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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2013
Financial Assets Measured at Fair Value on Recurring Basis

The following table summarizes the Company’s financial assets measured at fair value on a recurring basis as of March 31, 2013:

 

    (In Millions)  
    Level 1     Level 2     Level 3     Total  

Short Term Investments - Available for Sale Securities

  $30.4      $—        $—        $30.4   

Term Deposits

    —          276.4        —          276.4   

Fair value of foreign exchange forward contracts

    —          0.4        —          0.4   
 

 

 

   

 

 

   

 

 

   

 

 

 

Total Assets measured at fair value

  $30.4      $276.8       $—        $307.2   
 

 

 

   

 

 

   

 

 

   

 

 

 

 

The following table summarizes the Company’s financial assets measured at fair value on a recurring basis as of December 31, 2012:

 

     (In Millions)  
     Level 1      Level 2      Level 3      Total  

Short Term Investments - Available for Sale Securities

   $60.6       $—         $—         $60.6   

Term Deposits

     —           266.1         —           266.1   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total Assets measured at fair value

   $60.6       $266.1        $—         $326.7