乐天堂fun88(中国区)官方网站 Corporation Registration of securities issued in business combination transactions

Registration of securities issued in business combination transactions

FAIR VALUE (Tables)

FAIR VALUE (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2012

Dec. 31, 2011

FAIR VALUE

听

Fair values of financial instruments

听

听	听	September听30, 2012					听	December听31, 2011					听

听	听	Carrying Value		听	Estimated Fair Value		听	Carrying Value		听	Estimated Fair Value		听
Non-qualified employee benefit plan investments	听	$	14	听	$	14	听	$	12	听	$	12	听
Cross-currency interest rate contracts	听	听	29	听	听	29	听	听	27	听	听	27	听
Interest rate contracts	听	听	(19	)	听	(19	)	听	(17	)	听	(17	)
Long-term debt (including current portion)	听	听	(3,680	)	听	(3,941	)	听	(3,942	)	听	(4,061	)

听

听	听	December听31,											听

听	听	2011					听	2010					听
听	听	Carrying Value		听	Estimated Fair Value		听	Carrying Value		听	Estimated Fair Value		听
Non-qualified employee benefit plan investments	听	$	12	听	$	12	听	$	11	听	$	11	听
Cross-currency interest rate contacts	听	听	27	听	听	27	听	听	19	听	听	19	听
Interest rate contracts	听	听	(17	)	听	(17	)	听	(9	)	听	(9	)
Long-term debt (including current portion)	听	听	(3,942	)	听	(4,061	)	听	(4,146	)	听	(4,371	)

Assets and liabilities are measured at fair value on a recurring basis

听

听	听	听		听	Fair Value Amounts Using								听

Description	听	September听30, 2012		听	Quoted prices in active markets for identical assets (Level听1)(3)		听	Significant other observable inputs (Level听2)(3)		听	Significant unobservable inputs (Level听3)		听
Assets:	听	听	听	听	听	听	听	听	听	听	听	听	听
Available-for-sale equity securities:	听	听	听	听	听	听	听	听	听	听	听	听	听
Equity mutual funds	听	$	14	听	$	14	听	$	-	听	$	-	听
Derivatives:	听	听	听	听	听	听	听	听	听	听	听	听	听
Cross-currency interest rate contracts(1)	听	听	29	听	听	-	听	听	29	听	听	-	听
听	听	听		听	听		听	听		听	听		听
Total assets	听	$	43	听	$	14	听	$	29	听	$	-	听
听	听	听		听	听		听	听		听	听		听
Liabilities:	听	听	听	听	听	听	听	听	听	听	听	听	听
Derivatives:	听	听	听	听	听	听	听	听	听	听	听	听	听
Interest rate contracts(2)	听	$	(19	)	$	-	听	$	(19	)	$	-	听
听	听	听		听	听		听	听		听	听		听

听

听	听	听		听	Fair Value Amounts Using								听

Description	听	December听31, 2011		听	Quoted prices in active markets for identical assets (Level听1)(3)		听	Significant other observable inputs (Level听2)(3)		听	Significant unobservable inputs (Level听3)		听
Assets:	听	听	听	听	听	听	听	听	听	听	听	听	听
Available-for-sale equity securities:	听	听	听	听	听	听	听	听	听	听	听	听	听
Equity mutual funds	听	$	12	听	$	12	听	$	-	听	$	-	听
Derivatives:	听	听	听	听	听	听	听	听	听	听	听	听	听
Cross-currency interest rate contracts(1)	听	听	27	听	听	-	听	听	-	听	听	27	听
听	听	听		听	听		听	听		听	听		听
Total assets	听	$	39	听	$	12	听	$	-	听	$	27	听
听	听	听		听	听		听	听		听	听		听
Liabilities:	听	听	听	听	听	听	听	听	听	听	听	听	听
Derivatives:	听	听	听	听	听	听	听	听	听	听	听	听	听
Interest rate contracts(2)	听	$	(17	)	$	-	听	$	(17	)	$	-	听
听	听	听		听	听		听	听		听	听		听

(1): The income approach is used to calculate the fair value of these instruments. Fair value represents the present value of estimated future cash flows, calculated using relevant interest rates, exchange rates, and yield curves at stated intervals. There were no material changes to the valuation methods or assumptions used to determine the fair value during the current period.
(2): The income approach is used to calculate the fair value of these instruments. Fair value represents the present value of estimated future cash flows, calculated using relevant interest rates and yield curves at stated intervals. There were no material changes to the valuation methods or assumptions used to determine the fair value during the current period.

