beplay体育下载2KLA Corporation季度报告根据第13或15（d）

根据第13或15（d）条的季度报告

Derivative Instruments and Hedging Activities

Derivative Instruments and Hedging Activities

3个月结束

2019年9月30日

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

NOTE 16 – DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

The authoritative guidance requires companies to recognize all derivative instruments and hedging activities, including foreign currency exchange contracts and interest rate lock agreements, (collectively “derivatives”) as either assets or liabilities at fair value on the Condensed Consolidated Balance Sheets. In accordance with the accounting guidance, we designate foreign currency exchange contracts and interest rate lock agreements as cash flow hedges of certain forecasted foreign currency denominated sales, purchase and spending transactions, and the benchmark interest rate of the corresponding debt financing, respectively.

Our foreign subsidiaries operate and sell our products in various global markets. As a result, we are exposed to risks relating to changes in foreign currency exchange rates. We utilize foreign currency forward exchange contracts and option contracts to hedge against future movements in foreign exchange rates that affect certain existing and forecasted foreign currency denominated sales and purchase transactions, such as the Japanese yen, the euro, the pound sterling and the Israeli new shekel. We routinely hedge our exposures to certain foreign currencies with various financial institutions in an effort to minimize the impact of certain currency exchange rate fluctuations. These currency forward exchange contracts and options, designated as cash flow hedges, generally have maturities of less than 18 months 。Cash flow hedges are evaluated for effectiveness monthly, based on changes in total fair value of the derivatives. If a financial counterparty to any of our hedging arrangements experiences financial difficulties or is otherwise unable to honor the terms of the foreign currency hedge, we may experience material losses.

In October 2014 , we entered into a series of forward contracts (“Rate Lock Agreements”) to lock the benchmark rate on a portion of the Senior Notes. The Rate Lock Agreements had a notional amount of 100亿美元 in aggregate which matured in the second quarter of the fiscal year ended June 30, 2015 。The Rate Lock Agreements were terminated on the date of the pricing of the $1.25 billion of 4.650% Senior Notes due in 2024 and we recorded the fair value of $7.5 million 从累积的其他综合收入（损失）（“ OCI”）中获得收益 December 31, 2014 。We recognized $ 20万美元 for each of the three months ended September 30, 2019 and 2018, for the amortization of the gain recognized in accumulated other comprehensive income (loss), which amount reduced the interest expense. As of 9月30日，2019 , the unamortized portion of the fair value of the forward contracts for the Rate Lock Agreements was $3.8 million 。有关更多详细信息，请参阅注释16，“衍生工具和对冲活动”的票据中的“合并财务报表”中包含的合并财务报表，我们的年度报告截至财政年度的10-K表格中， June 30, 2019 。

During the fiscal year ended June 30, 2018 , we entered into a series of forward contracts (the “2018 Rate Lock Agreements”) to lock the benchmark interest rate prior to expected debt issuances. The objective of the 2018 Rate Lock Agreements was to hedge the risk associated with the variability in interest rates due to the changes in the benchmark rate leading up to the closing of the intended financing on the notional amount being hedged. The 2018 Rate Lock Agreement had a notional amount of $500.0 million in aggregate, which matured and terminated in the third quarter of fiscal year ending June 30, 2019 and we recorded the fair value of $13.6 million as a loss within OCI. We recognized $0.3 million 累积OCI中确认的损失的摊销，这增加了三个月结束的利息费用 9月30日，2019 。作为 9月30日，2019 , the unamortized portion of the fair value of the 2018 Rate Lock Agreements was $13.0 million 。

对于被指定并有资格为现金流套期的衍生工具，在OCI中报告了收益或损失的有效部分，并在同一期间或期间重新分类为收益，在此期间，对冲交易影响收入。在采用对冲会计新会计指南之前，将时间价值排除在指定为现金流对冲的衍生品评估之外。时间价值以标记到市场的基础摊销，并在衍生合同的生命期间获得收益。对于采用新会计指南后执行的衍生合同，选举包括评估有效性时间的时间价值，是对指定为现金流套期的所有远期合同进行的。衍生产品的公允价值变化记录在OCI中，直到收入确认对冲项目为止。在采用新的会计指南后，指定为现金流套期的期权合同的有效性评估继续排除时间价值。在衍生合同期间的收入中确认了从有效性评估中排除的组件的初始价值。OCI中记录了排除组件的公允价值变更与确认收益的金额之间的任何差异。

对于未指定为现金流套罩的衍生工具，以其他费用（收入）确认收益和损失。我们使用外币远期合同来对冲某些以外币计价的资产或负债。这些衍生工具的收益和损失在很大程度上被应对资产或负债的公允价值变化所抵消。

Derivatives in Cash Flow Hedging Relationships: Foreign Exchange and Interest Rate Contracts

The gains (losses) on derivatives in cash flow hedging relationships recognized in OCI for the indicated periods were as follows:



	三个月结束了
	9月30日，
(In thousands)	2019			2018
Derivatives Designated as Hedging Instruments:
Foreign exchange contracts:
Amounts included in the assessment of effectiveness	$	(740	）	$	13,794
Amounts excluded from the assessment of effectiveness	$	(2	）	$	-

