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Financial Instruments (Tables)

3 Months Ended

Jun. 30, 2011

Financial Instruments (Tables) [Abstract]

Input levels and valuation techniques for determination of fair values of Financial Instruments


	Fair Value Measurements at Reporting Date Using
				Quoted Prices in Active					Significant
				Markets for Identical		Significant Other			Unobservable
				Assets		Observable Inputs			Inputs		Valuation
June 30, 2011	Total			(Level 1)		(Level 2)			(Level 3)		Technique
	(In millions)
Assets
Cash equivalents
Money-market funds	$	783.1		$	783.1	$	—		$	—		A
Certificates of deposit		81.5			81.5		—			—		A
Short-term and long-term investments
United States Treasury securities		49.9			49.9		—			—		A
Auction rate securities		26.8			—		—			26.8		B
Mutual funds		19.3			19.3		—			—		A
Foreign currency forward contracts		1.5			—		1.5			—		A

Total	$	962.1		$	933.8	$	1.5		$	26.8

Liabilities
Foreign currency forward contracts	$	(2.7	)	$	—	$	(2.7	)	$	—		A

Total	$	(2.7	)	$	—	$	(2.7	)	$	—

Summary of activity in Level 3 financial instruments


	Quarter Ended June 30, 2011								Quarter Ended June 30, 2010
	Auction								Auction
	Rate			Put					Rate			Put
	Securities			Option		Total			Securities			Option			Total
	(In millions)
Balance at the beginning of the period	$	27.2		$	—	$	27.2		$	60.5		$	1.1		$	61.6
Redemption of auction rate securities		(0.2	)		—		(0.2	)		(16.2	)		—			(16.2	)
Change in unrealized gain (loss) included in interest and other income, net		—			—		—			0.2			(0.2	)		—
Change in unrealized gain (loss) included in other comprehensive income		(0.2	)		—		(0.2	)		0.7			—			0.7

Balance at the end of the period	$	26.8		$	—	$	26.8		$	45.2		$	0.9		$	46.1

Components of C&C equivalents and Investments


	June 30, 2011						March 31, 2011
	Cash and						Cash and
	Cash		Short-term		Long-term		Cash		Short-term		Long-term
	Equivalents		Investments		Investments		Equivalents		Investments		Investments
	(In millions)
Measured at fair value:
Available-for-sale
United States Treasury securities	$	—	$	31.9	$	18.0	$	525.0	$	27.8	$	22.1
Certificates of deposit		81.5		—		—		38.4		—		—
Auction rate securities		—		—		26.8		—		—		27.2
Trading
Mutual funds		—		—		19.3		—		—		18.5

Total debt and equity investments measured at fair value		81.5		31.9		64.1		563.4		27.8		67.8


Cash on hand		718.3		—		—		412.8		—		—
Money-market funds		783.1		—		—		684.7		—		—

Total cash, cash equivalents and investments	$	1,582.9	$	31.9	$	64.1	$	1,660.9	$	27.8	$	67.8

Amounts included in accumulated other comprehensive income from available- for-sale securities (pre-tax):
Unrealized losses*	$	—	$	—	$	2.8	$	—	$	—	$	2.6


*		The unrealized losses on available-for-sale securities at June 30, 2011 and March 31, 2011 relate to the auction rate securities.

Maturities of available for sale investments in debt securities


			Fair
	Cost		Value
	(In millions)
Due in one year or less	$	113.4	$	113.4
Due between one and two years		18.0		18.0
Due after ten years		29.6		26.8

Total	$	161.0	$	158.2

Notional amounts at contract exchange rates of foreign currency forward contracts


	Notional Amount
	June 30,		March 31,
	2011		2011
	(In millions)

Foreign Currency Forward Contracts (receive United States dollar/pay foreign currency)

Euro	$	197.5	$	158.5
Australian dollar		25.3		13.9
Brazilian real		13.2		5.6
British pound		9.3		5.0
Chinese yuan renminbi		8.8		7.6
New Zealand dollar		4.4		2.9
Swiss franc		3.9		1.5
South Korean won		3.8		4.6
Norwegian krone		3.6		2.0
Danish krone		3.6		3.0
Canadian dollar		—		4.2
Other		5.0		4.2

Total	$	278.4	$	213.0


Foreign Currency Forward Contracts (pay United States dollar/receive foreign currency)

Israeli shekel	$	161.9	$	151.6
Indian rupee		7.7		9.1
Mexican peso		6.2		9.3
Other		3.8		2.2

Total	$	179.6	$	172.2

Finance Receivables Balance by region and by class of internal credit rating


	North America		EMEA		Asia Pacific		Latin America		Total
	(In millions)
Class 1	$	107.2	$	38.8	$	17.9	$	0.5	$	164.4
Class 2		24.1		34.8		2.2		1.5		62.6
Class 3		1.2		1.2		0.9		1.5		4.8

Balance at the end of the period	$	132.5	$	74.8	$	21.0	$	3.5	$	231.8

- Definition

This item represents the entire disclosure related to Available-for-sale Securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities which are categorized as Available-for-sale.

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- Definition

This element represents the disclosure related to the fair value measurement of assets and liabilities which includes [financial] instruments measured at fair value that are classified in stockholders' equity. Such assets and liabilities may be measured on a recurring or nonrecurring basis. The disclosures which may be required or desired include: (1) for assets and liabilities measured on a recurring basis, disclosure may include: (a) the fair value measurements at the reporting date; (b) 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 or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3); (c) for fair value measurements using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (i) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (ii) purchases, sales, issuances, and settlements (net); (iii) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs); (d) the amount of the total gains or losses for the period in subparagraph (c) (i) above included in earnings (or changes in net assets) that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date and a description of where those unrealized gains or losses are reported in the statement of income (or activities); (e) the valuation technique(s) used to measure fair value and a discussion of changes in valuation techniques, if any, during the period and (2) for assets and liabilities that are measured at fair value on a nonrecurring basis (for example, impaired assets) disclosure may include, in addition to (a) above: (a) the reasons for the fair value measurements recorded; (b) the same as (b) above; (c) for fair value measurements using significant unobservable inputs (Level 3), a description of the inputs and the information used to develop the inputs; and (d) the valuation technique(s) used to measure fair value and a discussion of changes, if any, in the valuation technique(s) used to measure similar assets and/or liabilities in prior periods.

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- Definition

This item represents the entire disclosure related to Investments in Certain Debt and Equity Securities (and certain other trading assets) which include all debt and equity securities (other than those equity securities accounted for under the equity or cost methods of accounting) with readily determinable fair values. Other trading assets include assets that are carried on the balance sheet at fair value and held for trading purposes. A debt security represents a creditor relationship with an enterprise that is in the form of a security. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities (and other trading assets).

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