Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v2.3.0.15
Fair Value Measurements (Tables)
3 Months Ended
Sep. 30, 2011
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]  
Changes in Level 3 Securities
Changes in the Company’s Level 3 securities for the three months ended September 30, 2011 and 2010 were as follows:
 
Three months ended
September 30,
(In thousands)
2011
 
2010
Beginning aggregate fair value of Level 3 securities
$

 
$
16,825

Net settlements

 
(16,825
)
Ending aggregate fair value of Level 3 securities
$

 
$

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 were presented on the Company’s Condensed Consolidated Balance Sheet as of September 30, 2011 as follows:
(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
$
578,442

 
$
578,442

 
$

Marketable securities:
 
 
 
 
 
U.S. Treasury securities
71,186

 
65,387

 
5,799

U.S. Government agency securities
344,132

 
342,734

 
1,398

Municipal securities
40,338

 

 
40,338

Corporate debt securities
831,721

 

 
831,721

Sovereign securities
32,411

 
13,385

 
19,026

Total cash equivalents and marketable securities(1)
1,898,230

 
999,948

 
898,282

Other current assets:
 
 
 
 
 
Derivative assets
845

 

 
845

Other non-current assets:
 
 
 
 
 
Executive Deferred Savings Plan:
 
 
 
 
 
Money market and other
4,967

 
4,967

 

Mutual funds
110,923

 
85,709

 
25,214

Executive Deferred Savings Plan total
115,890

 
90,676

 
25,214

Total financial assets(1)
$
2,014,965

 
$
1,090,624

 
$
924,341

Other current liabilities:
 
 
 
 
 
Derivative liabilities
$
(6,054
)
 
$

 
$
(6,054
)
Total financial liabilities
$
(6,054
)
 
$

 
$
(6,054
)
________________
(1) Excludes cash of $156.8 million held in operating accounts and time deposits of $45.1 million as of September 30, 2011.

Financial assets (excluding cash held in operating accounts and time deposits) and liabilities measured at fair value on a recurring basis were presented on the Company’s Condensed Consolidated Balance Sheet as of June 30, 2011 as follows:  
(In thousands)
Total
 
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
 
Significant Other
Observable Inputs
(Level 2)
Assets
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
U.S. Treasury securities
$
4,400

 
$

 
$
4,400

U.S. Government agency securities
6,010

 
6,010

 

Corporate debt securities
21,982

 

 
21,982

Money market and other
481,770

 
481,770

 

Marketable securities:
 
 
 
 
 
U.S. Treasury securities
54,496

 
52,396

 
2,100

U.S. Government agency securities
314,173

 
314,173

 

Municipal securities
38,957

 

 
38,957

Corporate debt securities
853,403

 

 
853,403

Sovereign securities
32,086

 
14,696

 
17,390

Total cash equivalents and marketable securities(1)
1,807,277

 
869,045

 
938,232

Other current assets:
 
 
 
 
 
Derivative assets
1,970

 

 
1,970

Other non-current assets:
 
 
 
 
 
Executive Deferred Savings Plan:
 
 
 
 
 
Money market and other
1,806

 
1,806

 

Mutual funds
126,227

 
95,971

 
30,256

Executive Deferred Savings Plan total
128,033

 
97,777

 
30,256

Total financial assets(1)
$
1,937,280

 
$
966,822

 
$
970,458

Other current assets:
 
 
 
 
 
Derivative liabilities
$
(2,127
)
 
$

 
$
(2,127
)
Total financial liabilities
$
(2,127
)
 
$

 
$
(2,127
)
________________
(1) Excludes cash of $165.9 million held in operating accounts and time deposits of $65.4 million as of June 30, 2011.