JOHNSON & JOHNSON | 2013 | FY | 3


The Company’s significant financial assets and liabilities measured at fair value as of December 29, 2013 and December 30, 2012 were as follows:
 
 
 
 
 
 
 
 
2013
 
2012
(Dollars in Millions)
 
Level 1
 
Level 2
 
Level 3
 
Total
 
Total (1)
Derivatives designated as hedging instruments:
 
 

 
 

 
 

 
 

 
 

Assets:
 
 

 
 

 
 

 
 

 
 

Forward foreign exchange contracts
 
$

 
537

 

 
537

 
423

Interest rate contracts (2)
 

 
169

 

 
169

 
98

Total
 

 
706

 

 
706

 
521

Liabilities:
 
 

 
 

 
 

 
 

 
 

Forward foreign exchange contracts
 

 
133

 

 
133

 
252

Interest rate contracts (3) (4)
 

 
26

 

 
26

 
10

Total
 

 
159

 

 
159

 
262

Derivatives not designated as hedging instruments:
 
 

 
 

 
 

 
 

 
 

Assets:
 
 

 
 

 
 

 
 

 
 

Forward foreign exchange contracts
 

 
25

 

 
25

 
75

Liabilities:
 
 

 
 

 
 

 
 

 
 

Forward foreign exchange contracts
 

 
29

 

 
29

 
23

Other investments (5)
 
$
333

 

 

 
333

 
1,247



(1) 
2012 assets and liabilities are all classified as Level 2 with the exception of Other investments of $1,247 million, which are classified as Level 1.
(2) 
Includes $169 million and $96 million of non-current assets for the fiscal years ending December 29, 2013 and December 30, 2012, respectively.
(3) 
Includes $19 million and $4 million of non-current liabilities for the fiscal years ending December 29, 2013 and December 30, 2012, respectively.
(4) 
Includes cross currency interest rate swaps and interest rate swaps.
(5) 
Classified as non-current other assets. The change in the fair value from December 30, 2012 was primarily due to the sale of Elan American Depositary Shares.


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