BOEING CO | 2013 | FY | 3

The notional amounts and fair values of derivative instruments in the Consolidated Statements of Financial Position as of December 31 were as follows:
 
Notional
amounts(1)
Other assets
Accrued
liabilities
 
2013

 
2012

2013

 
2012

2013

 
2012

Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
Foreign exchange contracts

$2,524

 

$2,310


$122

 

$202


($64
)
 

($16
)
Interest rate contracts
313

 
388

13

 
26

 
 
 
Commodity contracts
72

 
99

2

 
 
(39
)
 
(71
)
Derivatives not receiving hedge accounting treatment:
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
259

 
412

12

 
3

(35
)
 
(42
)
Commodity contracts
9

 
15

 
 
 
(4
)
 
(8
)
Total derivatives

$3,177

 

$3,224

149

 
231

(142
)
 
(137
)
Netting arrangements
 
 
 
(63
)
 
(53
)
63

 
53

Net recorded balance
 
 
 

$86

 

$178


($79
)


($84
)
(1) 
Notional amounts represent the gross contract/notional amount of the derivatives outstanding.

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