| Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis |
Financial assets (excluding cash held in operating accounts and time deposits) and liabilities measured at fair value on a recurring basis, as of the date indicated below, were presented on the Company’s Condensed Consolidated Balance Sheet as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2016 (In thousands) |
Total |
|
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
|
|
Significant Other
Observable Inputs
(Level 2)
|
Assets |
|
|
|
|
|
Cash equivalents: |
|
|
|
|
|
Money market and other |
$ |
552,189 |
|
|
$ |
552,189 |
|
|
$ |
— |
|
U.S. Treasury securities |
33,646 |
|
|
33,646 |
|
|
— |
|
Marketable securities: |
|
|
|
|
|
Corporate debt securities |
933,247 |
|
|
— |
|
|
933,247 |
|
Municipal securities |
1,004 |
|
|
— |
|
|
1,004 |
|
Sovereign securities |
58,024 |
|
|
1,991 |
|
|
56,033 |
|
U.S. Treasury securities |
277,660 |
|
|
277,660 |
|
|
— |
|
U.S. Government agency securities |
378,632 |
|
|
378,632 |
|
|
— |
|
Total cash equivalents and marketable securities(1)
|
2,234,402 |
|
|
1,244,118 |
|
|
990,284 |
|
Other current assets: |
|
|
|
|
|
Derivative assets |
13,978 |
|
|
— |
|
|
13,978 |
|
Other non-current assets: |
|
|
|
|
|
Executive Deferred Savings Plan |
173,490 |
|
|
130,692 |
|
|
42,798 |
|
Total financial assets(1)
|
$ |
2,421,870 |
|
|
$ |
1,374,810 |
|
|
$ |
1,047,060 |
|
Liabilities |
|
|
|
|
|
Other current liabilities: |
|
|
|
|
|
Derivative liabilities |
$ |
(4,103 |
) |
|
$ |
— |
|
|
$ |
(4,103 |
) |
Total financial liabilities |
$ |
(4,103 |
) |
|
$ |
— |
|
|
$ |
(4,103 |
) |
________________
(1) Excludes cash of $327.8 million held in operating accounts and time deposits of $30.8 million as of December 31, 2016.
Financial assets (excluding cash held in operating accounts and time deposits) and liabilities measured at fair value on a recurring basis, as of the date indicated below, were presented on the Company’s Condensed Consolidated Balance Sheet as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2016 (In thousands) |
Total |
|
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
|
|
Significant Other
Observable Inputs
(Level 2)
|
Assets |
|
|
|
|
|
Cash equivalents: |
|
|
|
|
|
Corporate debt securities |
$ |
20,569 |
|
|
$ |
— |
|
|
$ |
20,569 |
|
Money market and other |
626,156 |
|
|
626,156 |
|
|
— |
|
U.S. Treasury securities |
68,748 |
|
|
68,748 |
|
|
— |
|
Marketable securities: |
|
|
|
|
|
Corporate debt securities |
657,905 |
|
|
— |
|
|
657,905 |
|
Municipal securities |
5,016 |
|
|
— |
|
|
5,016 |
|
Sovereign securities |
41,257 |
|
|
6,426 |
|
|
34,831 |
|
U.S. Treasury securities |
258,754 |
|
|
258,754 |
|
|
— |
|
U.S. Government agency securities |
405,705 |
|
|
385,731 |
|
|
19,974 |
|
Total cash equivalents and marketable securities(1)
|
2,084,110 |
|
|
1,345,815 |
|
|
738,295 |
|
Other current assets: |
|
|
|
|
|
Derivative assets |
1,095 |
|
|
— |
|
|
1,095 |
|
Other non-current assets: |
|
|
|
|
|
Executive Deferred Savings Plan |
162,160 |
|
|
106,149 |
|
|
56,011 |
|
Total financial assets(1)
|
$ |
2,247,365 |
|
|
$ |
1,451,964 |
|
|
$ |
795,401 |
|
Liabilities |
|
|
|
|
|
Other current liabilities: |
|
|
|
|
|
Derivative liabilities |
$ |
(11,647 |
) |
|
$ |
— |
|
|
$ |
(11,647 |
) |
Total financial liabilities |
$ |
(11,647 |
) |
|
$ |
— |
|
|
$ |
(11,647 |
) |
________________
(1) Excludes cash of $330.1 million held in operating accounts and time deposits of $77.1 million as of June 30, 2016.
|