The locations and amounts of designated and non-designated derivative’s gains and losses reported in the Condensed Consolidated Statements of Operations for the indicated periods were as follows:



	三个月结束了9月30日，												三个月结束了9月30日，
	2019												2018
(In thousands)	Revenue			Cost of Revenues and Operating Expenses			Interest Expense			Other Expense (Income), Net			Revenue		Cost of Revenues			Interest Expense		Other Expense (Income), Net
Total amounts presented in the Condensed Consolidated Statement of Operations in which the effects of cash flow hedges are recorded	$	1,413,414		$	1,003,166		$	40,350		$	(1,618	）	$	1,093,260	$	381,387		$	26,362	$	(10,025	）
Gains (losses) on Derivatives Designated as Hedging Instruments:
费率锁定协议：
数量的gains (losses) reclassified from accumulated OCI to earnings	$	-		$	-		$	(99	）	$	-		$	-	$	-		$	-	$	-
Foreign exchange contracts:
数量的gains (losses) reclassified from accumulated OCI to earnings	$	475		$	（1,801	）	$	-		$	-		$	983	$	(134	）	$	188	$	-
根据摊销方法，收入中认可的有效性评估的金额不包括在评估中	$	(102	）	$	-		$	-		$	-		$	-	$	-		$	-	$	-
Amount excluded from the assessment of effectiveness	$	-		$	-		$	-		$	-		$	-	$	-		$	-	$	229
Gains (losses) on Derivatives Not Designated as Hedging Instruments:
数量的gains (losses) recognized in earnings	$	-		$	-		$	-		$	2,325		$	-	$	-		$	-	$	3,763

美元相当于所有杰出的notional amounts of foreign currency hedge contracts, with maximum remaining maturities of approximately ten months as of the dates indicated below were as follows:



(In thousands)	作为 9月30日，2019		作为 June 30, 2019
Cash flow hedge contracts - foreign currency
Purchase	$	26,488	$	31,108
Sell	$	117,761	$	113,226
其他外币对冲合同
Purchase	$	228,271	$	257,614
Sell	$	280,226	$	273,061

The locations and fair value of our derivatives reported in our Condensed Consolidated Balance Sheets as of the dates indicated below were as follows:



	Asset Derivatives					责任衍生物
	Balance Sheet Location	作为 9月30日，2019		作为 June 30, 2019		Balance Sheet Location	作为 9月30日，2019		作为 June 30, 2019
(In thousands)		公允价值					公允价值
指定为对冲乐器的衍生物
Foreign exchange contracts	Other current assets	608		397		Other current liabilities	824		2,097
指定为对冲工具的总导数		608		397			824		2,097
Derivatives not designated as hedging instruments
Foreign exchange contracts	Other current assets	3,000		2,160		Other current liabilities	1,845		1,237
Total derivatives not designated as hedging instruments		3,000		2,160			1,845		1,237
Total derivatives		$	3,608	$	2,557		$	2,669	$	3,334

The changes in OCI, before taxes, related to derivatives for the indicated periods were as follows:



	三个月结束了 9月30日，
(In thousands)	2019			2018
Beginning balance	$	(10,791	）	$	2,346
Amount reclassified to earnings	1,527			（1,037		）
Net change in unrealized gains or losses	(742		）	13,794
结束平衡	$	(10,006	）	$	15,103

衍生资产和负债的抵消

We present derivatives at gross fair values in the Condensed Consolidated Balance Sheets. We have entered into arrangements with each of our counterparties, which reduce credit risk by permitting net settlement of transactions with the same counterparty under certain conditions. The information related to the offsetting arrangements for the periods indicated was as follows (in thousands):



作为9月30日，2019									Gross Amounts of Derivatives Not Offset in the Condensed Consolidated Balance Sheets
Description	Gross Amounts of Derivatives			Gross Amounts of Derivatives Offset in the Condensed Consolidated Balance Sheets		Net Amount of Derivatives Presented in the Condensed Consolidated Balance Sheets			Financial Instruments			Cash Collateral Received		Net Amount
Derivatives - Assets	$	3,608		$	-	$	3,608		$	(2,027	）	$	-	$	1,581
Derivatives - Liabilities	$	(2,669	）	$	-	$	(2,669	）	$	2,027		$	-	$	（642	）



截至2019年6月30日									Gross Amounts of Derivatives Not Offset in the Condensed Consolidated Balance Sheets
Description	Gross Amounts of Derivatives			Gross Amounts of Derivatives Offset in the Condensed Consolidated Balance Sheets		Net Amount of Derivatives Presented in the Condensed Consolidated Balance Sheets			Financial Instruments			Cash Collateral Received		Net Amount
Derivatives - Assets	$	2,557		$	-	$	2,557		$	（1,397	）	$	-	$	1,160
Derivatives - Liabilities	$	(3,334	）	$	-	$	(3,334	）	$	1,397		$	-	$	（1,937	）