Quarterly report pursuant to Section 13 or 15(d)

公允价值测量

v3.10.0.1
公允价值测量
6个月结束
Dec. 31, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS
NOTE 3 – FAIR VALUE MEASUREMENTS
Our financial assets and liabilities are measured and recorded at fair value, except for our debt and certain equity investments in privately-held companies. Prior to July 1, 2018 , the equity investments were generally accounted for under the cost method of accounting and were periodically assessed for other-than-temporary impairment when an event or circumstance indicated that an other-than-temporary decline in value may have occurred. Effective July 1, 2018 , equity investments without a readily available fair value are accounted for using the measurement alternative. The measurement alternative is calculated as cost minus impairment, if any, plus or minus changes resulting from observable price changes.
Our non-financial assets, such as goodwill, intangible assets, and land, property and equipment, are recorded at cost and are assessed for impairment when an event or circumstance indicates that an other-than-temporary decline in value may have occurred.
金融工具的公允价值。 We have evaluated the estimated fair value of financial instruments using available market information and valuations as provided by third-party sources. The use of different market assumptions and/or estimation methodologies could have a significant effect on the estimated fair value amounts. The fair value of our cash equivalents, accounts receivable, accounts payable and other current assets and liabilities approximate their carrying amounts due to the relatively short maturity of these items.
公允价值层次结构。 The authoritative guidance for fair value measurements establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:
1级
基于活跃市场的报价价格的估值，该实体具有访问能力的相同资产或负债。
2级
基于类似资产或负债的报价价格的估值，不活跃的市场中的报价价格，或者可以观察到的其他投入，或者可以通过可观察到的数据来证实，以实质性的资产或负债的整个期限。
级别3
基于几乎没有或没有市场活动支持的投入，对资产或负债的公允价值很重要的投入。
金融工具在公允价值层次结构内的水平是基于对公允价值衡量意义的任何意见的最低水平。
As of December 31, 2018 , the types of instruments valued based on quoted market prices in active markets included money market funds, certain U.S. Treasury securities and U.S. Government agency securities. Such instruments are generally classified within Level 1 of the fair value hierarchy. The types of instruments valued based on other observable inputs included corporate debt securities, sovereign securities and certain U.S. Treasury securities. The market inputs used to value these instruments generally consist of market yields, reported trades and broker/dealer quotes. Such instruments are generally classified within Level 2 of the fair value hierarchy.
The principal market in which we execute our foreign currency contracts is the institutional market in an over-the-counter environment with a relatively high level of price transparency. The market participants generally are large financial institutions. Our foreign currency contracts’ valuation inputs are based on quoted prices and quoted pricing intervals from public data sources and do not involve management judgment. These contracts are typically classified within Level 2 of the fair value hierarchy.
应付价值的公允价值是由私有公司的收购产生的，被归类为3级，并使用在市场上不可观察到的大量投入进行了估算。
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 our Condensed Consolidated Balance Sheet as follows:
截至2018年12月31日（成千上万）
Total
Quoted Prices in
Active Markets
for Identical
资产
（1级）
Significant
Other
Observable
输入
(Level 2)
Little or no market activity
输入
(Level 3)
资产
Cash equivalents:
Money market funds and other
$
877,527

$
877,527

$
—

$
—

U.S. Treasury securities
668,058

—

668,058

—

Marketable securities:
Corporate debt securities
500,594

—

500,594

—

Sovereign securities
10,919

—

10,919

—

美国政府机构证券
172,615

172,615

—

—

U.S. Treasury securities
211,588

211,588

—

—

Total cash equivalents and marketable securities (1)
2,441,301

1,261,730

1,179,571

—

Other current assets:
Derivative assets
1,732

—

1,732

—

其他非流动资产：
Executive Deferred Savings Plan
181,104

137,301

43,803

—

总财务资产 (1)
$
2,624,137

$
1,399,031

$
1,225,106

$
—

Liabilities
其他流动负债：
Derivative liabilities
$
(14,318
)
$
—

$
(14,318
)
$
—

Contingent consideration payable

(2,529
)
—

—

(2,529
)
Total financial liabilities
$
(16,847
)
$
—

$
(14,318
)
$
(2,529
)
________________
(1) Excludes cash of 2.045亿美元 held in operating accounts and time deposits of $48.3 million 作为 December 31, 2018 。

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 our Condensed Consolidated Balance Sheet as follows:
As of June 30, 2018 (In thousands)
Total
Quoted Prices in
Active Markets
for Identical
资产（1级）
重要的另一半
可观察的输入
(Level 2)
资产
Cash equivalents:
Corporate debt securities
$
4,995

$
—

$
4,995

Money market funds and other
863,115

863,115

—

美国政府机构证券
7,675

—

7,675

U.S. Treasury securities
1,996

—

1,996

Marketable securities:
Corporate debt securities
735,408

—

735,408

Sovereign securities
17,142

—

17,142

美国政府机构证券
316,022

299,501

16,521

U.S. Treasury securities
405,654

364,574

41,080

Total cash equivalents and marketable securities (1)
2,352,007

1,527,190

824,817

Other current assets:
Derivative assets
5,385

—

5,385

其他非流动资产：
Executive Deferred Savings Plan
197,213

143,580

53,633

总财务资产 (1)
$
2,554,605

$
1,670,770

$
883,835

Liabilities
其他流动负债：
Derivative liabilities
$
(6,828
)
$
—

$
(6,828
)
Total financial liabilities
$
(6,828
)
$
—

$
(6,828
)
________________
(1) Excludes cash of 4.738亿美元 held in operating accounts and time deposits of $54.5 million 作为 2018年6月30日 。
There were no transfers between Level 1 and Level 2 fair value measurements during the 六 months ended December 31, 2018 。We did not have any assets or liabilities measured at fair value on a recurring basis within Level 3 fair value measurements as of 2018年6月30日 。
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