Brunswick Corporation Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

3 Months Ended

Apr. 02, 2016

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of April 2, 2016:



(in millions)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	9.4	$	—	$	—	$	9.4
Short-term investments in marketable securities	0.8		—		—		0.8
Restricted cash	12.7		—		—		12.7
Derivatives	—		12.5		—		12.5
Total assets	$	22.9	$	12.5	$	—	$	35.4

Liabilities:
Derivatives	$	—	$	8.4	$	—	$	8.4
Other	3.8		36.2		—		40.0
Total liabilities at fair value	$	3.8	$	44.6	$	—	$	48.4
Liabilities measured at net asset value							11.6
Total liabilities							$	60.0

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2015:



(in millions)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	131.3	$	138.9	$	—	$	270.2
Short-term investments in marketable securities	0.8		10.7		—		11.5
Restricted cash	12.7		—		—		12.7
Derivatives	—		13.5		—		13.5
Total assets	$	144.8	$	163.1	$	—	$	307.9

Liabilities:
Derivatives	$	—	$	5.6	$	—	$	5.6
Other	3.8		34.6		—		38.4
Total liabilities at fair value	$	3.8	$	40.2	$	—	$	44.0
Liabilities measured at net asset value							11.3
Total liabilities							$	55.3

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of April 4, 2015:



(in millions)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	111.3	$	34.5	$	—	$	145.8
Short-term investments in marketable securities	0.8		57.0		—		57.8
Restricted cash	15.6		—		—		15.6
Derivatives	—		15.8		—		15.8
Total assets	$	127.7	$	107.3	$	—	$	235.0

Liabilities:
Derivatives	$	—	$	5.1	$	—	$	5.1
Other	7.0		35.0		—		42.0
Total liabilities at fair value	$	7.0	$	40.1	$	—	$	47.1
Liabilities measured at net asset value							12.2
Total liabilities							$	59.3