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## Derivatives Not Designated as Hedging Instruments 

We hold certain forward contracts that have not been designated as cash flow hedging instruments for accounting purposes. Contracts used to hedge the exposure to foreign currency fluctuations associated with certain monetary assets and liabilities are not designated as cash fl ow hedging instruments, and changes in the fair value of these items are recorded in earnings. We hold call options that are effective as economic hedges of a portion of our natural gas exposure and the change in fair value of this instrument is also recorded in earnings. We periodically 

hold soybean barter contracts which qualify as derivatives and we have entered into offsetting commodity contracts to hedge our exposure. Both the change in fair value of the soybean barter contracts and the offsetting commodity contracts are recorded in earnings. 

We had open forward contracts not designated as cash fl ow hedging instruments for accounting purposes with various expiration dates to buy, sell or exchange foreign currencies with a U.S. dollar equivalent of approximately $343.0 million at December 31, 2010. We hold a natural gas option instrument with a notional amount of approximately 1.5 million mmBTUs at December 31, 2010. 

The following table provides the fair value and balance sheet presentation of our derivative instruments as of December 31, 2010 and 2009. 

<img src='content_image/212161.jpg'>

The information included in the above chart is also presented in our fair value table included below. 

The following tables provide the impact of derivative instruments and related hedged items on the consolidated statements of income for the years ended December 31, 2010 and 2009. 

## DERIVATIVES IN CASH FLOW HEDGING RELATIONSHIPS 

<img src='content_image/212160.jpg'>

(a) Amounts are included in “Cost of sales and services” on the consolidated statements of income. 

## DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS 

<img src='content_image/212159.jpg'>

