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Fair Value Measurement of Assets and Liabilities (Tables)
3 Months Ended
Mar. 31, 2012
Fair Value Measurement of Assets and Liabilities [Abstract]  
Fair Value Measurement of Assets and Liabilities

The following assets and liabilities are recorded at fair value on a recurring basis (in millions):

 

                                 
    As of March 31, 2012  

Description

  Recorded
Balance
    Fair Value Measurements at Reporting Date
Using:
 
    Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1)
    Significant
Other
Observable
Inputs
(Level 2)
    Significant
Unobservable
Inputs

(Level 3)
 

Assets

                               

Available-for-sale securities

                               

Corporate debt securities

  $ 331.4     $ —     $ 331.4     $ —  

U.S. government and agency debt securities

    200.4       —       200.4       —  

Foreign government debt securities

    2.8       —       2.8       —  

Commercial paper

    127.3       —       127.3       —  

Certificates of deposit

    90.1       —       90.1       —  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total available-for-sale securities

    752.0       —       752.0       —  

Derivatives, current and long-term

                               

Foreign currency forward contracts and options

    16.7       —       16.7       —  

Interest rate swaps

    24.6       —       24.6       —  
   

 

 

   

 

 

   

 

 

   

 

 

 
    $ 793.3     $ —     $ 793.3     $ —  
   

 

 

   

 

 

   

 

 

   

 

 

 

Liabilities

                               

Derivatives, current and long-term

                               

Foreign currency forward contracts and options

  $ 10.3     $ —     $ 10.3     $ —  
   

 

 

   

 

 

   

 

 

   

 

 

 

 

                                 
    As of December 31, 2011  
          Fair Value Measurements at Reporting Date
Using:
 

Description

  Recorded
Balance
    Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1)
    Significant
Other
Observable
Inputs
(Level 2)
    Significant
Unobservable
Inputs

(Level 3)
 

Assets

                               

Available-for-sale securities

                               

Corporate debt securities

  $ 324.7     $ —     $ 324.7     $ —  

U.S. government and agency debt securities

    177.2       —       177.2       —  

Municipal bonds

    1.0       —       1.0       —  

Foreign government debt securities

    6.8       —       6.8       —  

Commercial paper

    74.5       —       74.5       —  

Certificates of deposit

    88.5       —       88.5       —  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total available-for-sale securities

    672.7       —       672.7       —  

Derivatives, current and long-term

                               

Foreign currency forward contracts and options

    18.3       —       18.3       —  

Interest rate swaps

    27.8       —       27.8       —  
   

 

 

   

 

 

   

 

 

   

 

 

 
    $ 718.8     $ —     $ 718.8     $ —  
   

 

 

   

 

 

   

 

 

   

 

 

 

Liabilities

                               

Derivatives, current and long-term

                               

Foreign currency forward contracts and options

  $ 25.2     $ —     $ 25.2     $ —  

Cross-currency interest rate swaps

    8.2       —       8.2       —  
   

 

 

   

 

 

   

 

 

   

 

 

 
    $ 33.4     $ —     $ 33.4     $ —