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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2015
Fair Value Disclosures [Abstract]  
Assets measured at fair value on a recurring basis
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, 2015 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
$

 
$
308.8

 
$

 
$
308.8

Certificates of deposit

 
8.2

 

 
8.2

Commercial paper

 
15.6

 

 
15.6

Corporate debt securities

 
843.8

 

 
843.8

Foreign government debt securities

 
34.7

 

 
34.7

Government-sponsored enterprise obligations

 
190.4

 

 
190.4

Money market funds(1)
776.2

 

 

 
776.2

Mutual funds(2)
4.1

 

 

 
4.1

Publicly-traded equity securities
2.6

 

 

 
2.6

U.S. government securities
221.6

 
12.3

 

 
233.9

Total available-for-sale securities
1,004.5

 
1,413.8

 

 
2,418.3

Trading securities in mutual funds(3)
17.7

 

 

 
17.7

Privately-held debt and redeemable preferred stock
  securities

 

 
50.3

 
50.3

Derivative assets:
 
 
 
 
 
 
 
Foreign exchange contracts

 
0.5

 

 
0.5

Total assets measured at fair value
$
1,022.2

 
$
1,414.3

 
$
50.3

 
$
2,486.8

Liabilities measured at fair value:
 
 
 
 
 
 
 
Derivative liabilities:
 
 
 
 
 
 
 
Foreign exchange contracts
$

 
$
(6.7
)
 
$

 
$
(6.7
)
Total liabilities measured at fair value
$

 
$
(6.7
)
 
$

 
$
(6.7
)
 
 
 
 
 
 
 
 
Total assets measured at fair value, reported as:
 
 
 
 
 
 
 
Cash equivalents
$
735.0

 
$
15.8

 
$

 
$
750.8

Restricted investments
45.4

 

 

 
45.4

Short-term investments
65.2

 
333.0

 

 
398.2

Long-term investments
176.6

 
1,065.0

 

 
1,241.6

Prepaid expenses and other current assets

 
0.5

 

 
0.5

Other long-term assets

 

 
50.3

 
50.3

Total assets measured at fair value
$
1,022.2

 
$
1,414.3

 
$
50.3

 
$
2,486.8

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

 
$
(6.7
)
 
$

 
$
(6.7
)
Total liabilities measured at fair value
$

 
$
(6.7
)
 
$

 
$
(6.7
)
________________________________
(1) 
Balance includes $41.2 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 restricted investments measured at fair market value related to 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, 2014 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
$

 
$
269.0

 
$

 
$
269.0

Certificates of deposit

 
10.6

 

 
10.6

Commercial paper

 
20.3

 

 
20.3

Corporate debt securities

 
738.0

 

 
738.0

Foreign government debt securities

 
24.6

 

 
24.6

Government-sponsored enterprise obligations

 
162.1

 

 
162.1

Money market funds(1)
594.2

 

 

 
594.2

Mutual funds(2)
4.0

 

 

 
4.0

Publicly-traded equity securities
2.0

 

 

 
2.0

U.S. government securities
246.0

 

 

 
246.0

Total available-for-sale securities
846.2

 
1,224.6

 

 
2,070.8

Trading securities in mutual funds(3)
16.3

 

 

 
16.3

Privately-held debt and redeemable preferred stock
  securities

 

 
47.5

 
47.5

Derivative assets:
 
 
 
 
 
 
 
Foreign exchange contracts

 
0.1

 

 
0.1

Total assets measured at fair value
$
862.5

 
$
1,224.7

 
$
47.5

 
$
2,134.7

Liabilities measured at fair value:
 
 
 
 
 
 
 
Derivative liabilities:
 
 
 
 
 
 
 
Foreign exchange contracts
$

 
$
(3.9
)
 
$

 
$
(3.9
)
Total liabilities measured at fair value
$

 
$
(3.9
)
 
$

 
$
(3.9
)
 
 
 
 
 
 
 
 
Total assets measured at fair value, reported as:
 
 
 
 
 
 
 
Cash equivalents
$
552.9

 
$
23.7

 
$

 
$
576.6

Restricted investments
45.2

 

 

 
45.2

Short-term investments
87.0

 
245.2

 

 
332.2

Long-term investments
177.4

 
955.7

 

 
1,133.1

Prepaid expenses and other current assets

 
0.1

 

 
0.1

Other long-term assets

 

 
47.5

 
47.5

Total assets measured at fair value
$
862.5

 
$
1,224.7

 
$
47.5

 
$
2,134.7

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

 
$
(3.9
)
 
$

 
$
(3.9
)
Total liabilities measured at fair value
$

 
$
(3.9
)
 
$

 
$
(3.9
)

________________________________
(1) 
Balance includes $41.3 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 restricted investments measured at fair market value related to 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.