Johnson Controls 2012 Annual Report Download - page 77

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77
Recurring Fair Value Measurements
The following tables present the Company’s fair value hierarchy for those assets and liabilities measured at fair
value as of September 30, 2012 and 2011 (in millions):
Fair Value Measurements Using:
Total as of
Quoted Prices
in Active
Markets
Significant
Other
Observable
Inputs
Significant
Unobservable
Inputs
September 30, 2012
(Level 1)
(Level 2)
(Level 3)
Other current assets
Foreign currency exchange derivatives
$
22
$
-
$
22
$
-
Commodity derivatives
11
-
11
-
Interest rate swaps
2
-
2
-
Cross-currency interest rate swaps
1
-
1
-
Other noncurrent assets
Interest rate swaps
6
-
6
-
Investments in marketable common stock
32
32
-
-
Equity swap
123
123
-
-
Total assets
$
197
$
155
$
42
$
-
Other current liabilities
Foreign currency exchange derivatives
$
26
$
-
$
26
$
-
Current portion of long-term debt
Fixed rate debt swapped to floating
401
-
401
-
Long-term debt
Fixed rate debt swapped to floating
456
-
456
-
Total liabilities
$
883
$
-
$
883
$
-
Fair Value Measurements Using:
Total as of
Quoted Prices
in Active
Markets
Significant
Other
Observable
Inputs
Significant
Unobservable
Inputs
September 30, 2011
(Level 1)
(Level 2)
(Level 3)
Other current assets
Foreign currency exchange derivatives
$
46
$
-
$
46
$
-
Other noncurrent assets
Interest rate swaps
15
-
15
-
Investments in marketable common stock
34
34
-
-
Equity swap
112
112
-
-
Foreign currency exchange derivatives
27
-
27
-
Total assets
$
234
$
146
$
88
$
-
Other current liabilities
Foreign currency exchange derivatives
$
70
$
-
$
70
$
-
Cross-currency interest rate swaps
20
-
20
-
Commodity derivatives
32
-
32
-
Long-term debt
Fixed rate debt swapped to floating
865
-
865
-
Other noncurrent liabilities
Foreign currency exchange derivatives
30
-
30
-
Total liabilities
$
1,017
$
-
$
1,017
$
-