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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2011
Fair Value Disclosures [Abstract]  
Financial instruments carried at fair value
Financial assets carried at fair value as of December 31, 2011 are classified in the table below in the categories described below (in thousands):

 
Level 1
 
Level 2
 
Level 3
 
Total
ASSETS:
 
 
 
 
 
 
 
Short-term investments:
 
 
 
 
 
 
 
  Foreign government securities
$

 
$
1,074,186

 
$

 
$
1,074,186

  U.S. government securities

 
923,322

 

 
923,322

  U.S. agency securities

 
26,951

 

 
26,951

  U.S. corporate notes

 
368

 

 
368

Foreign exchange derivatives

 
60,455

 

 
60,455

Total assets at fair value
$

 
$
2,085,282

 
$

 
$
2,085,282



 
Level 1
 
Level 2
 
Level 3
 
Total
LIABILITIES:
 
 
 
 
 
 
 
Foreign exchange derivatives
$

 
$
1,107

 
$

 
$
1,107

Redeemable noncontrolling interests

 

 
127,045

 
127,045

Total liabilities at fair value
$

 
$
1,107

 
$
127,045

 
$
128,152

Financial assets and liabilities are carried at fair value as of December 31, 2010 are classified in the tables below in the categories described below (in thousands):
 
 
Level 1
 
Level 2
 
Level 3
 
Total
ASSETS:
 

 
 

 
 

 
 

Short-term investments:
 

 
 

 
 

 
 

Foreign government securities
$

 
$
683,318

 
$

 
$
683,318

U.S. government securities

 
469,208

 

 
469,208

U.S. agency securities

 
109,905

 

 
109,905

U.S. corporate notes

 
40,820

 

 
40,820

Long-term investments

 
394

 

 
394

Foreign exchange derivatives

 
4,970

 

 
4,970

Total assets at fair value
$

 
$
1,308,615

 
$

 
$
1,308,615

 
 
Level 1
 
Level 2
 
Level 3
 
Total
LIABILITIES:
 

 
 

 
 

 
 

Foreign exchange derivatives
$

 
$
6,995

 
$

 
$
6,995

Redeemable noncontrolling interests

 

 
45,751

 
45,751

Total liabilities at fair value
$

 
$
6,995

 
$
45,751

 
$
52,746