Fair Value Measurements (Notes)

9 Months Ended

Sep. 30, 2012

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

Fair Value Measurements

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables provide a summary of assets and liabilities measured at fair value on a recurring basis and as reported in the Condensed Consolidated Balance Sheets (in millions):

	Fair Value Measurements at September 30, 2012 Using:
	Quoted Prices in Active Markets For Identical Assets		Significant Other Observable Remaining Inputs		Significant Other Unobservable Remaining Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets measured at fair value:
Available-for-sale debt securities:
Asset-backed securities	$	—	$	175.8	$	—	$	175.8
Certificate of deposit	—		26.9		—		26.9
Commercial paper	—		3.0		—		3.0
Corporate debt securities (1)	—		571.2		—		571.2
Foreign government debt securities	—		10.0		—		10.0
Government-sponsored enterprise obligations	241.5		10.0		—		251.5
Money market funds (2)	1,528.9		—		—		1,528.9
Mutual funds (3)	1.2		—		—		1.2
U.S. government securities	260.8		202.1		—		462.9
Total available-for-sale debt securities	2,032.4		999.0		—		3,031.4
Available-for-sale equity securities:
Publicly-traded equity securities	3.6		—		—		3.6
Total available-for-sale securities	2,036.0		999.0		—		3,035.0
Trading securities:
Mutual funds (4)	12.6		—		—		12.6
Derivative assets:
Foreign exchange contracts	—		4.6		—		4.6
Total assets measured at fair value	$	2,048.6	$	1,003.6	$	—	$	3,052.2
Liabilities measured at fair value:
Derivative liabilities:
Foreign exchange contracts	$	—	$	0.6	$	—	$	0.6
Total liabilities measured at fair value	$	—	$	0.6	$	—	$	0.6

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⁽¹⁾  Balance includes $1.9 million of restricted investments measured at fair market value, related to the Company's India Gratuity Trust.

⁽²⁾  Balance includes $98.7 million of restricted investments measured at fair market value, related to the Company's D&O trust and acquisitions related escrows.

⁽³⁾  Balance relates to the restricted investments measured at fair market value of the Company's India Gratuity Trust.

⁽⁴⁾  Balance relates to investments measured at fair value related to the Company's non-qualified deferred compensation plan assets.

	Fair Value Measurements at September 30, 2012 Using:
	Quoted Prices in Active Markets For Identical Assets		Significant Other Observable Remaining Inputs		Significant Other Unobservable Remaining Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Total assets measured at fair value, reported as:
Cash equivalents	$	1,430.2	$	175.5	$	—	$	1,605.7
Short-term investments	212.7		226.6		—		439.3
Long-term investments	305.8		595.0		—		900.8
Restricted investments	99.9		1.9		—		101.8
Prepaid expenses and other current assets	—		4.6		—		4.6
Total assets measured at fair value	$	2,048.6	$	1,003.6	$	—	$	3,052.2
Total liabilities measured at fair value, reported as:
Other accrued liabilities	$	—	$	0.6	$	—	$	0.6
Total liabilities measured at fair value	$	—	$	0.6	$	—	$	0.6

	Fair Value Measurements at December 31, 2011 Using:
	Quoted Prices in Active Markets For Identical Assets		Significant Other Observable Remaining Inputs		Significant Other Unobservable Remaining Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Assets measured at fair value:
Available-for-sale debt securities:
Asset-backed securities	$	—	$	124.7	$	—	$	124.7
Certificate of deposit	—		31.8		—		31.8
Commercial paper	—		10.0		—		10.0
Corporate debt securities (1)	—		510.3		—		510.3
Government-sponsored enterprise obligations	314.2		116.8		—		431.0
Money market funds (2)	1,391.3		—		—		1,391.3
Mutual funds (3)	1.0		—		—		1.0
U.S. government securities	149.3		151.7		—		301.0
Total available-for-sale debt securities	1,855.8		945.3		—		2,801.1
Trading securities:
Mutual funds (4)	9.3		—		—		9.3
Derivative assets:
Foreign exchange contracts	—		0.4		—		0.4
Total assets measured at fair value	$	1,865.1	$	945.7	$	—	$	2,810.8
Liabilities measured at fair value:
Derivative liabilities:
Foreign exchange contracts	$	—	$	9.6	$	—	$	9.6
Total liabilities measured at fair value	$	—	$	9.6	$	—	$	9.6

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⁽¹⁾  Balance includes $1.6 million of restricted investments measured at fair market value, related to the Company's India Gratuity Trust.

