Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value Of Money Market Funds, Available-For-Sale Securities, and Foreign Currency Forward Contracts

The following tables set forth the fair value hierarchy of VMware’s money-market funds, available-for-sale securities, and foreign currency forward contracts, that were required to be measured at fair value as of June 30, 2015 and December 31, 2014 (tables in millions):



	June 30, 2015
	Level 1		Level 2			Total
Cash equivalents:
Money-market funds	$	990	$	—		$	990
U.S. and foreign corporate debt securities	—		7			7
Municipal obligations	—		7			7
Total cash equivalents	$	990	$	14		$	1,004
Short-term investments:
U.S. Government and agency obligations	$	443	$	212		$	655
U.S. and foreign corporate debt securities	—		3,292			3,292
Foreign governments and multi-national agency obligations	—		27			27
Municipal obligations	—		888			888
Asset-backed securities	—		36			36
Mortgage-backed securities	—		307			307
Total short-term investments	$	443	$	4,762		$	5,205
Other assets:
Marketable available-for-sale equity securities	$	15	$	—		$	15
Accrued expenses and other:
Foreign currency forward contracts	$	—	$	(3	)	$	(3	)



	December 31, 2014
	Level 1		Level 2			Total
Cash equivalents:
Money-market funds	$	1,130	$	—		$	1,130
U.S. and foreign corporate debt securities	—		54			54
Foreign governments and multi-national agency obligations	—		2			2
Total cash equivalents	$	1,130	$	56		$	1,186
Short-term investments:
U.S. Government and agency obligations	$	353	$	189		$	542
U.S. and foreign corporate debt securities	—		3,234			3,234
Foreign governments and multi-national agency obligations	—		23			23
Municipal obligations	—		932			932
Asset-backed securities	—		53			53
Mortgage-backed securities	—		220			220
Total short-term investments	$	353	$	4,651		$	5,004
Other current assets:
Foreign currency forward contracts	$	—	$	1		$	1
Accrued expenses and other:
Foreign currency forward contracts	$	—	$	(1	)	$	(1	)