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Foreign Currency Contract

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Foreign Currency Contract


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Other net income, which primarily relates to net unrealized mark-to-market gains on non-operating assets and foreign currency contracts and balances, was $5.
The Tax Court held that a foreign currency call option is not a foreign currency contract under the plain language of the IRC [section] 1256 contract mark-to-market rules.
Strong actions on costs, together with the protection of foreign currency contracts, protected the company from the severe change in market conditions.
 
 
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