Google 2010 Annual Report Download - page 81

Download and view the complete annual report

Please find page 81 of the 2010 Google annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 107

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107

As of
December 31,
2010
Fair value measurement at reporting date using
Description
Quoted Prices
in Active Markets
for Identical Assets
(Level 1)
Significant Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Assets
Cash equivalents:
Time deposits . . . . . . . . . . . . . . . . . . . . . . . . $ 973 $ 0 $ 973 $ 0
Money market and other funds ......... 7,547 5,936 1,611(1) 0
U.S. government notes . . . . . . . . . . . . . . . . 300 300 0 0
Foreign government bonds . . . . . . . . . . . . . 150 0 150 0
Corporate debt securities .............. 8 0 8 0
Marketable securities:
Timedeposits ........................ 304 0 304 0
Money market mutual funds ............ 3 0 3 0
U.S. government agencies ............. 1,857 0 1,857 0
U.S. government notes ................ 3,930 3,930 0 0
Foreign government bonds ............. 1,172 0 1,172 0
Municipal securities ................... 2,503 0 2,503 0
Corporate debt securities .............. 5,742 0 5,742 0
Agency residential mortgage-backed
securities .......................... 5,673 0 5,673 0
Marketable equity security . . . . . . . . . . . . . 161 161 0 0
Foreign currency derivative contracts . . . . . . . . 342 0 342 0
Auction rate securities . . . . . . . . . . . . . . . . . . . . . 153 0 0 153
Total ..................................... $30,818 $10,327 $20,338 $153
Liabilities
Foreign currency derivative contracts ........ $ 8 0 $ 8 0
Total ..................................... $ 8 $ 0 $ 8 $ 0
(1) This balance represents the cash collateral received in connection with our securities lending program, which
was invested in reverse repurchase agreements maturing within three months.
The following table presents reconciliations for our assets measured and recorded at fair value on a recurring
basis, using significant unobservable inputs (Level 3) (in millions):
Level 3
Balance at January 1, 2008 ........................................................... $ 0
TransferstoLevel3 .................................................................. 311
Change in unrealized loss included in other comprehensive income ........................ (35)
Net settlements ..................................................................... (79)
BalanceatDecember31,2008 ........................................................ $197
Change in unrealized loss included in other comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . 12
Net settlements ..................................................................... (27)
BalanceatDecember31,2009 ........................................................ 182
Change in unrealized loss included in other comprehensive income ........................ 4
Net settlements ..................................................................... (33)
BalanceatDecember31,2010 ........................................................ $153
68