XML 49 R42.htm IDEA: XBRL DOCUMENT v2.3.0.15
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2010
Notes To Financial Statements [Abstract] 
Assets and liabilities measured at fair value on a recurring basis
The following table presents for each of these hierarchy levels, the Company's financial assets and financial liabilities that are measured at fair value on a recurring basis at December 31, 2010 and December 31, 2009:

At December 31, 2010:
            
   
Level I
  
Level II
  
Level III
  
Total
 
Assets:
            
              
Money market funds
 $259,463  $-  $-  $259,463 
Investment securities
  101   -   -   101 
Investment securities pledged as collateral
  471,864   -   -   471,864 
                  
Liabilities:
                
                  
Liabilities under derivative contracts:
                
Prepaid forward contracts
  -   59,300   -   59,300 
Interest rate swap contracts
  -   167,278   -   167,278 

At December 31, 2009:
            
   
Level I
  
Level II
  
Level III
  
Total
 
Assets:
            
              
Cash equivalents(a)
 $188,093  $-  $-  $188,093 
Investment securities
  92   -   -   92 
Investment securities pledged as collateral
  362,113   -   -   362,113 
Derivative contracts
  -   45,498   -   45,498 
                  
Liabilities:
                
                  
Liabilities under derivative contracts
  -   220,990   -   220,990 
______________
(a)
Represents the Company's investment in funds that invest primarily in money market securities.
Carrying values and estimated fair values of financial instruments, excluding those carried at fair value
The carrying values and estimated fair values of the Company's financial instruments, excluding those that are carried at fair value in the accompanying consolidated balance sheets, are summarized as follows:

   
December 31, 2010
 
   
Carrying
Amount
  
Estimated
Fair Value
 
CSC Holdings notes receivable:
      
Cablevision senior notes held by Newsday Holdings LLC(a)
 $753,717  $795,508 
          
Debt instruments:
        
Credit facility debt(b)
 $5,756,510  $5,802,917 
Collateralized indebtedness
  352,606   349,853 
Senior notes and debentures
  3,402,505   3,781,994 
CSC Holdings total debt instruments
  9,511,621   9,934,764 
          
Cablevision senior notes and debentures
  2,165,688   2,328,644 
Cablevision total debt instruments
 $11,677,309  $12,263,408 

   
December 31, 2009
 
   
Carrying
Amount
  
Estimated
Fair Value
 
CSC Holdings notes receivable:
      
Cablevision senior notes held by Newsday Holdings LLC(a)
 $660,951  $721,317 
          
Debt instruments:
        
Credit facility debt(b)
 $4,718,750  $4,752,245 
Collateralized indebtedness
  375,832   371,921 
Senior notes and debentures
  3,134,909   3,411,945 
CSC Holdings total debt instruments
  8,229,491   8,536,111 
          
Cablevision senior notes and debentures
  1,887,691   1,994,670 
Cablevision total debt instruments
 $10,117,182  $10,530,781 
______________
(a)
These notes are eliminated at the consolidated Cablevision level.
(b)
The carrying value of the Company's credit facility debt which bears interest at variable rates approximates its fair value.