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<div>
<div style="width: 800px;">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 11pt; font-weight: bold;" class="_mt">Note 9 - Fair Value Measurements</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div style="text-align: justify; text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; letter-spacing: 5pt; font-size: 11pt;" class="_mt"> </font> The following fair value hierarchy table categorizes information regarding our financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2010 and December 31, 2009 (in millions):</font></font></font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div>
<table style="font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0" width="97%">
<tr><td> </td>
<td> </td>
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<td> </td>
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<td> </td>
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<td> </td>
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<td> </td></tr>
<tr><td valign="bottom" width="33%"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="20%" colspan="4">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt">Quoted Prices in</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt">Active Markets</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt">for</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt">Identical Assets</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt; text-decoration: underline;" class="_mt"> (Level 1) </font></font></div></td>
<td valign="bottom" width="15%" colspan="3">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt">Significant</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt">Other</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt">Observable</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt">Inputs</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt; text-decoration: underline;" class="_mt"> (Level 2) </font></font></div></td>
<td valign="bottom" width="18%" colspan="3">
<div style="text-indent: 0pt; display: block;"> </div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt">Significant</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt">Unobservable</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt">Inputs</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt; text-decoration: underline;" class="_mt"> (Level 3) </font></font></div></td>
<td valign="bottom" width="13%" colspan="3">
<div style="text-indent: 0pt; display: block;"> </div>
<div style="text-indent: 0pt; display: block;"> </div>
<div style="text-indent: 0pt; display: block;"> </div>
<div style="text-indent: 0pt; display: block;"> </div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt; text-decoration: underline;" class="_mt"> Total </font></font></div></td></tr>
<tr><td valign="bottom" width="33%"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="67%" colspan="13"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td></tr>
<tr><td valign="bottom" width="33%" align="left">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold; text-decoration: underline;" class="_mt">As of June 30, 2010</font></font></div></td>
<td valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="12%" colspan="2" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="7%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="5%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="3%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="8%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="7%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="3%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="7%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td></tr>
<tr bgcolor="#cceeff"><td valign="bottom" width="33%" align="left">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"><font style="font-family: times new roman; font-size: 11pt;" class="_mt">Auction rate securities</font></font></div></td>
<td valign="bottom" width="4%" colspan="2" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$ - </font></div></td>
<td valign="bottom" width="7%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$ - </font></div></td>
<td valign="bottom" width="5%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="3%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="8%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$45.2</font></div></td>
<td valign="bottom" width="7%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="3%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="7%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$45.2 </font></div></td>
<td valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td></tr>
<tr bgcolor="white"><td valign="bottom" width="33%" align="left">
<div><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">Supplemental executive retirement</font></div>
<div><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> plan assets</font></div></td>
<td valign="bottom" width="4%" colspan="2" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"><font style="font-family: times new roman; font-size: 11pt;" class="_mt">19</font>.3 </font></td>
<td valign="bottom" width="7%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">- </font></td>
<td valign="bottom" width="5%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="3%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="8%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">-</font></td>
<td valign="bottom" width="7%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="3%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="7%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">19.3 </font></td>
<td valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td></tr>
<tr bgcolor="#cceeff"><td style="border-bottom: darkgray 2px solid;" valign="bottom" width="33%" align="left">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"><font style="font-family: times new roman; font-size: 11pt;" class="_mt">Derivatives, net</font></font></div></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="12%" colspan="2" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">- </font></div></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="7%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="9%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">3.0 </font></div></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="5%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="3%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="8%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">- </font></div></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="7%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="3%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="7%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">3.0 </font></div></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td></tr>
<tr bgcolor="white"><td style="border-bottom: darkgray 3px double;" valign="bottom" width="33%" align="left">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"><font style="font-family: times new roman; font-size: 11pt;" class="_mt">Total financial assets</font></font></div></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="12%" colspan="2" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$<font style="font-family: times new roman; font-size: 11pt;" class="_mt">1</font>9.3 </font></div></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="7%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="9%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$ 3.0 </font></div></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="5%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="3%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="8%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$45.2</font></div></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="7%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="3%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="7%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$67.5 </font></div></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td></tr>
