2.2.0.7 false Fair Value Measurements 01140 - Disclosure - Fair Value Measurements true false false false 1 USD false false Monetary Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 EarninsPerShareUSD Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 $ 2 Fair Value Measurements 0 us-gaap_FairValueByBalanceSheetGroupingMethodologyAndAssumptionsAbstract us-gaap true na duration No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false xbrli:stringItemType string No definition available. false 3 Fair Value Measurements 1 us-gaap_FairValueMeasurementInputsDisclosureTextBlock us-gaap true na duration No definition available. false false false false false false false false false false false terselabel false 1 false false false false 0 0 The Company adopted the updated FASB ASC guidance on fair value measurements and disclosures for the Company's non-financial assets and non-financial liabilities measured at fair value on a non-recurring basis as of January 1, 2009, with no material impact on the Company's financials. During the third quarter of 2009, the Company fully impaired the oxide treatment plant at Obuasi. See "Note 5  Costs and expenses: Impairment of assets" for additional information. During the current year the Company transferred certain assets to "held for sale" and accordingly measured them at fair value less estimated costs to sell. Refer to Note 17. During 2009, the Company also measured certain investments in equity accounted joint ventures at fair value. Refer to Note 16.An impairment loss on the investment in B2Gold of $12 million was recognized in the third quarter of 2009 in the income statement. See "Note 5  Costs and expenses: Loss/(profit) on sale of assets, realization of loans, indirect taxes and other" for additional information. Since the third quarter, the fair value of B2Gold has increased and an unrealized gain of $21 million pertaining to the investment is included in accumulated other comprehensive income as of December 31, 2009.The FASB ASC guidance establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value:Level 1       -       Quoted prices in active markets for identical assets or liabilities. Level 2       -       Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3       -       Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The Company utilizes the market approach to measure fair value.  The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities.The following table sets out the Company's financial assets and (liabilities) measured on a recurring basis at fair value, by level within the hierarchy as at December 31, 2009 (in US Dollars, millions):<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 325px; text-align:left;border-color:#000000;min-width:325px;">Items measured at fair value on a recurring basis</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> </td></tr><tr style="height: 11px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 325px; text-align:left;border-color:#000000;min-width:325px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> </td></tr><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 325px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:325px;">Description</td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">Level 1</td><td style="width: 5px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">Level 2</td><td style="width: 5px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">Level 3</td><td style="width: 5px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 75px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:75px;">Total</td></tr><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 325px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:325px;">Cash and cash equivalents</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 1,100</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> 1,100</td></tr><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 325px; text-align:left;border-color:#000000;min-width:325px;">Marketable equity securities</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 111</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> 111</td></tr><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 325px; text-align:left;border-color:#000000;min-width:325px;">Derivatives, net</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (2,195)</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> (2,195)</td></tr><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 325px; text-align:left;border-color:#000000;min-width:325px;">Embedded derivative</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> (1)</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> (1)</td></tr><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 325px; text-align:left;border-color:#000000;min-width:325px;">Warrants on shares</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> 5</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"> 5</td></tr><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 325px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:325px;">Option component of convertible bonds</td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"> (175)</td><td style="width: 5px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:75px;"> (175)</td></tr></table></div>The Company's cash equivalents are classified within Level 1 of the fair value hierarchy because they are valued using quoted market prices. The cash instruments that are valued based on quoted market prices in active markets are primarily money market securities. Due to the short maturity of cash, carrying amounts approximate fair values.The Company's marketable equity securities are included in Other long-term assets in the Company's consolidated balance sheet. They consist of investments in ordinary shares and are valued using quoted market prices in active markets and as such are classified within Level 1 of the fair value hierarchy. The fair value of the marketable equity securities is calculated as the quoted market price of the marketable equity security multiplied by the quantity of shares held by the CompanyThe Company's derivative instruments are valued using pricing models and the Company generally uses similar models to value similar instruments. Options associated with marketable equity securities and the conversion features of convertible bonds are included as derivatives on the balance sheet. Valuation models require a variety of inputs, including contractual terms, market prices, yield curves, credit spreads, measures of volatility and correlations of such inputs. The Company's derivatives trade in liquid markets, and as such, model inputs are observable. Such instruments are typically classified within Level 2 of the fair value hierarchy.Items measured at fair value on a non-recurring basisDuring the third quarter of 2009, the Company fully impaired the oxide treatment plant at Obuasi, resulting in a loss of $4 million which is included in earnings for the period. During the current year long-lived assets with a carrying value of $68 million were transferred to assets held for sale and were written down to fair value less costs to sell of $64 million. Refer to Note 17. In addition, during 2009 investments in equity accounted joint ventures with a carrying value of $24 million were written down to fair value of $15 million. Refer to Note 16. This resulted in a loss of $13 million which is included in earnings for the period. Fair values of these assets were based on sales agreements with third parties and as such are classified within Level 2 of the fair value hierarchy.