2.2.0.7 false The Fair Value of Financial Instruments 0221 - Disclosure - The Fair Value of Financial Instruments true false false false 1 USD false false USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USDEPS Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 $ 2 The Fair Value of Financial Instruments [Abstract] 0 us-gaap_DerivativeInstrumentsInStatementOfFinancialPositionFairValueAbstract us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 3 The Fair Value of Financial Instruments 1 us-gaap_FairValueDisclosuresTextBlock us-gaap true na duration No definition available. false false false false false false false false false false false verboselabel false 1 false false false false 0 0   <div style="font-family: 'Times New Roman',Times,serif; margin-left: .05in; width: 7.50in"> <div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>21. The Fair Value of Financial Instruments</b> </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>(1) Cash and Cash Equivalents, Time Deposits, Trade Notes and Accounts Receivable, Other Current Assets, Short-Term Debt, Trade Notes, Bills and Accounts Payables, and Other Current Liabilities</b> </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The carrying amount approximates fair value because of the short maturity of these instruments. </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>(2) Investment Securities, Marketable Equity Securities</b> </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The fair values of investment securities available for sale for which it is practicable to estimate fair value are based on quoted market prices and are recognized on the accompanying consolidated balance sheets. </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>(3) Long-Term Trade Receivables, Including Current Portion</b> </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The fair values of long-term trade receivables are based on the present value of future cash flows through maturity, discounted using estimated current interest rates. The fair values computed on such a basis approximate the carrying amounts (Note 5). </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>(4) Long-Term Debt, Including Current Portion</b> </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The fair values of each of the long-term debts are based on the quoted price in the most active market or the present value of future cash flows associated with each instrument discounted using the current borrowing rate for similar debt of comparable maturity. </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>(5) Derivatives</b> </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The fair values of derivative financial instruments, consisting principally of foreign exchange contracts and interest swap agreements, are estimated by obtaining quotes from brokers and are recognized on the accompanying consolidated balance sheets. </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">The carrying amounts and the estimated fair values of the financial instruments, including financial instruments not qualifying as hedge, as of March 31, 2010 and 2009, are summarized as follows: </div> <div align="center"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="28%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="7%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="7%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="7%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="7%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="7%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="7%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="14" style="border-bottom: 1px solid #000000">Millions of yen</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">Thousands of U.S. dollars</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>2010</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000">2009</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6" style="border-bottom: 1px solid #000000"><b>2010</b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Carrying</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Estimated</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Carrying</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Estimated</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Carrying</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">Estimated</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">amount</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">fair value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">amount</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">fair value</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">amount</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">fair value</td> <td> </td> </tr>   <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Investment securities, marketable equity securities </div></td> <td> </td> <td align="left"><b>¥</b></td> <td align="right"><b>47,178</b></td> <td> </td> <td> </td> <td align="left"><b>¥</b></td> <td align="right"><b>47,178</b></td> <td> </td> <td> </td> <td align="left">¥</td> <td align="right">37,066</td> <td> </td> <td> </td> <td align="left">¥</td> <td align="right">37,066</td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>507,290</b></td> <td> </td> <td> </td> <td align="left"><b>$</b></td> <td align="right"><b>507,290</b></td> <td> </td> </tr> <tr valign="bottom" style="padding-top: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">Long-term debt, including current portion </div></td> <td> </td> <td> </td> <td align="right"><b>462,941</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>460,916</b></td> <td> </td> <td> </td> <td> </td> <td align="right">379,768</td> <td> </td> <td> </td> <td> </td> <td align="right">376,108</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>4,977,860</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>4,956,086</b></td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff; padding-top: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">Derivatives: </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="padding-top: 1px"> <td> <div style="margin-left:30px; text-indent:-15px">Forwards and options </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff; padding-top: 1px"> <td> <div style="margin-left:45px; text-indent:-15px">Assets </div></td> <td> </td> <td> </td> <td align="right"><b>181</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>181</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,321</td> <td> </td> <td> </td> <td> </td> <td align="right">1,321</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>1,947</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>1,947</b></td> <td> </td> </tr> <tr valign="bottom" style="padding-top: 1px"> <td> <div style="margin-left:45px; text-indent:-15px">Liabilities </div></td> <td> </td> <td> </td> <td align="right"><b>2,078</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>2,078</b></td> <td> </td> <td> </td> <td> </td> <td align="right">1,817</td> <td> </td> <td> </td> <td> </td> <td align="right">1,817</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>22,344</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>22,344</b></td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff; padding-top: 1px"> <td> <div style="margin-left:30px; text-indent:-15px">Interest rate swap, cross-currency swap and interest rate cap agreements </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="padding-top: 1px"> <td> <div style="margin-left:45px; text-indent:-15px">Assets </div></td> <td> </td> <td> </td> <td align="right"><b>9,172</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>9,172</b></td> <td> </td> <td> </td> <td> </td> <td align="right">10,530</td> <td> </td> <td> </td> <td> </td> <td align="right">10,530</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>98,623</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>98,623</b></td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff; padding-top: 1px"> <td> <div style="margin-left:45px; text-indent:-15px">Liabilities </div></td> <td> </td> <td> </td> <td align="right"><b>2,550</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>2,550</b></td> <td> </td> <td> </td> <td> </td> <td align="right">4,038</td> <td> </td> <td> </td> <td> </td> <td align="right">4,038</td> <td> </td> <td> </td> <td> </td> <td align="right"><b>27,419</b></td> <td> </td> <td> </td> <td> </td> <td align="right"><b>27,419</b></td> <td> </td> </tr>  </table> </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt"><b>Limitations</b> </div> <div align="justify" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could affect the estimates. </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif; margin-left: .05in; width: 7.50in"> </div>  <!-- Begin Block Tagged Note false false false us-types:textBlockItemType textblock This item represents the complete disclosure regarding 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 disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the Company is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risk is are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. 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