<tr bgcolor="white"><td valign="bottom" width="33%" align="left">
<div style="text-indent: 0pt; display: block;"> </div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold; text-decoration: underline;" class="_mt">As of December 31, 2009</font></font></div></td>
<td valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="12%" colspan="2" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="7%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="5%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="3%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="8%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="7%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="3%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="7%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td></tr>
<tr bgcolor="#cceeff"><td valign="bottom" width="33%" align="left">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"><font style="font-family: times new roman; font-size: 11pt;" class="_mt">Auction rate securities</font></font></div></td>
<td valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="12%" colspan="2" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$ - </font></div></td>
<td valign="bottom" width="7%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$ - </font></div></td>
<td valign="bottom" width="5%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="3%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="8%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$60.5</font></div></td>
<td valign="bottom" width="7%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="3%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="7%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$60.5 </font></div></td>
<td valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td></tr>
<tr bgcolor="white"><td valign="bottom" width="33%" align="left">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"><font style="font-family: times new roman; font-size: 11pt;" class="_mt">Supplemental executive retirement</font></font></div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"><font style="font-family: times new roman; font-size: 11pt;" class="_mt"> plan assets</font></font></div></td>
<td valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="12%" colspan="2" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">18.7 </font></div></td>
<td valign="bottom" width="7%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> - </font></div></td>
<td valign="bottom" width="5%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="3%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="8%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">- </font></div></td>
<td valign="bottom" width="7%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="3%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="7%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">18.7 </font></div></td>
<td valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td></tr>
<tr bgcolor="#cceeff"><td style="border-bottom: darkgray 2px solid;" valign="bottom" width="33%" align="left">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"><font style="font-family: times new roman; font-size: 11pt;" class="_mt">Derivatives, net </font></font></div></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="12%" colspan="2" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> - </font></div></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="7%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="9%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">13.2 </font></div></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="5%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="3%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="8%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> - </font></div></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="7%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="3%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="7%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">13.2 </font></div></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td></tr>
<tr bgcolor="white"><td style="border-bottom: darkgray 3px double;" valign="bottom" width="33%" align="left">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"><font style="font-family: times new roman; font-size: 11pt;" class="_mt">Total financial assets </font></font></div></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="12%" colspan="2" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$18.7 </font></div></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="7%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="1%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="9%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$13.2 </font></div></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="5%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="3%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="8%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$60.5 </font></div></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="7%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="3%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="7%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$92.4 </font></div></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td></tr></table></div>
<div style="text-indent: 0pt; display: block;"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"> </font> </div>
<div style="text-indent: 0pt; display: block;"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"> Auction Rate Securities</font></font></div>
<div style="text-indent: 0pt; display: block;">
<div style="text-indent: 0pt; display: block;"> </div>
<div style="text-align: justify; text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; letter-spacing: 5pt; font-size: 11pt;" class="_mt"> </font> As of June 30, 2010 and December 31, 2009, we held long-term debt instruments with variable interest rates that periodically reset through an auction process ("auction rate securities") totaling $<font class="_mt">50.9</font> million and $<font class="_mt">66.8</font> million (par value), respectively. These auction rate securities were classified as long-term investments on our condensed consolidated balance sheets. Our auction rate securities were originally acquired in January 2008 and have maturity dates ranging from 2025 to 2047. Our auction rate securities were measured at fair value on a recurring basis using significant Level 3 inputs as of June 30, 2010 and December 31, 2009. The following table summarizes the fair value measurements of our auction rate securities using significant Level 3 inputs, and changes therein, for the three-month and six-month periods ended June 30, 2010 and 2009 (in millions):</font></font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div align="center">
