Pitney Bowes 2011 Annual Report Download - page 77

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PITNEY BOWES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular dollars in thousands, except per share data)
59
December 31, 2011
Level 1 Level 2 Level 3 Total
Assets:
Investment securities
Money market funds/commercial paper $ 239,157 $ 300,702 $ - $ 539,859
Equity securities - 22,097 - 22,097
Commingled fixed income securities - 27,747 - 27,747
Debt securities - U.S. and foreign
governments, agencies, and municipalities 93,175 19,042 - 112,217
Debt securities - corporate notes and bonds - 31,467 - 31,467
Mortgage-backed/asset-backed securities - 134,262 - 134,262
Derivatives
Interest rate swaps - 15,465 - 15,465
Foreign exchange contracts - 4,230 - 4,230
Total assets $ 332,332 $ 555,012 $ - $ 887,344
Liabilities:
Derivatives
Foreign exchange contracts $- $ (1,439) $ - $ (1,439)
Total liabilities $- $ (1,439) $ - $ (1,439)
December 31, 2010
Level 1 Level 2 Level 3 Total
Assets:
Investment securities
Money market funds/commercial paper $ 256,074 $ 1,531 $ - $ 257,605
Equity securities - 23,410 - 23,410
Commingled fixed income securities - 27,158 - 27,158
Debt securities - U.S. and foreign
governments, agencies, and municipalities 74,425 20,971 - 95,396
Debt securities - corporate notes and bonds - 16,343 - 16,343
Mortgage-backed/asset-backed securities - 94,994 - 94,994
Derivatives
Interest rate swaps - 10,280 - 10,280
Foreign exchange contracts - 2,887 - 2,887
Total assets $ 330,499 $ 197,574 $ - $ 528,073
Liabilities:
Derivatives
Foreign exchange contracts $ - $ (6,907) $ - $ (6,907)
Total liabilities $ - $ (6,907) $ - $ (6,907)