Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2013

Assets measured at fair value on a recurring basis [Table Text Block]

The following tables provide a summary of assets and liabilities measured at fair value on a recurring basis and as reported in the Condensed Consolidated Balance Sheets (in millions):



	Fair Value Measurements at March 31, 2013 Using:
	Quoted Prices in Active Markets For Identical Assets		Significant Other Observable Remaining Inputs		Significant Other Unobservable Remaining Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets measured at fair value:
Available-for-sale securities:
Asset-backed securities	$	—	$	234.8	$	—	$	234.8
Certificate of deposit	—		45.0		—		45.0
Corporate debt securities	—		615.7		—		615.7
Foreign government debt securities	—		15.8		—		15.8
Government-sponsored enterprise obligations	265.6		5.0		—		270.6
Money market funds ⁽¹⁾	839.1		—		—		839.1
Mutual funds ⁽²⁾	3.0		—		—		3.0
Publicly-traded equity securities	2.6		—		—		2.6
U.S. government securities	237.2		199.1		—		436.3
Total available-for-sale securities	1,347.5		1,115.4		—		2,462.9
Trading securities in mutual funds ⁽³⁾	13.8		—		—		13.8
Derivative assets:
Foreign exchange contracts	—		1.6		—		1.6
Total assets measured at fair value	$	1,361.3	$	1,117.0	$	—	$	2,478.3
Liabilities measured at fair value:
Derivative liabilities:
Foreign exchange contracts	$	—	$	1.1	$	—	$	1.1
Total liabilities measured at fair value	$	—	$	1.1	$	—	$	1.1

Total assets measured at fair value, reported as:
Cash equivalents	$	749.6	$	6.3	$	—	$	755.9
Restricted investments	92.5		—		—		92.5
Short-term investments	262.5		350.6		—		613.1
Long-term investments	256.7		758.5		—		1,015.2
Prepaid expenses and other current assets	—		1.6		—		1.6
Total assets measured at fair value	$	1,361.3	$	1,117.0	$	—	$	2,478.3

Total liabilities measured at fair value, reported as:
Other accrued liabilities	$	—	$	1.1	$	—	$	1.1
Total liabilities measured at fair value	$	—	$	1.1	$	—	$	1.1

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⁽¹⁾	Balance includes $89.5 million of restricted investments measured at fair market value, related to the Company's D&O trust and acquisition-related escrows.


⁽²⁾	Balance relates to the restricted investments measured at fair market value of the Company's India Gratuity Trust.


⁽³⁾	Balance relates to investments measured at fair value related to the Company's non-qualified deferred compensation plan assets.



	Fair Value Measurements at December 31, 2012 Using:
	Quoted Prices in Active Markets For Identical Assets		Significant Other Observable Remaining Inputs		Significant Other Unobservable Remaining Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets measured at fair value:
Available-for-sale securities:
Asset-backed securities	$	—	$	226.4	$	—	$	226.4
Certificate of deposit	—		42.5		—		42.5
Commercial paper	—		22.4		—		22.4
Corporate debt securities	—		535.6		—		535.6
Foreign government debt securities	—		5.0		—		5.0
Government-sponsored enterprise obligations	254.9		16.1		—		271.0
Money market funds ⁽¹⁾	1,145.2		—		—		1,145.2
Mutual funds ⁽²⁾	1.0		2.0		—		3.0
Publicly-traded equity securities	2.9		—		—		2.9
U.S. government securities	275.9		218.6		—		494.5
Total available-for-sale securities	1,679.9		1,068.6		—		2,748.5
Trading securities in mutual funds ⁽³⁾	12.6		—		—		12.6
Derivative assets:
Foreign exchange contracts	—		3.5		—		3.5
Total assets measured at fair value	$	1,692.5	$	1,072.1	$	—	$	2,764.6
Liabilities measured at fair value:
Derivative liabilities:
Foreign exchange contracts	$	—	$	0.1	$	—	$	0.1
Total liabilities measured at fair value	$	—	$	0.1	$	—	$	0.1

Total assets measured at fair value, reported as:
Cash equivalents	$	1,048.7	$	177.2	$	—	$	1,225.9
Restricted investments	103.6		2.0		—		105.6
Short-term investments	224.4		217.1		—		441.5
Long-term investments	315.8		672.3		—		988.1
Prepaid expenses and other current assets	—		3.5		—		3.5
Total assets measured at fair value	$	1,692.5	$	1,072.1	$	—	$	2,764.6

Total liabilities measured at fair value, reported as:
Other accrued liabilities	$	—	$	0.1	$	—	$	0.1
Total liabilities measured at fair value	$	—	$	0.1	$	—	$	0.1

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⁽¹⁾	Balance includes $102.6 million of restricted investments measured at fair market value, related to the Company's D&O trust and acquisition-related escrows.


⁽²⁾	Balance relates to the restricted investments measured at fair market value of the Company's India Gratuity Trust.


⁽³⁾	Balance relates to investments measured at fair value related to the Company's non-qualified deferred compensation plan assets.

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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