⁽²⁾  Balance includes $75.1 million of restricted investments measured at fair market value, related to the Company's D&O trust and acquisition related escrows.

⁽³⁾  Balance relates to the restricted investments measured at fair market value of the Company's India Gratuity Trust.

⁽⁴⁾  Balance relates to investments measured at fair value related to the Company's non-qualified deferred compensation plan assets.

	Fair Value Measurements at December 31, 2011 Using:
	Quoted Prices in Active Markets For Identical Assets		Significant Other Observable Remaining Inputs		Significant Other Unobservable Remaining Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
Total assets measured at fair value, reported as:
Cash equivalents	$	1,316.2	$	34.5	$	—	$	1,350.7
Short-term investments	168.9		472.4		—		641.3
Long-term investments	303.9		436.8		—		740.7
Restricted investments	76.1		1.6		—		77.7
Prepaid expenses and other current assets	—		0.4		—		0.4
Total assets measured at fair value	$	1,865.1	$	945.7	$	—	$	2,810.8
Total liabilities measured at fair value, reported as:
Other accrued liabilities	$	—	$	9.6	$	—	$	9.6
Total liabilities measured at fair value	$	—	$	9.6	$	—	$	9.6

The Company's Level 2 fixed income securities are priced using quoted market prices for similar instruments or non-binding market prices that are corroborated by observable market data. The Company uses inputs such as actual trade data, benchmark yields, broker/dealer quotes, or alternative pricing sources with reasonable levels of price transparency which are obtained from quoted market prices, independent pricing vendors, or other sources, to determine the ultimate fair value of these assets. The Company's policy is to recognize asset or liability transfers among Level 1, Level 2, and Level 3 as of the actual date of the events or change in circumstances that caused the transfer. During the three and nine months ended September 30, 2012 and September 30, 2011, the Company had no transfers between levels of the fair value hierarchy of its assets or liabilities measured at fair value.

Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis

Certain of the Company's assets, including intangible assets, goodwill, and privately-held equity investments, are measured at fair value on a nonrecurring basis if impairment is indicated.

Privately-held equity investments, which are normally carried at cost, are measured at fair value due to events and circumstances that the Company identified as significantly impacting the fair value of the investments. The Company measured the fair value of its privately-held equity investments using an analysis of the financial condition and near-term prospects of the investee, including recent financing activities and their capital structure. During the third quarter of 2012, privately-held equity investments with a carrying value of $6.0 million were measured at fair value. As of September 30, 2012, their fair value was zero. As of December 31, 2011, the carrying value of privately-held equity investments was $0.4 million. These investments were classified as Level 3 assets due to the absence of quoted market prices and inherent lack of liquidity.

During the three and nine months ended September 30, 2012, respectively, the Company recognized an other-than-temporary impairment loss of $6.0 million and $20.0 million, respectively, for privately-held equity investments measured at fair. During the three and nine months ended September, 30, 2011, the Company recognized an other-than-temporary impairment loss of $1.8 million for privately-held equity investments at fair.

During the third quarter of 2012, certain purchased intangible assets with a carrying value of 5.4 million were measured at fair value. As of September 30, 2012, their fair was zero. As of December 31, 2011, there were no purchased intangible assets measured at fair value on a nonrecurring basis. The Company measured the fair value of these assets primarily using discounted cash flow projections. Purchased intangible assets were classified as Level 3 assets, due to the absence of quoted market prices. See Note 7, Goodwill and Purchased Intangibles Assets, for further information.

During the three and nine months ended September 30, 2012, an other-than-temporary impairment charge of $5.4 million related to purchased intangible assets was recognized in cost of revenues. There were no such charges for the three and nine months ended September 30, 2011.

As of September 30, 2012 and December 31, 2011, the Company had no liabilities measured at fair value on a nonrecurring basis.

Assets and Liabilities Not Measured at Fair Value

The carrying amounts of the Company's accounts receivable, financing receivables, accounts payable, and other accrued liabilities approximate fair value due to their short maturities. The fair value of the Company’s long-term debt is disclosed in Note 10, Long-Term Debt and Financing, and was determined using quoted market prices (Level 1).