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FAIR VALUE MEASUREMENTS (Tables)
9 Months Ended
Sep. 30, 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 September 30, 2013:

 

     (In Millions)  
     Level 1      Level 2     Level 3      Total  

Short Term Investments-Available for Sale Securities

   $ 140.1       $ —        $ —         $ 140.1   

Term Deposits

     —           290.8        —           290.8   

Fair Value of Foreign Exchange Forward Contracts

     —           (4.0     —           (4.0
  

 

 

    

 

 

   

 

 

    

 

 

 

Total Assets Measured at Fair Value

   $ 140.1       $ 286.8      $ —         $ 426.9   
  

 

 

    

 

 

   

 

 

    

 

 

 

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