT: bold; FONT-SIZE: 10pt"
face="Times New Roman" size=2>32</FONT></B></P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 2.5%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid"
vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 1pt" face="Times New Roman" size=2></FONT> </P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1.3%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid"
vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 10pt" face="Times New Roman" size=2>$</FONT></P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 8.7%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid"
vAlign=bottom width="8%">
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right; punctuation-wrap: simple"
align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman"
size=2>32</FONT></P></TD>
<TD
style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; WIDTH: 1%; PADDING-TOP: 0in; BORDER-BOTTOM: windowtext 1.5pt solid"
vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 1pt" face="Times New Roman"
size=2></FONT> </P></TD></TR>
<TR height=0>
<TD
style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none"
width=213></TD>
<TD
style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none"
width=19></TD>
<TD
style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none"
width=135></TD>
<TD
style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none"
width=19></TD>
<TD
style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none"
width=10></TD>
<TD
style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none"
width=65></TD>
<TD
style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none"
width=19></TD>
<TD
style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none"
width=10></TD>
<TD
style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none"
width=65></TD>
<TD
style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none"
width=19></TD>
<TD
style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none"
width=10></TD>
<TD
style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none"
width=65></TD>
<TD
style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none"
width=19></TD>
<TD
style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none"
width=10></TD>
<TD
style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none"
width=65></TD>
<TD
style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; BORDER-BOTTOM: medium none"
width=7></TD></TR></TBODY></TABLE>
<P
style="MARGIN: 0in 0in 0pt 16.5pt; TEXT-INDENT: -16.5pt; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 10pt" face="Times New Roman" size=2></FONT> </P>
<P
style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify; punctuation-wrap: simple"><FONT
style="FONT-SIZE: 10pt" face="Times New Roman" size=2>For further description of
the fair value measurement of derivative contracts and their classification on
the Consolidated Statement of Financial Position, see Note 3, Fair Value
Measurements.</FONT></P></BODY></HTML>
7.
Derivative Financial Instruments
Derivative financial
instruments are reported at fair value on the
false
false
|
No definition available.
No authoritative reference available.
false
false
1
2
false
UnKnown
UnKnown
UnKnown
false
true