| Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis |
Financial assets (excluding cash held in operating accounts and time deposits) and liabilities measured at fair value on a recurring basis, as of the date indicated below, were presented on the Company’s Condensed Consolidated Balance Sheet as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31, 2015 (In thousands) |
Total |
|
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
|
|
Significant Other
Observable Inputs
(Level 2)
|
Assets |
|
|
|
|
|
Cash equivalents: |
|
|
|
|
|
U.S. Government agency securities |
$ |
32,997 |
|
|
$ |
— |
|
|
$ |
32,997 |
|
Corporate debt securities |
53,320 |
|
|
— |
|
|
53,320 |
|
Money market and other |
470,811 |
|
|
470,811 |
|
|
— |
|
Sovereign securities |
17,736 |
|
|
— |
|
|
17,736 |
|
Marketable securities: |
|
|
|
|
|
U.S. Treasury securities |
273,524 |
|
|
273,524 |
|
|
— |
|
U.S. Government agency securities |
371,319 |
|
|
371,319 |
|
|
— |
|
Municipal securities |
7,717 |
|
|
— |
|
|
7,717 |
|
Corporate debt securities |
652,433 |
|
|
— |
|
|
652,433 |
|
Sovereign securities |
42,779 |
|
|
6,427 |
|
|
36,352 |
|
Total cash equivalents and marketable securities(1)
|
1,922,636 |
|
|
1,122,081 |
|
|
800,555 |
|
Other current assets: |
|
|
|
|
|
Derivative assets |
1,028 |
|
|
— |
|
|
1,028 |
|
Other non-current assets: |
|
|
|
|
|
Executive Deferred Savings Plan |
161,053 |
|
|
90,556 |
|
|
70,497 |
|
Total financial assets(1)
|
$ |
2,084,717 |
|
|
$ |
1,212,637 |
|
|
$ |
872,080 |
|
Liabilities |
|
|
|
|
|
Other current liabilities: |
|
|
|
|
|
Derivative liabilities |
$ |
(4,092 |
) |
|
$ |
— |
|
|
$ |
(4,092 |
) |
Total financial liabilities |
$ |
(4,092 |
) |
|
$ |
— |
|
|
$ |
(4,092 |
) |
________________
(1) Excludes cash of $251.1 million held in operating accounts and time deposits of $67.7 million as of December 31, 2015.
Financial assets (excluding cash held in operating accounts and time deposits) and liabilities measured at fair value on a recurring basis, as of the date indicated below, were presented on the Company’s Condensed Consolidated Balance Sheet as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2015 (In thousands) |
Total |
|
Quoted Prices in
Active Markets
for Identical
Assets (Level 1)
|
|
Significant Other
Observable Inputs
(Level 2)
|
Assets |
|
|
|
|
|
Cash equivalents: |
|
|
|
|
|
U.S. Government agency securities |
$ |
7,500 |
|
|
$ |
7,500 |
|
|
$ |
— |
|
Corporate debt securities |
13,099 |
|
|
— |
|
|
13,099 |
|
Money market and other |
611,385 |
|
|
611,385 |
|
|
— |
|
Marketable securities: |
|
|
|
|
|
U.S. Treasury securities |
275,555 |
|
|
275,555 |
|
|
— |
|
U.S. Government agency securities |
564,768 |
|
|
556,019 |
|
|
8,749 |
|
Municipal securities |
31,816 |
|
|
— |
|
|
31,816 |
|
Corporate debt securities |
612,862 |
|
|
— |
|
|
612,862 |
|
Sovereign securities |
57,093 |
|
|
8,976 |
|
|
48,117 |
|
Total cash equivalents and marketable securities(1)
|
2,174,078 |
|
|
1,459,435 |
|
|
714,643 |
|
Other current assets: |
|
|
|
|
|
Derivative assets |
3,064 |
|
|
— |
|
|
3,064 |
|
Other non-current assets: |
|
|
|
|
|
Executive Deferred Savings Plan |
165,655 |
|
|
91,203 |
|
|
74,452 |
|
Total financial assets(1)
|
$ |
2,342,797 |
|
|
$ |
1,550,638 |
|
|
$ |
792,159 |
|
Liabilities |
|
|
|
|
|
Other current liabilities: |
|
|
|
|
|
Derivative liabilities |
$ |
(3,106 |
) |
|
$ |
— |
|
|
$ |
(3,106 |
) |
Total financial liabilities |
$ |
(3,106 |
) |
|
$ |
— |
|
|
$ |
(3,106 |
) |
________________
(1) Excludes cash of $183.1 million held in operating accounts and time deposits of $29.9 million as of June 30, 2015.
|