Fair Value (Tables)

12 Months Ended

Mar. 31, 2012

Estimated Fair Values Of Financial Instruments

The estimated fair values of financial instruments, all of which are held or issued for purposes other than trading, at March 31, 2012 and 2011 are as follows:

	Yen (millions)
	2012						2011
	Carrying amount			Fair value			Carrying amount			Fair value
Non-derivatives:
Assets:
Short-term investments		483			483			—			—
Other investments and advances		310,529			310,526			409,938			410,023
Liabilities:
Long-term debt, including current portion		(1,157,393	)		(1,175,868	)		(1,535,858	)		(1,548,251	)
Derivatives:
Other current assets:
Forward:
To sell foreign currencies		452			452			1,420			1,420
To buy foreign currencies		6,378			6,378			451			451
Cross currency swaps		304			304			—			—
Interest rate swaps		—			—			0			0
Commodity futures:
To sell commodity		19			19			—			—
To buy commodity		2,559			2,559			20,390			20,390
Other current liabilities:
Forward:
To sell foreign currencies		(9,837	)		(9,837	)		(4,536	)		(4,536	)
To buy foreign currencies		(1,896	)		(1,896	)		(3,286	)		(3,286	)
Cross currency swaps		—			—			(462	)		(462	)
Commodity futures:
To sell commodity		(1,000	)		(1,000	)		(5,333	)		(5,333	)
To buy commodity		(210	)		(210	)		—			—

Assets And Liabilities Measured At Fair Value On Recurring Basis

The following table represents assets and liabilities that are measured at fair value on a recurring basis at March 31, 2012 and 2011:

	Yen (millions)
	2012
	Level 1			Level 2			Level 3		Total
Assets:
Available-for-sale securities:
Equity securities		225,433			—			—		225,433
Corporate and government bonds		—			1,711			—		1,711
Other debt securities		—			593			—		593
Total available-for-sale securities		225,433			2,304			—		227,737
Derivatives:
Foreign exchange contracts		—			6,830			—		6,830
Cross currency swaps		—			304			—		304
Commodity futures		2,056			522			—		2,578
Total derivatives		2,056			7,656			—		9,712
Total		227,489			9,960			—		237,449
Liabilities:
Derivatives:
Foreign exchange contracts		—			(11,733	)		—		(11,733	)
Commodity futures		(753	)		(457	)		—		(1,210	)
Total derivatives		(753	)		(12,190	)		—		(12,943	)
Total		(753	)		(12,190	)		—		(12,943	)
	Yen (millions)
	2011
	Level 1			Level 2			Level 3		Total
Assets:
Available-for-sale securities:
Equity securities		313,813			—			—		313,813
Corporate and government bonds		—			2,201			—		2,201
Other debt securities		—			546			—		546
Total available-for-sale securities		313,813			2,747			—		316,560
Derivatives:
Foreign exchange contracts		—			1,871			—		1,871
Interest rate swaps		—			0			—		0
Commodity futures		18,564			1,826			—		20,390
Total derivatives		18,564			3,697			—		22,261
Total		332,377			6,444			—		338,821
Liabilities:
Derivatives:
Foreign exchange contracts		—			(7,822	)		—		(7,822	)
Cross currency swaps		—			(462	)		—		(462	)
Commodity futures		(2,427	)		(2,906	)		—		(5,333	)
Total derivatives		(2,427	)		(11,190	)		—		(13,617	)
Total		(2,427	)		(11,190	)		—		(13,617	)

Assets And Liabilities Measured At Fair Value On Nonrecurring Basis

The following table presents assets and liabilities that are measured at fair value on a nonrecurring basis for the years ended March 31, 2012 and 2011:

	Yen (millions)
	2012
	Total gains (losses)			Fair value
				Level 1		Level 2		Level 3			Total
Assets:
Investments in associated companies		(8,831	)		29,349		—		—			29,349
Long-lived assets		(399,259	)		—		—		227,311			227,311
Goodwill		(163,902	)		—		—		87,379			87,379
Liabilities:
Other accrued expenses		(48,000	)		—		—		(48,000	)		(48,000	)

	Yen (millions)
	2011
	Total gains (losses)			Fair value
				Level 1		Level 2		Level 3		Total
Assets:
Investments in associated companies		(8,318	)		23,196		—		2,933		26,129
Long-lived assets		(34,692	)		—		—		31,114		31,114

Level 3 [Member]

Assets And Liabilities Measured At Fair Value On Nonrecurring Basis

The following table presents assets and liabilities that are measured at fair value on a nonrecurring basis in Level 3 for the three months ended March 31, 2012:

	Yen (millions)
	For the three months ended March 31, 2012
	Fair value at March 31, 2012		Valuation technique	Unobservable inputs	Range
Assets:
Long-lived assets		212,821	Repurchase cost     method	Residual value     ratio		12.2%-43.9%
			Excess earnings     method	Discount rate		8.0%-15.0%
			Relief-from-royalty     method	Discount rate		8.0%-15.0%
Goodwill		76,911	Discounted cash     flow method	Weighted average     cost of capital		5.4%-7.9%
			Guideline public     company method	EBITDA multiple		4.4-8.3
			Guideline merged     and acquired     company method	EBITDA multiple		9.0-10.0