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Newell Rubbermaid Inc. 2010 Annual Report
>
78 NEWELL RUBBERMAID 2010 Annual Report
The following tables present the Company’s non-pension related financial assets and liabilities, which are measured at fair
value on a recurring basis as of December 31, 2010 and 2009 (in millions):
Quoted Prices in
Fair Value as Active Markets Significant Other Significant
of December 31, for Identical Observable Unobservable
Description 2010 Assets (Level 1) Inputs (Level 2) Inputs (Level 3)
Assets
Money market fund investments(1) $ 10.5 $ — $ 10.5 $ —
Investment securities, including mutual funds(2) 22.7 7.4 15.3 —
Interest rate swaps 42.3 — 42.3 —
Foreign currency derivatives 2.6 — 2.6 —
Total $ 78.1 $ 7.4 $ 70.7 $ —
Liabilities
Foreign currency derivatives $ 2.0 $ — $ 2.0 $ —
Total $ 2.0 $ — $ 2.0 $ —
Quoted Prices in
Fair Value as Active Markets Significant Other Significant
of December 31, for Identical Observable Unobservable
Description 2009 Assets (Level 1) Inputs (Level 2) Inputs (Level 3)
Assets
Money market fund investments(1) $ 14.6 $ — $ 14.6 $ —
Investment securities, including mutual funds(2) 31.6 6.6 25.0 —
Interest rate swaps 20.9 — 20.9 —
Foreign currency derivatives 1.3 — 1.3 —
Total $ 68.4 $ 6.6 $ 61.8 $ —
Liabilities
Interest rate swaps $ 2.5 $ — $ 2.5 $ —
Foreign currency derivatives 1.5 — 1.5 —
Total $ 4.0 $ — $ 4.0 $ —
(1) Investments in money market funds are classified as cash equivalents due to their short-term nature and the ability for them to be readily converted into cash.
Investments in money market funds are valued at the net asset value per share or unit multiplied by the number of shares or units held as of the measurement
date and, accordingly, have been classified as Level 2 investments.
(2) The values of investment securities, including mutual funds, are classified as cash and cash equivalents ($7.4 million and $16.9 million at December 31, 2010 and
2009, respectively) and other assets ($15.3 million and $14.7 million at December 31, 2010 and 2009, respectively). For mutual funds that are publicly traded, fair
value is determined on the basis of quoted market prices and, accordingly, these investments have been classified as Level 1. Other investment securities are
valued at the net asset value per share or unit multiplied by the number of shares or units held as of the measurement date and have been classified as Level 2.