<table style="font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td valign="bottom" width="52%" colspan="2"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="25%" colspan="4">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"> Three Months Ended </font></div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="font-family: times new roman; font-size: 11pt;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></font><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"><font style="font-family: times new roman; font-size: 11pt; text-decoration: underline;" class="_mt"> June 30, </font></font></font><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></font></font></div></td>
<td valign="bottom" width="23%" colspan="4">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"> Six Months Ended</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></font><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> <font style="text-decoration: underline;" class="_mt"> June 30, </font></font></font><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></font></div></td></tr>
<tr><td valign="bottom" width="52%" colspan="2"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="11%" colspan="2">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></font><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> <font style="text-decoration: underline;" class="_mt">2010</font></font></font><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></font></div></td>
<td valign="bottom" width="14%" colspan="2">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></font><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold; text-decoration: underline;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">2009</font></font><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></font></div></td>
<td valign="bottom" width="13%" colspan="2">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></font><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> <font style="text-decoration: underline;" class="_mt">2010</font></font></font><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></font></div></td>
<td valign="bottom" width="10%" colspan="2">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="font-family: times new roman; font-size: 11pt;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></font><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> <font style="font-family: times new roman; font-size: 11pt;" class="_mt"> </font><font style="font-family: times new roman; font-size: 11pt; text-decoration: underline;" class="_mt">2009</font><font style="font-family: times new roman; font-size: 11pt;" class="_mt"> </font></font></font><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></font></font></div></td></tr>
<tr><td valign="middle" width="49%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="middle" width="3%"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="middle" width="8%"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="middle" width="3%"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="middle" width="10%"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="middle" width="4%"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="middle" width="10%"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="middle" width="3%"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="middle" width="9%"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="middle" width="1%"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td></tr>
<tr bgcolor="#cceeff"><td valign="bottom" width="49%" align="left">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">Beginning Balance</font></div></td>
<td valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="8%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$55.4</font></div></td>
<td valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="10%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$61.9 </font></div></td>
<td valign="bottom" width="4%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="10%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$60.5</font></div></td>
<td valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$64.2 </font></div></td>
<td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td></tr>
<tr bgcolor="white"><td valign="bottom" width="49%" align="left">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"><font style="font-family: times new roman; font-size: 11pt;" class="_mt">Sales</font></font></div></td>
<td valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="8%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">(10.5</font></div></td>
<td valign="bottom" width="3%" align="left">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">)</font></div></td>
<td valign="bottom" width="10%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">(.3) </font></div></td>
<td valign="bottom" width="4%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="10%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">(15.9</font></div></td>
<td style="text-align: left;" valign="bottom" width="3%"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">)</font></td>
<td valign="bottom" width="9%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">(2.6)</font></div></td>
<td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td></tr>
<tr bgcolor="#cceeff"><td valign="bottom" width="49%" align="left">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"><font style="font-family: times new roman; font-size: 11pt;" class="_mt">Unrealized gains*</font></font></div></td>
<td valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="8%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">.3</font></div></td>
<td valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="10%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">- </font></div></td>
<td valign="bottom" width="4%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="10%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">.6</font></div></td>
<td valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">- </font></div></td>
<td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td></tr>
<tr bgcolor="white"><td style="border-bottom: darkgray 2px solid;" valign="bottom" width="49%" align="left">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"><font style="font-family: times new roman; font-size: 11pt;" class="_mt">Transfers in and/or out of L<font style="font-family: times new roman; font-size: 11pt;" class="_mt">ev</font>el 3</font></font></div></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="8%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">-</font></div></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="10%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">- </font></div></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="4%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="10%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">-</font></div></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="9%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">- </font></div></td>
<td style="border-bottom: darkgray 2px solid;" valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td></tr>
<tr bgcolor="#cceeff"><td style="border-bottom: darkgray 3px double;" valign="bottom" width="49%" align="left">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">Ending balance</font></div></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="8%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$45.2</font></div></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="10%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$61.6 </font></div></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="4%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="10%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$45.2</font></div></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="3%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="9%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$61.6 </font></div></td>
