Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements

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Fair Value Measurements
6个月结束
2011年12月31日
Fair Value Measurements [Abstract]
Fair Value Measurements
FAIR VALUE MEASUREMENTS
The Company’s financial assets and liabilities are measured and recorded at fair value, except for equity investments in privately-held companies. These equity investments are generally accounted for under the cost method of accounting and are periodically assessed for other-than-temporary impairment when an event or circumstance indicates that an other-than-temporary decline in value may have occurred. The Company’s 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.
Fair Value Hierarchy. 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
Valuations based on quoted prices in active markets for identical assets or liabilities that the entity has the ability to access.
2级
Valuations based on quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable data for substantially the full term of the assets or liabilities.
级别3
Valuations based on inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.
A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.
All of the Company’s financial instruments were classified within Level 1 or Level 2 of the fair value hierarchy as of 2011年12月31日 ，因为它们是使用报价的市场价格，经纪人或经销商报价或具有合理价格透明度水平的替代定价来源对其进行评价的。根据活跃市场中报价的市场价格，价值的工具类型包括货币市场基金和某些美国政府机构证券，美国国库券和主权证券。此类工具通常在公允价值层次结构的1级中分类。
The types of instruments valued based on other observable inputs include commercial paper, corporate debt securities, municipal securities and certain U.S. Government agency securities, U.S. Treasury securities and sovereign 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.
该公司执行外币合同的主要市场是在价格透明度相对较高的非处方环境中的机beplay官网ued构市场。市场参与者通常是大型商业银行。该公司的beplay官网ued外币合同的估值意见是基于报价的价格和引用的公共数据来源定价间隔，并且不涉及管理判断。这些合同通常在公允价值层次结构的2级中分类。
The types of instruments valued based on unobservable inputs included the auction rate securities that were held by the Company as of and prior to June 30, 2010. Such instruments were classified within Level 3 of the fair value hierarchy. The Company estimated the fair value of these auction rate securities using a discounted cash flow model incorporating assumptions that market participants would use in their estimates of fair value. Some of these assumptions included estimates for interest rates, timing and amount of cash flows, and expected holding periods of the auction rate securities.
金融资产（不包括运营帐户和时间存款中持有的现金）和以公允价值衡量以下日期以公允价值衡量的负债，如下所示，以下是以下内容：如下：beplay官网ued
As of December 31, 2011 (In thousands)
全部的
引用价格
Active Markets
for Identical
资产（1级）
Significant Other
Observable Inputs
（2级）
Assets
Cash equivalents:
公司债务证券
$
5,000

$
—

$
5,000

Money market and other
591,032

591,032

—

可销售的证券：
美国国库券
71,302

67,302

4,000

U.S. Government agency securities
449,356

449,356

—

Municipal securities
41,473

—

41,473

公司债务证券
716,707

—

716,707

Sovereign securities
36,181

18,443

17,738

总现金当量和可销售证券（1）
1,911,051

1,126,133

784,918

其他流动资产：
Derivative assets
789

—

789

Other non-current assets:
Executive Deferred Savings Plan:
Money market and other
3,467

3,467

—

Mutual funds
118,556

93,895

24,661

Executive Deferred Savings Plan total
122,023

97,362

24,661

全部的financial assets(1)
$
2,033,863

$
1,223,495

$
810,368

其他流动负债：
Derivative liabilities
$
（2,329
)
$
—

$
（2,329
)
总金融负债
$
（2,329
)
$
—

$
（2,329
)
________________
（1）排除现金 $192.4 million 在运营帐户和时间存款中 7320万美元 作为 2011年12月31日 .

金融资产（不包括运营帐户和时间存款中持有的现金）和以公允价值衡量以下日期以公允价值衡量的负债，如下所示，以下是以下内容：如下：beplay官网ued
As of June 30, 2011 (In thousands)
全部的
引用价格
Active Markets
for Identical
资产（1级）
Significant Other
Observable Inputs
（2级）
Assets
Cash equivalents:
美国国库券
$
4,400

$
—

$
4,400

U.S. Government agency securities
6,010

6,010

—

公司债务证券
21,982

—

21,982

Money market and other
481,770

481,770

—

可销售的证券：
美国国库券
54,496

52,396

2,100

U.S. Government agency securities
314,173

314,173

—

Municipal securities
38,957

—

38,957

公司债务证券
853,403

—

853,403

Sovereign securities
32,086

14,696

17,390

总现金当量和可销售证券（1）
1,807,277

869,045

938,232

其他流动资产：
Derivative assets
1,970

—

1,970

Other non-current assets:
Executive Deferred Savings Plan:
Money market and other
1,806

1,806

—

Mutual funds
126,227

95971年

30,256

Executive Deferred Savings Plan total
128,033

97,777

30,256

全部的financial assets(1)
$
1,937,280

$
966,822

$
970,458

其他流动负债：
Derivative liabilities
$
（2,127
)
$
—

$
（2,127
)
总金融负债
$
（2,127
)
$
—

$
（2,127
)
________________
（1）排除现金 1.659亿美元 在运营帐户和时间存款中 6540万美元 作为 2011年6月30日 .
在指示期间，公司3级证券的变化beplay官网ued如下：
Three months ended
12月31日，
六个月结束
12月31日，
（成千上万个）
2011
2010
2011
2010
开始总计3级证券的公允价值
$
—

$
—

$
—

$
16,825

净定居点
—

—

—

(16,825
)
结束3级证券的总公允价值
$
—

$
—

$
—

$
—


在截至2010年6月30日的财政年度（以及以前的财政年度），该公司的投资组合包括拍卖率证券，这些证券通常是合同期限的投资beplay官网ued 20 to 30 年。2008年2月,因为excee销售订单ded buy orders, auctions failed for approximately 4820万美元 in par value of municipal auction rate securities that were then held by the Company. By letter dated August 8, 2008, the Company received notification from UBS AG (“UBS”), in connection with a settlement entered into between UBS and certain regulatory agencies, offering to repurchase all of the Company’s auction rate security holdings at par value. The Company formally accepted the settlement offer and entered into a repurchase agreement with UBS on November 11, 2008. On June 30, 2010, UBS repurchased the Company's 1680万美元 of then-remaining auction rate securities at par value, and the repurchase was subsequently settled in July 2010.
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