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61
Fair Value of Financial Instruments
The following tables summarize certain fair value information at December 31 for assets and liabilities
measured at fair value on a recurring basis, as well as the carrying amount and amortized cost of certain
other investments:
Fair Value Measurements Using
Description Carrying
Amount Amortized
Cost
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3) Fair
Value
December 31, 2012
Cash and cash equivalents. . . . $ 4,018.8 $ 4,018.8 $ 3,964.4 $ 54.4 $ $ 4,018.8
Short-term investments
U.S. government and
agencies. . . . . . . . . . . . . . . . $ 150.2 $ 150.2 $ 150.2 $ $ $ 150.2
Corporate debt securities. . . . 1,503.5 1,501.5 1,503.5 1,503.5
Other securities. . . . . . . . . . . . 11.8 11.8 11.8 11.8
Short-term investments. . . . . $ 1,665.5 $ 1,663.5
Noncurrent investments
U.S. government and
agencies. . . . . . . . . . . . . . . . $ 1,362.7 $ 1,360.3 $1,122.4 $240.3 $ $ 1,362.7
Corporate debt securities. . . . 3,351.3 3,322.9 3,351.3 3,351.3
Mortgage-backed . . . . . . . . . . 668.1 677.7 668.1 668.1
Asset-backed. . . . . . . . . . . . . . 519.0 523.5 519.0 519.0
Other securities. . . . . . . . . . . . 3.3 3.3 3.3 3.3
Marketable equity. . . . . . . . . . 175.8 83.0 175.8 175.8
Equity method and other
investments(1) . . . . . . . . . . . . 233.1 233.1
Noncurrent investments. . . . . $ 6,313.3 $ 6,203.8
December 31, 2011
Cash and cash equivalents. . . . $ 5,922.5 $ 5,922.5 $ 5,264.6 $ 657.9 $ $ 5,922.5
Short-term investments
U.S. government and
agencies. . . . . . . . . . . . . . . . $ 362.3 $ 362.3 $ 351.3 $ 11.0 $ $ 362.3
Corporate debt securities. . . . 600.7 601.1 600.7 600.7
Other securities. . . . . . . . . . . . 11.6 11.6 11.6 11.6
Short-term investments. . . . . $ 974.6 $ 975.0
Noncurrent investments
U.S. government and
agencies. . . . . . . . . . . . . . . . $ 908.8 $ 901.3 $ 673.5 $ 235.3 $ $ 908.8
Corporate debt securities. . . . 2,081.3 2,093.3 2,081.3 2,081.3
Mortgage-backed . . . . . . . . . . 443.8 479.1 443.8 443.8
Asset-backed. . . . . . . . . . . . . . 245.0 253.2 245.0 245.0
Other securities. . . . . . . . . . . . 10.0 11.9 8.7 1.3 10.0
Marketable equity. . . . . . . . . . 180.8 107.5 180.8 180.8
Equity method and other
investments(1) . . . . . . . . . . . . 160.1 160.1
Noncurrent investments. . . . . $ 4,029.8 $ 4,006.4
1 Fair value not applicable