Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2012

Assets measured at fair value on a recurring basis [Text Block]

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

________________________________


⁽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 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

________________________________


⁽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 by balance sheet grouping [Text Block]



	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
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

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef

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