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FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2017
Fair Value Disclosures [Abstract]  
Schedule of components and classification of financial assets and liabilities measured at fair value
The following fair value hierarchy table presents the components and classification of the Company’s financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2017 and December 31, 2016:
 
 
As of June 30, 2017
 
As of December 31, 2016
(in millions)
 
Carrying
Value
 
Quoted
Prices
in Active
Markets for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Carrying
Value
 
Quoted
Prices
in Active
Markets for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash equivalents
 
$
742

 
$
674

 
$
68

 
$

 
$
242

 
$
179

 
$
63

 
$

Restricted cash
 
$
811

 
$
811

 
$

 
$

 
$

 
$

 
$

 
$

Liabilities:
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
Acquisition-related contingent consideration
 
$
(807
)
 
$

 
$

 
$
(807
)
 
$
(892
)
 
$

 
$

 
$
(892
)
Schedule of reconciliation of contingent consideration obligations measured on a recurring basis using significant unobservable inputs (Level 3)
The following table presents a reconciliation of contingent consideration obligations measured on a recurring basis using significant unobservable inputs (Level 3) for the six months ended June 30, 2017:
(in millions)
 
 
 
 
Balance, January 1, 2017
 
 
 
$
892

Acquisition-related contingent consideration:
 
 
 
 
Accretion for the time value of money
 
$
35

 
 
Fair value adjustments
 
(94
)
 
 
 
 
 
 
(59
)
Payments
 
 
 
(26
)
Balance, June 30, 2017
 
 
 
807

Current portion
 
 
 
52

Non-current portion
 
 
 
$
755

Schedule of assets measured at fair value on a non-recurring basis
The following fair value hierarchy table presents the assets measured at fair value on a non-recurring basis:
 
 
As of June 30, 2017
 
As of December 31, 2016
(in millions)
 
Carrying
Value
 
Quoted
Prices
in Active
Markets for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Carrying
Value
 
Quoted
Prices
in Active
Markets for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-current assets held for sale
 
$
179

 
$

 
$

 
$
179

 
$
38

 
$

 
$

 
$
38