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FAIR VALUE MEASUREMENTS OF ASSETS AND LIABILITIES (Tables)
12 Months Ended
Dec. 31, 2013
Fair Value Disclosures [Abstract]  
Fair Value Measurements of Assets and Liabilities

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

 

    As of December 31, 2013  
          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

  $ 457.9      $      $ 457.9      $   

U.S. government and agency debt securities

    211.2               211.2          

Foreign government debt securities

    3.1               3.1          

Commercial paper

    68.3               68.3          

Certificates of deposit

    67.2               67.2          

 

   

 

 

   

 

 

   

 

 

 

Total available-for-sale securities

    807.7               807.7          

Derivatives, current and long-term

       

Foreign currency forward contracts and options

    68.7               68.7          

Interest rate swaps

    16.3               16.3          

 

   

 

 

   

 

 

   

 

 

 
  $ 892.7      $      $ 892.7      $   

 

   

 

 

   

 

 

   

 

 

 

Liabilities

       

Derivatives, current and long-term

       

Foreign currency forward contracts and options

    20.6               20.6          

Interest rate swaps

    7.0               7.0          

 

   

 

 

   

 

 

   

 

 

 
  $ 27.6      $      $ 27.6      $   

 

   

 

 

   

 

 

   

 

 

 

 

    As of December 31, 2012  
          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

  $ 383.8      $      $ 383.8      $   

U.S. government and agency debt securities

    295.9               295.9          

Foreign government debt securities

    5.0               5.0          

Commercial paper

    138.7               138.7          

Certificates of deposit

    92.3               92.3          

 

   

 

 

   

 

 

   

 

 

 

Total available-for-sale securities

    915.7               915.7          

Derivatives, current and long-term

       

Foreign currency forward contracts and options

    28.4               28.4          

Interest rate swaps

    33.9               33.9          

 

   

 

 

   

 

 

   

 

 

 
  $ 978.0      $      $ 978.0      $   

 

   

 

 

   

 

 

   

 

 

 

Liabilities

       

Derivatives, current and long-term

       

Foreign currency forward contracts

  $ 10.8      $      $ 10.8      $   

 

   

 

 

   

 

 

   

 

 

 
Schedule of Nonfinancial Assets Measured at Fair Value on Nonrecurring Basis

The following nonfinancial assets were measured at fair value on a nonrecurring basis (in millions):

 

            Fair Value Measurements Using:  
Description    Total     

Quoted Prices
in Active
Markets for
Identical
Assets

(Level 1)

     Significant
Other
Observable
Inputs
(Level 2)
    

Significant
Unobservable
Inputs

(Level 3)

     Total
Losses
 

Year Ended December 31, 2013

  

        

Indefinite-lived intangible assets

   $ 21.0       $       $       $ 21.0       $ 2.8   

Year Ended December 31, 2012

  

        

Goodwill

   $ 41.0             $ 41.0       $ 96.0   

Indefinite-lived intangible        assets

     24.2                         24.2         11.6