Pitney Bowes 2010 Annual Report Download - page 83

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PITNEY BOWES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular dollars in thousands, except per share data)
64
Recurring Fair Value Measurements at December 31, 2010
Level 1 Level 2 Level 3 Total
Assets:
Investment securities
Money market funds / commercial paper $ 281,865 $ 1,531 $ - $ 283,396
Equity securities - 23,410 - 23,410
Debt securities - U.S. and foreign
governments, agencies, and municipalities 74,425 30,725 - 105,150
Corporate notes and bonds - 22,262 - 22,262
Asset-backed securities - 1,490 - 1,490
Mortgage-backed securities - 104,989 - 104,989
Derivatives
Interest rate swaps - 10,280 - 10,280
Foreign exchange contracts - 2,887 - 2,887
Total assets $ 356,290 $ 197,574 $ - $ 553,864
Liabilities:
Derivatives
Foreign exchange contracts $- $ 6,907 $ - $ 6,907
Total liabilities $- $ 6,907 $ - $ 6,907
Recurring Fair Value Measurements at December 31, 2009
Level 1 Level 2 Level 3 Total
Assets:
Investment securities
Money market funds / commercial paper $ 225,581 $ - $ - $ 225,581
Equity securities - 21,027 - 21,027
Debt securities - U.S. and foreign
governments, agencies, and municipalities 53,173 28,754 - 81,927
Corporate notes and bonds - 13,305 - 13,305
Asset-backed securities - 296 - 296
Mortgage-backed securities - 19,708 - 19,708
Derivatives
Interest rate swaps 13,284 13,284
Foreign exchange contracts - 2,390 - 2,390
Total assets $ 278,754 $ 98,764 $ - $ 377,518
Liabilities:
Derivatives
Foreign exchange contracts $ - $ 3,050 $ - $ 3,050
Total liabilities $ - $ 3,050 $ - $ 3,050