Amendment #4 Page 526 of 868 Teter. 9f. c.PIttyrii• Denvabves used to hedge foreign-currency deromireted cash Item and hoeing rate debt may be accounted for as cash flow hedges. as deemed appropriate Gars arid losses on denverves designated as cash flow redges are recorded in ether comprehensive income (lass) and reclassified to earrings in a manner that matches the timing of the earnings impact of the hedged transactions The neffectioe porton of all hedges. d any. is recognized currently in earrings The effectnre portion of the hedge wit be recorded in the same merman foreign currency transieion adustment in other comprehensive (loss) income Mien the hedge position a dissolved and we recognize again or loss in other income (expense), The associated hedge gain or loss in other comprehensive income (loss) will be reclassified to otter mare (expense) New accounting standards In ..furry 2013. the FASB issued ASU 2013-11, Income Taxes (Topic 740) Presentation of an Unrecogrued Tax Bereft Mon a Net Opentrng Loss Canytontard. a Similar Tax Loss. or a Tax Creo'it Cartylcnvard Exats. or ASU No 2013-11 The amendments of ASU 2013-11, which were adopted on January 1. 2014, require an ertity b present an unrecognized tax beneft, or a portian of an unrecognized tax bereft, as a reduction of a deferred tax asset brand operating loss, or NOL. a similar tax bee or tie credit carryforward rather than a bablity when the breeder tax position wood reduce the NOL or ether canyforward under the tax taw of the applicable iurisdicton and the entity intends b use the deferred tax asset fa that purpose. The adoption of the guidance dd rot result in any material rnpact to our combined financial statements. In May 2014, me FASB issued ASV 2014-09, Revenue from CeltaCIS wall Gustavo's. which requires an enbty to recognize the amount of revenue to which it expects to be erected for the transfer of promised goals or services to customers. MU 201409 WI replace most exist revenu