Lexmark 2013 Annual Report Download - page 87

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Available-for-sale marketable securities
ARS - muni ARS -
Twelve Months Ended December 31, 2013 Total Level 3 Corporate debt AB and MB Debt preferred
securities securities securities securities securities
Balance, beginning of period $ 15.0 $ 5.2 $ 3.5 $ 3.3 $ 3.0
Realized and unrealized gains/(losses) included in earnings (1) – – – – –
Unrealized gains/(losses) included in OCI - OTTI securities 0.1 – 0.1 – –
Unrealized gains/(losses) included in OCI - All other 0.5 – – 0.2 0.3
Purchases 0.2 0.2 – – –
Sales (0.6) (0.6) – – –
Maturities and paydowns (0.8) – (0.7) (0.1) –
Transfers out (2) (5.9) (4.8) (1.1) – –
Balance, end of period $ 8.5 $ – $ 1.8 $ 3.4 $ 3.3
OCI = Other comprehensive income
OTTI = Other than temporary impairment
AB = Asset-backed
MB = Mortgage-backed
ARS = Auction rate security
(1) Included in Other expense (income), net on the Consolidated Statements of Earnings
(2) Transfers out of Level 3 were on a gross basis. Transfers out of Level 3 resulted from the Company being able to obtain information demonstrating that the prices
were observable in the market during the periods shown.
Of the realized and unrealized losses included in earnings during the year ended December 31, 2013, none were related to Level 3
securities held by the Company at December 31, 2013.
For purposes of comparison, the following table presents additional information about Level 3 assets measured at fair value on a
recurring basis for the year ended December 31, 2012:
Available-for-sale marketable securities
Twelve Months Ended Total Level 3 Agency Debt Corporate debt AB and MB ARS - muni ARS - preferred
December 31, 2012 securities securities securities securities debt securities securities
Balance, beginning of period $ 36.3 $ 1.5 $ 18.5 $ 4.8 $ 8.2 $ 3.3
Realized and unrealized
gains/(losses) included in
earnings (1) 1.7 – – 0.1 1.6 –
Unrealized gains/(losses)
included in OCI - OTTI
securities (0.9) – – 0.1 (1.0) –
Unrealized gains/(losses)
included in OCI - All other 1.1 – 0.1 0.3 1.0 (0.3)
Purchases 3.0 – 3.0 – – –
Sales and redemptions (23.2) (4.3) (11.2) (1.2) (6.5) –
Maturities (3.8) – (3.8) – – –
Transfers in (2) 9.4 4.3 5.1 – – –
Transfers out (2) (8.6) (1.5) (6.5) (0.6) – –
Balance, end of period $ 15.0 $ – $ 5.2 $ 3.5 $ 3.3 $ 3.0
OCI = Other comprehensive income
OTTI = Other than temporary impairment
AB = Asset-backed
MB = Mortgage-backed
ARS = Auction rate security
(1) Included in Other expense (income), net on the Consolidated Statements of Earnings
(2) Transfers in and out of Level 3 were on a gross basis. Transfers into Level 3 resulted from the Company being unable to corroborate the prices of these securities
with a sufficient level of observable market data to maintain Level 2 classification. Transfers out of Level 3 resulted from the Company being able to obtain information
demonstrating that the prices were observable in the market during the periods shown.
Of the realized and unrealized losses included in earnings during the year ended December 31, 2012, none were related to Level 3
securities held by the Company at December 31, 2012.
Transfers
2013
83