<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 45px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 245px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:245px;"> </td><td style="width: 87px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:87px;">Fair value/fair value less costs to sell (on held for sale) </td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 71px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:71px;">Level 1</td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:74px;">Level 2</td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 71px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:71px;">Level 3</td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 68px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:68px;">Total gain/(loss)</td></tr><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 245px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:245px;">Description</td><td style="width: 87px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:87px;">$</td><td style="width: 5px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;">$</td><td style="width: 5px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">$</td><td style="width: 5px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 71px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;">$</td><td style="width: 5px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 68px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:68px;">$</td></tr><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 245px; text-align:left;border-color:#000000;min-width:245px;">Long-lived assets held and used(1)</td><td style="width: 87px; text-align:right;border-color:#000000;min-width:87px;">0</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"> (4)</td></tr><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 245px; text-align:left;border-color:#000000;min-width:245px;">Long-lived assets held for sale</td><td style="width: 87px; text-align:right;border-color:#000000;min-width:87px;">64</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">64</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"> (4)</td></tr><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 245px; text-align:left;border-color:#000000;min-width:245px;">Equity accounted joint ventures</td><td style="width: 87px; text-align:right;border-color:#000000;min-width:87px;">15</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">15</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"> (9)</td></tr><tr style="height: 16px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 245px; text-align:left;border-color:#000000;min-width:245px;"> </td><td style="width: 87px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:87px;">79</td><td style="width: 5px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 71px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;"> </td><td style="width: 5px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;">79</td><td style="width: 5px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 71px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:71px;"> </td><td style="width: 5px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 68px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:68px;"> (17)</td></tr><tr style="height: 6px"><td style="width: 38px; text-align:left;border-color:#000000;min-width:38px;"> </td><td style="width: 245px; text-align:left;border-color:#000000;min-width:245px;"> </td><td style="width: 87px; text-align:right;border-color:#000000;min-width:87px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"> </td></tr><tr style="height: 17px"><td style="width: 38px; text-align:center;border-color:#000000;min-width:38px;">(1) </td><td colspan="2" style="width: 332px; text-align:left;border-color:#000000;min-width:332px;">Write-off of oxide treatment plant at Obuasi.</td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 71px; text-align:right;border-color:#000000;min-width:71px;"> </td><td style="width: 5px; text-align:right;border-color:#000000;min-width:5px;"> </td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"> </td></tr></table></div> The Company adopted the updated FASB ASC guidance on fair value measurements and disclosures for the Company's non-financial assets and non-financial false false false us-types:textBlockItemType textblock This element represents the disclosure related to the fair value measurement of assets and liabilities which includes [financial] instruments measured at fair value that are classified in stockholders' equity. Such assets and liabilities may be measured on a recurring or nonrecurring basis. The disclosures which may be required or desired include: (1) for assets and liabilities measured on a recurring basis, disclosure may include: (a) the fair value measurements at the reporting date; (b) 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 or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3); (c) for fair value measurements using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (i) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), 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); (ii) purchases, sales, issuances, and settlements (net); (iii) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs); (d) the amount of the total gains or losses for the period in subparagraph (c) (i) above included in earnings (or changes in net assets) that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date and a description of where those unrealized gains or losses are reported in the statement of income (or activities); (e) the valuation technique(s) used to measure fair value and a discussion of changes in valuation techniques, if any, during the period and (2) for assets and liabilities that are measured at fair value on a nonrecurring basis (for example, impaired assets) disclosure may include, in addition to (a) above: (a) the reasons for the fair value measurements recorded; (b) the same as (b) above; (c) for fair value measurements using significant unobservable inputs (Level 3), a description of the inputs and the information used to develop the inputs; and (d) the valuation technique(s) used to measure fair value and a discussion of changes, if any, in the valuation technique(s) used to measure similar assets and/or liabilities in prior periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 33 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 6 -Footnote 4 false 1 2 false UnKnown UnKnown UnKnown false true