<td style="border-bottom: darkgray 3px double;" valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td></tr></table></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div>
<table style="font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%">
<tr><td valign="top" width="69%" align="left">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">*<font class="_mt">Unr<font style="font-family: times new roman; font-size: 11pt;" class="_mt">ealiz</font>ed gains were included in other income, net, in our condensed consolidated statements of income.</font></font></div></td></tr></table></div></div>
<div><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"> </font> </div>
<div style="text-align: justify; text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; letter-spacing: 5pt; font-size: 11pt;" class="_mt"> </font> Before utilizing Level 3 inputs in our fair value measurement, we considered whether observable inputs were available. As a result of continued auction failures, quoted prices for our auction rate securities did not exist as of June 30, 2010. Accordingly, we concluded that Level 1 inputs were not available. Brokerage statements received from the three broker/dealers that held our auction rate securities included their estimated market value as of June 30, 2010. All three broker/dealers valued our auction rate securities at par. Due to the lack of transparency into the methodologies used to determine the estimated market values, we have concluded that estimated market values provided on our brokerage statements do not constitute valid inputs, and we do not utilize them in measuring the fair value of our auction rate securities.</font></font></font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div style="text-align: justify; text-indent: 0pt; display: block;"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; letter-spacing: 5pt; font-size: 11pt;" class="_mt"> </font> We used an income approach valuation model to estimate the price that would be received in exchange for our auction rate securities in an orderly transaction between market participants ("exit price") as of June 30, 2010. The exit price was derived as the weighted-average present value of expected cash flows over various periods of illiquidity, using a risk-adjusted discount rate based on the credit risk and liquidity risk of our auction rate securities. </font><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt">While our valuation model was based on both Level 2 (credit quality and interest rates) and Level 3 inputs, we determined that Level 3 inputs were significant to the overall fair value measurement of our auction rate securities, particularly the estimates of risk-adjusted discount rates and ranges of expected periods of illiquidity. We have the ability to maintain our investment in these securities until they are redeemed, repurchased or sold in a market that facilitates orderly transactions.</font></font></div>
<div style="text-align: justify; text-indent: 0pt; display: block;"> </div>
<div style="text-align: justify; text-indent: 0pt; display: block;">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"> Supplemental Executive Retirement Plan Assets</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div style="text-align: justify; text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; letter-spacing: 5pt; font-size: 11pt;" class="_mt"> </font> Our Ensco supplemental executive retirement plans (the "SERP") are non-qualified plans that provide for eligible employees to defer a portion of their compensation for use after retirement. Assets held in the SERP were marketable securities measured at fair value on a recurring basis using Level 1 inputs and were included in other assets, net, on our condensed consolidated balance sheets as of June 30, 2010 and December 31, 2009. The fair value measurement of assets held in the SERP was based on quoted market prices.</font></font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"> Derivatives</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div style="text-align: justify; text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; letter-spacing: 5pt; font-size: 11pt;" class="_mt"> </font> Our derivatives were measured at fair value on a recurring basis using Level 2 inputs as of June 30, 2010 and December 31, 2009. See "Note 4 - Derivative Instruments" for additional information on our derivatives, including a description of our foreign currency hedging activities and related methodologies used to manage foreign currency exchange rate risk. The fair value measurement of our derivatives was based on market prices that are generally observable for similar assets or liabilities at commonly-quoted intervals.</font></font></div></div>
<div> </div>
<div>
<div><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"> Other Financial Instruments</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div style="text-align: justify; text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; letter-spacing: 5pt; font-size: 11pt;" class="_mt"> </font> The carrying</font> values and estimated fair values of our debt instruments as of June 30, 2010 and December 31, 2009 were as follows (in millions):</font></div>
<div style="text-indent: 0pt; display: block;"> </div>
<div>
<table style="font-family: times new roman; font-size: 10pt;" cellspacing="0" cellpadding="0" width="100%">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr><td valign="bottom" width="37%" colspan="2"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="19%" colspan="4">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt">June 30,</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt; text-decoration: underline;" class="_mt"> 2010 </font></font></div></td>
<td valign="bottom" width="19%" colspan="4">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt">December 31,</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt; text-decoration: underline;" class="_mt"> 2009 </font></font></div></td></tr>
<tr><td valign="bottom" width="37%" colspan="2"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" rowspan="3" width="9%" colspan="2">
<div style="text-indent: 0pt; display: block;"> </div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt">Carrying</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt; text-decoration: underline;" class="_mt"> Value </font></font></div></td>
<td valign="bottom" rowspan="3" width="9%" colspan="2">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt">Estimated</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"> Fair</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="font-family: times new roman; font-size: 11pt;" class="_mt"> <font style="display: inline; font-family: times new roman; font-size: 11pt; text-decoration: underline;" class="_mt"> Value </font></font></font></div></td>
<td valign="bottom" rowspan="3" width="9%" colspan="2">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt">Carrying</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="display: inline; font-family: times new roman; font-size: 11pt; text-decoration: underline;" class="_mt"> Value </font></font></div></td>
