Excess cumulative change in derivative fair value over cumulative change in

expected future cash flows of the hedged item will be included in earnings.

Since the facility's value is equal to the present value of the

expected future cash flows to be generated over the facility's remaining useful life, cash flow consumption and, hence, depreciation in value are readily described by using present value concepts.

Moreover, a proposed change in accounting rules would require a creditor to measure the impairment of a loan based on the present value of

expected future cash flows instead of the nondiscounted approach in use today.

The rating actions reflect the actual pay-down performance of the NIM security to date and the

expected future cash flows of the underlying collateral.

the challenges to our acquired businesses, such as Silpada, including the effect of rising costs, macro-economic pressures, competition, and the impact of declines in

expected future cash flows and growth rates, and a change in the discount rate used to determine the fair value of

expected future cash flows, which have impacted, and may continue to impact, the estimated fair value of the recorded goodwill and intangible assets;

Directors will have to assess the value of the principal assets on the balance sheet and understand the

expected future cash flows, despite not generally liking to make quantified predictions.

An entity will report in other comprehensive income or in earnings the change in fair value of a derivative designated as a cash flow hedge, as necessary, to adjust the balance in other comprehensive income so it equals the lesser of either (a) the cumulative gain or loss on the derivative or (b) the cumulative change in

expected future cash flows on the hedged transaction.

If the sum of the

expected future cash flows is more than the carrying amount of the asset, no impairment loss is recognized.

0 million prior year gain attributable to APL's non-cash derivative gains, net of non-controlling interest, resulting from the mark-to-market adjustment of certain derivative positions that it maintains to hedge the variability in

expected future cash flows attributable to changes in commodity market prices.

The determination of

expected future cash flows involves judgment.

Otherwise, management can assess fair value using prices for similar assets or other valuation techniques, including the present value of

expected future cash flows, option-pricing models, matrix pricing, option-adjusted spread models, and fundamental analysis.

121 provides guidance on estimating

expected future cash flows and the kind of evidence and valuation techniques that should be used to estimate fair value.