Burger King 2011 Annual Report Download - page 113

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Table of Contents
BURGER KING HOLDINGS, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements — (Continued)
Note 12. Fair Value Measurements
Fair Value Measurements
The following table presents financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2011, December 31, 2010 and
June 30, 2010 (in millions):
Successor
As of December 31, 2011 Fair Value Measurements as of December 31, 2011
Carrying Value and Balance Sheet Location Assets (Liabilities)
Description
Prepaid
and
Other
Current
Assets
Other
Assets
Other
Accrued
Liabilities
Other
liabilities
Quoted Prices
in Active
Markets for
Identical
Instruments
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Derivatives designated as cash
flow hedging instruments:
Interest rate caps $ 3.3 $ 18.6 $ — $ — $ — $ 21.9 $ —
Total $ 3.3 $ 18.6 $ — $ — $ — $ 21.9 $ —
Other investments:
Investments held in a rabbi trust $ — $ 10.8 $ — $ — $ 10.8 $ — $ —
Total $ — $ 10.8 $ — $ — $ 10.8 $ — $ —
As of December 31, 2010 Fair Value Measurements as of December 31, 2010
Carrying Value and Balance Sheet Location Assets (Liabilities)
Description
Prepaid
and
Other
Current
Assets
Other
Assets
Other
Accrued
Liabilities
Other
liabilities
Quoted Prices
in Active
Markets for
Identical
Instruments
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Derivatives designated as cash
flow hedging instruments:
Interest rate caps $ 11.1 $ 80.0 $ — $ — $ — $ 91.1 $ —
Foreign currency forward
contracts (asset) 0.1 — — — — 0.1 —
Total $ 11.2 $ 80.0 $ — $ — $ — $ 91.2 $ —
112
Source: Burger King Holdings Inc, 10-K, March 14, 2012 Powered by Morningstar® Document Research℠