XML 29 R25.htm IDEA: XBRL DOCUMENT  v2.3.0.11
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended 12 Months Ended
Jun. 30, 2011
Mar. 31, 2011
FAIR VALUE MEASUREMENTS    
Fair Value of Assets Measured at Fair Value on a Recurring Basis
Fair Value Measurements at Reporting Date Using

        Quoted Prices in          
        Active Markets Significant      
        for Identical Other     Significant  
        Financial Observable Unobservable  
        Instruments Inputs   Inputs  
 
    As of June              
    30, 2011   (Level 1) (Level 2)   (Level 3) Balance Sheet Classification
Assets                  
Money market funds $ 392 $ 392 $ - $ - Cash equivalents
Available-for-sale securities:                  
Corporate bonds   242   -   242   - Short-term investments
Marketable equity securities   172   172   -   - Marketable equity securities
U.S. Agency securities   126   -   126   - Short-term investments and cash equivalents
U.S. Treasury securities   125   125   -   - Short-term investments and cash equivalents
Commercial paper   32   -   32   - Short-term investments and cash equivalents
Deferred compensation plan assets (a)   12   12   -   - Other assets
Foreign currency derivatives   1   -   1   - Other current assets
Total assets at fair value $ 1,102 $ 701 $ 401 $ -  
Liabilities                  
Contingent consideration (b) $ 53 $ - $ - $ 53 Accrued and other current liabilities and other liabilities
Total liabilities at fair value $ 53 $ - $ - $ 53  

 

(a) The deferred compensation plan assets consist of various mutual funds.

(b) The contingent consideration represents the estimated fair value of the additional variable cash consideration payable in connection with our acquisitions of Playfish Limited ("Playfish") and Chillingo Limited ("Chillingo") that is contingent upon the achievement of certain performance milestones. We estimated the fair value using expected future cash flows over the period in which the obligations are expected to be settled, and applied a discount rate that appropriately captures a market participant's view of the risk associated with the obligations.

Fair Value Measurements at Reporting Date Using    
        Quoted Prices in            
        Active Markets Significant        
        for Identical Other     Significant    
        Financial Observable Unobservable    
        Instruments Inputs   Inputs    
 
    As of March                
    31, 2011   (Level 1) (Level 2)   (Level 3)   Balance Sheet Classification
Assets                    
Money market funds $ 774 $ 774 $ - $ -   Cash equivalents
Available-for-sale securities:                    
Corporate bonds   253   -   253   -   Short-term investments
Marketable equity securities   161   161   -   -   Marketable equity securities
U.S. Treasury securities   129   129   -   -   Short-term investments and cash equivalents
U.S. Agency securities   102   -   102   -   Short-term investments
Commercial paper   31   -   31   -   Short-term investments and cash equivalents
Deferred compensation plan assets (a)   12   12   -   -   Other assets
Total assets at fair value $ 1,462 $ 1,076 $ 386 $ -    
Liabilities                    
Contingent consideration (b) $ 51 $ - $ - $ 51   Accrued and other current liabilities and other liabilities
Total liabilities at fair value $ 51 $ - $ - $ 51    

 

(a) The deferred compensation plan assets consist of various mutual funds.

(b) The contingent consideration represents the estimated fair value of the additional variable cash consideration payable in connection with our acquisitions of Playfish Limited ("Playfish") and Chillingo Limited ("Chillingo") that is contingent upon the achievement of certain performance milestones. We estimated the fair value using expected future cash flows over the period in which the obligations are expected to be settled, and applied a discount rate that appropriately captures a market participant's view of the risk associated with the obligations.

Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Fair Value Measurements Using Significant
Unobservable Inputs (Level 3)

 
                Contingent  
              Consideration  
Balance as of March 31, 2011             $ 51  
Change in fair value (c)               2  
Balance as of June 30, 2011             $ 53  

 

 

Fair Value Measurements Using Significant    
        Unobservable Inputs (Level 3)    
 
                Contingent    
              Consideration    
Balance as of March 31, 2010             $ 65    
Additions               3    
Change in fair value (c)               (17 )  
Balance as of March 31, 2011             $ 51    

 

(c) The change in fair value is reported as acquisition-related contingent consideration in our Condensed Consolidated Statements of Operations.