(3): There were no transfers between Levels听1 and 2 within the fair value hierarchy for the nine months ended September听30, 2012 and the year ended December听31, 2011.

听

听	听	听		听	Fair Value Amounts Using								听

Description	听	December听31, 2011		听	Quoted prices in active markets for identical assets (Level听1)		听	Significant other observable inputs (Level听2)		听	Significant unobservable inputs (Level听3)		听
Assets:	听	听	听	听	听	听	听	听	听	听	听	听	听
Available-for sale equity securities:	听	听	听	听	听	听	听	听	听	听	听	听	听
Equity mutual funds	听	$	12	听	$	12	听	$	-	听	$	-	听
Derivatives:	听	听	听	听	听	听	听	听	听	听	听	听	听
Cross-currency interest rate contract(1)	听	听	27	听	听	-	听	听	-	听	听	27	听
听	听	听		听	听		听	听		听	听		听
Total assets	听	$	39	听	$	12	听	$	-	听	$	27	听
听	听	听		听	听		听	听		听	听		听
Liabilities:	听	听	听	听	听	听	听	听	听	听	听	听	听
Derivatives:	听	听	听	听	听	听	听	听	听	听	听	听	听
Interest rate contracts(2)	听	$	(17	)	$	-	听	$	(17	)	$	-	听
听	听	听		听	听		听	听		听	听		听

听

听	听	听		听	Fair Value Amounts Using								听

Description	听	December听31, 2010		听	Quoted prices in active markets for identical assets (Level听1)		听	Significant other observable inputs (Level听2)		听	Significant unobservable inputs (Level听3)		听
Assets:	听	听	听	听	听	听	听	听	听	听	听	听	听
Available-for sale equity securities:	听	听	听	听	听	听	听	听	听	听	听	听	听
Equity mutual funds	听	$	11	听	$	11	听	$	-	听	$	-	听
Derivatives:	听	听	听	听	听	听	听	听	听	听	听	听	听
Cross-currency interest rate contract(1)	听	听	19	听	听	-	听	听	-	听	听	19	听
听	听	听		听	听		听	听		听	听		听
Total assets	听	$	30	听	$	11	听	$	-	听	$	19	听
听	听	听		听	听		听	听		听	听		听
Liabilities:	听	听	听	听	听	听	听	听	听	听	听	听	听
Derivatives:	听	听	听	听	听	听	听	听	听	听	听	听	听
Interest rate contracts(2)	听	$	(9	)	$	-	听	$	(9	)	$	-	听
听	听	听		听	听		听	听		听	听		听

(1): The income approach is used to calculate the fair value of these instruments. Fair value represents the present value of estimated future cash flows, calculated using relevant interest rates, exchange rates, and yield curves at stated intervals.
(2): The income approach is used to calculate the fair value of these instruments. Fair value represents the present value of estimated future cash flows, calculated using relevant interest rates and yield curves at stated intervals.

Reconciliation of beginning and ending balances for assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3)

听

听	听	Three months ended September听30, 2012		听	Nine months ended September听30, 2012		听

Fair Value Measurements Using Significant Unobservable Inputs (Level听3)	听	Cross-Currency Interest Rate Contracts		听	Cross-Currency Interest Rate Contracts		听
Beginning balance	听	$	-	听	$	27	听
Transfers into Level听3	听	听	-	听	听	-	听
Transfer out of Level听3(1)	听	听	-	听	听	(27	)
Total gains (losses):	听	听	听	听	听	听	听
Included in earnings	听	听	-	听	听	-	听
Included in other comprehensive income (loss)	听	听	-	听	听	-	听
Purchases, sales, issuances and settlements	听	听	-	听	听	-	听
听	听	听		听	听		听
Ending balance, September听30, 2012	听	$	-	听	$	-	听
听	听	听		听	听		听
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets still held at September听30, 2012	听	$	-	听	$	-	听
听	听	听		听	听		听

听

听	听	Three months ended September听30, 2011		听	Nine months ended September听30, 2011		听

Fair Value Measurements Using Significant Unobservable Inputs (Level听3)	听	Cross-Currency Interest Rate Contracts		听	Cross-Currency Interest Rate Contracts		听
Beginning balance	听	$	(5	)	$	19	听
Transfers into or out of Level听3	听	听	-	听	听	-	听
Total (losses) gains:	听	听	听	听	听	听	听
Included in earnings	听	听	-	听	听	-	听
Included in other comprehensive income (loss)	听	听	24	听	听	-	听
Purchases, sales, issuances and settlements	听	听	-	听	听	-	听
听	听	听		听	听		听
Ending balance, September听30, 2011	听	$	19	听	$	19	听
听	听	听		听	听		听
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets still held at September听30, 2011	听	$	-	听	$	-	听
听	听	听		听	听		听

(1): We are party to cross-currency interest rate contracts that are measured at fair value in our financial statements (unaudited). These instruments have historically been categorized by us as Level听3 within the fair value hierarchy due to an unobservable input associated with the credit valuation adjustment, which we deemed to be a significant input to the overall measurement of fair value at inception. During the nine months ended September听30, 2012, this credit valuation adjustment has ceased to be a significant input to the entire fair value measurement of these instruments. The remaining inputs which are significant to the fair value measurement of these instruments represent observable market inputs that are inputs other than quoted prices (Level听2 inputs).

