PACCAR 2012 Annual Report Download - page 81

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N O T E S T O C O N S O L I D A T E D F I N A N C I A L S T A T E M E N T S
December 31, 2012, 2011 and 2010 (currencies in millions)

PACCAR’s assets and liabilities subject to recurring fair value measurements are either Level 1 or Level 2 as follows:
At December 31, 2012 LEVEL 1 LEVEL 2 TOTAL
Assets:
Marketable debt securities
U.S. tax-exempt securities $ 218.6 $ 218.6
U.S. corporate securities 60.1 60.1
U.S. government and agency securities $ .6 .2 .8
Non-U.S. government securities 355.0 355.0
Non-U.S. corporate securities 448.7 448.7
Other debt securities 109.5 109.5
Total marketable debt securities $ .6 $ 1,192.1 $ 1,192.7
Derivatives
Interest-rate swaps $ 1.6 $ 1.6
Cross currency swaps 3.0 3.0
Foreign-exchange contracts .5 .5
Total derivative assets $ 5.1 $ 5.1
Liabilities:
Derivatives
Cross currency swaps $ 74.1 $ 74.1
Interest-rate swaps 38.2 38.2
Foreign-exchange contracts .7 .7
Total derivative liabilities $ 113.0 $ 113.0
At December 31, 2011 level 1 level 2 total
Assets:
Marketable debt securities
U.S. tax-exempt securities $ 294.4 $ 294.4
U.S. corporate securities 27.5 27.5
U.S. government and agency securities $ 1.9 1.9
Non-U.S. government securities 367.1 367.1
Non-U.S. corporate securities 148.3 148.3
Other debt securities 70.9 70.9
Total marketable debt securities $ 1.9 $ 908.2 $ 910.1
Derivatives
Interest-rate swaps $ 1.4 $ 1.4
Cross currency swaps .8 .8
Foreign-exchange contracts .2 .2
Total derivative assets $ 2.4 $ 2.4
Liabilities:
Derivatives
Cross currency swaps $ 74.7 $ 74.7
Interest-rate swaps 33.3 33.3
Foreign-exchange contracts 2.5 2.5
Total derivative liabilities $ 110.5 $ 110.5