<td valign="bottom" rowspan="3" width="9%" colspan="2">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt">Estimated</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"> Fair</font></div>
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"><font style="display: inline; font-family: times new roman; font-size: 11pt; font-weight: bold;" class="_mt"><font style="font-family: times new roman; font-size: 11pt;" class="_mt"> <font style="display: inline; font-family: times new roman; font-size: 11pt; text-decoration: underline;" class="_mt"> Value </font></font></font></div></td></tr>
<tr><td valign="bottom" width="37%" colspan="2"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td></tr>
<tr><td valign="bottom" width="37%" colspan="2"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td></tr>
<tr><td valign="bottom" width="37%" colspan="2"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" colspan="2"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" colspan="2"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" colspan="2"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" colspan="2"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td></tr>
<tr bgcolor="#cceeff"><td valign="bottom" width="37%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">7.20% Debentures </font></td>
<td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> $148.9 </font></td>
<td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$157.8 </font></td>
<td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$148.9 </font></td>
<td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">$155.9 </font></td>
<td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td></tr>
<tr bgcolor="white"><td valign="bottom" width="37%" align="left">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">6.36% Bonds, including current maturities</font></div></td>
<td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">69.7 </font></div></td>
<td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">79.4 </font></div></td>
<td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">76.0 </font></div></td>
<td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">85.8 </font></div></td>
<td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td></tr>
<tr bgcolor="#cceeff"><td valign="bottom" width="37%" align="left">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">4.65% <font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">Bonds, including current maturities</font></font></div></td>
<td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">47.2 </font></div></td>
<td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">53.2 </font></div></td>
<td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">49.5 </font></div></td>
<td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td>
<td valign="bottom" width="9%" align="right">
<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="right"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt">53.8 </font></div></td>
<td valign="bottom" width="1%" align="left"><font style="display: inline; font-family: times new roman; font-size: 11pt;" class="_mt"> </font></td></tr></table></div></div>
<div style="text-align: justify;"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="letter-spacing: 5pt;" class="_mt"> <font style="font-style: normal; font-family: Times New Roman; font-size: 11pt;" class="_mt"> </font></font></font></div>
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<div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-style: italic; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-style: normal; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-style: normal; font-family: Times New Roman; letter-spacing: 5pt; font-size: 11pt;" class="_mt"> </font> The est<font style="font-family: Times New Roman; font-size: 11pt;" class="_mt">ima</font>ted fair value of our <font class="_mt">7.20</font>% Debentures was determined using quoted market prices. The estimated fair values of our <font class="_mt">6.36</font>% Bonds and <font class="_mt">4.65</font>% Bonds were determined using an income approach valuation model. The estimated fair value of our cash and cash equivalents, receivables, trade payables and other liabilities approximated their carrying values as of June 30, 2010 and December 31, 2009.</font></font></font></font></font></font></font></font></font></div></div></div>
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<div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="justify"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-style: italic; display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt; font-weight: normal;" class="_mt"> ENSCO I Impairment</font></font></font></font></font></div>
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<div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; letter-spacing: 5pt; font-size: 11pt;" class="_mt"> </font> During the quarter ended June 30, 2010, we recorded a $<font class="_mt">12.2</font> million loss from the impairment of ENSCO I, the only barge rig in our fleet, which is currently cold-stacked in Singapore and is included in our Asia Pacific operating segment. The loss on impairment was included in contract drilling expense in our condensed consolidated statements of income for the three-month and six-month periods ended June 30, 2010. The impairment resulted from the adjustment of the rig's carrying value to its estimated fair value based on a change in our expectation that it is more-likely-than-not that the rig will be disposed of significantly before the end of its estimated useful life. ENSCO I was not classified as held-for-sale as of June 30, 2010, as a sale was not deemed probable of occurring within the next twelve months.</font></font></font></font></font></font></font></div>
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<div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="display: inline; font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; font-size: 11pt;" class="_mt"><font style="font-family: Times New Roman; letter-spacing: 5pt; font-size: 11pt;" class="_mt"> </font> We utilized an income approach valuation model to estimate the price that would be received in exchange for the rig in an orderly transaction between market participants as of June 30, 2010. The resulting exit price was derived as the present value of expected cash flows from the use and eventual disposition of the rig, using a risk-adjusted discount rate. Level 3 inputs were significant to the overall fair value measurement of ENSCO I, due to the limited availability of observable market data for similar assets.</font></font></font></font></font></font></font></div></div></div></div>
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Note 9 - Fair Value Measurements
The following fair value hierarchy table categorizes information regarding our financial assets
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This item represents the complete disclosure regarding the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the Company is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risk is are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15B
-Subparagraph a, b
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 3, 10, 14, 15
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44A, 44B
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32, 33, 34
Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15C, 15D
Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15A
-Subparagraph a-d
Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 17-22, 27, 28
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