听

Fair Value Measurements Using Significant Unobservable Inputs (Level听3)	听	Cross-currency interest rate contracts		听	Total		听

Beginning balance, January听1, 2011	听	$	19	听	$	19	听
Total gains (losses):	听	听	听	听	听	听	听
Included in earnings	听	听	-	听	听	-	听
Included in other comprehensive income (loss)	听	听	8	听	听	8	听
Purchases, issuances and settlements	听	听	-	听	听	-	听
听	听	听		听	听		听
Ending balance, December听31, 2011	听	$	27	听	$	27	听
听	听	听		听	听		听
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets still held at December听31, 2011	听	$	-	听	$	-	听
听	听	听		听	听		听

听

Fair Value Measurements Using Significant Unobservable Inputs (Level听3)	听	Realized interest in securitized receivables		听	Cross-currency interest rate contracts		听	Total		听

Beginning balance, January听1, 2010	听	$	262	听	$	-	听	$	262	听
Total gains (losses):	听	听	听	听	听	听	听	听	听	听
Included in earnings	听	听	-	听	听	12	听	听	12	听
Included in other comprehensive income (loss)	听	听	-	听	听	7	听	听	7	听
Purchases, issuances and settlements(1)	听	听	(262	)	听	-	听	听	(262	)
听	听	听		听	听		听	听		听
Ending balance, December听31, 2010	听	$	-	听	$	19	听	$	19	听
听	听	听		听	听		听	听		听
The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets still held at December听31, 2010	听	$	-	听	$	12	听	$	12	听
听	听	听		听	听		听	听		听

(1): Upon adoption of ASU 2009-16, transfers of our accounts receivable under our A/R Programs no longer met the criteria for derecognition. Accordingly, beginning January听1, 2010, the amounts outstanding under the A/R Programs were accounted for as secured borrowings and the retained interest in securitized receivables was no longer relevant.

Schedule of gains and losses (realized and unrealized) included in earnings reported in interest expense and other comprehensive (loss) income

听

听	听	Three months ended September听30, 2012					听	Nine months ended September听30, 2012					听

听	听	Interest expense		听	Other comprehensive income (loss)		听	Interest expense		听	Other comprehensive income (loss)		听
Total net gains included in earnings	听	$	-	听	$	-	听	$	-	听	$	-	听
Changes in unrealized gains relating to assets still held at September听30, 2012	听	听	-	听	听	-	听	听	-	听	听	-	听

听

听	听	Three months ended September听30, 2011					听	Nine months ended September听30, 2011					听

听	听	Interest expense		听	Other comprehensive income (loss)		听	Interest expense		听	Other comprehensive income (loss)		听
Total net gains included in earnings	听	$	-	听	$	-	听	$	-	听	$	-	听
Changes in unrealized losses relating to assets still held at September听30, 2011	听	听	-	听	听	24	听	听	-	听	听	-	听

听

2011	听	Interest expense		听	Other comprehensive income (loss)		听

Total net gains included in earnings	听	$	-	听	$	-	听
Changes in unrealized gains relating to assets still held at December听31, 2011	听	$	-	听	$	8	听

听

2010	听	Interest expense		听	Other comprehensive income (loss)		听

Total net gains included in earnings	听	$	12	听	$	-	听
Changes in unrealized gains relating to assets still held at December听31, 2010	听	$	12	听	$	7	听

- Definition

Tabular disclosure of the amount of gains or losses for the period included in earnings or resulted in a change to net assets, have arisen from the use of significant unobservable inputs (level 3) to measure the fair value of assets, liabilities, and financial instruments classified in shareholders' equity.

+ References + Details

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References + Details

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 14

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 18

-Subparagraph c(2), d, e, f

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 10

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15

-Subparagraph b-d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13467-108611

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 19

-Subparagraph a, b, c(1), d(1)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph a, c(1), c(2), c(3), d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13476-108611

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 30

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

+ Details