Lexmark 2013 Annual Report Download - page 105

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Beginning balance of amounts related to credit losses, January 1, 2011 $ 2.7
Credit losses on debt securities for which OTTI was not previously recognized –
Additional credit losses on debt securities for which OTTI was previously recognized –
Reductions for securities sold in the period for which OTTI was previously recognized (0.5)
Ending balance of amounts related to credit losses, December 31, 2011 $ 2.2
Credit losses on debt securities for which OTTI was not previously recognized –
Additional credit losses on debt securities for which OTTI was previously recognized –
Reductions for securities sold in the period for which OTTI was previously recognized (1.9)
Ending balance of amounts related to credit losses, December 31, 2012 $ 0.3
Credit losses on debt securities for which OTTI was not previously recognized –
Additional credit losses on debt securities for which OTTI was previously recognized –
Reductions for securities sold in the period for which OTTI was previously recognized (0.1)
Ending balance of amounts related to credit losses, December 31, 2013 $ 0.2
The following table provides information at December 31, 2013, about the Company’s marketable securities with gross unrealized
losses for which no other-than-temporary impairment has been incurred, and the length of time that individual securities have been in
a continuous unrealized loss position. The gross unrealized loss of $1.5 million, pre-tax, is recognized in accumulated other
comprehensive income:
Less than 12 Months 12 Months or More Total
Fair Unrealized Fair Unrealized Fair Unrealized
Value Loss Value Loss Value Loss
Auction rate securities $ – $ – $ 6.7 $ (1.1) $ 6.7 $ (1.1)
Corporate debt securities 85.7 (0.2) 1.2 – 86.9 (0.2)
Asset-backed and mortgage-backed securities 43.4 (0.1) 0.1 – 43.5 (0.1)
Government and agency 158.5 (0.1) – – 158.5 (0.1)
Total $ 287.6 $ (0.4) $ 8.0 $ (1.1) $ 295.6 $ (1.5)
As of December 31, 2013, none of the Company's marketable securities for which OTTI has been incurred are in an unrealized loss
position.
The following table provides information, at December 31, 2012, about the Company’s marketable securities with gross unrealized
losses for which no other-than-temporary impairment has been incurred, and the length of time that individual securities have been in
a continuous unrealized loss position. The gross unrealized loss of $1.6 million, pre-tax, is recognized in accumulated other
comprehensive income:
Less than 12 Months 12 Months or More Total
Fair Unrealized Fair Unrealized Fair Unrealized
Value Loss Value Loss Value Loss
Auction rate securities $ – $ – $ 6.3 $ (1.5) $ 6.3 $ (1.5)
Corporate debt securities 54.9 (0.1) 1.4 – 56.3 (0.1)
Asset-backed and mortgage-backed securities 6.7 – 0.2 – 6.9 –
Government and agency 30.9 – – – 30.9 –
Total $ 92.5 $ (0.1) $ 7.9 $ (1.5) $ 100.4 $ (1.6)
The following table provides information, at December 31, 2012, about the Company’s marketable securities with gross unrealized
losses for which other-than-temporary impairment has been incurred, and the length of time that individual securities have been in a
continuous unrealized loss position:
Less than 12 Months 12 Months or More Total
Fair Unrealized Fair Unrealized Fair Unrealized
Value Loss Value Loss Value Loss
Asset-backed and mortgage-backed securities $ 0.1 $ – $ – $ – $ 0.1 $ –
Total $ 0.1 $ – $ – $ – $ 0.1 $ –
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