Brunswick Corporation Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2016

The following table summarizes Brunswick’s financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2016:



(in millions)	Level 1		Level 2		Total
Assets:
Cash equivalents	$	4.6	$	14.3	$	18.9
Short-term investments in marketable securities	0.8		35.0		35.8
Restricted cash	11.2		—		11.2
Derivatives	—		11.2		11.2
Total assets	$	16.6	$	60.5	$	77.1

Liabilities:
Derivatives	$	—	$	4.8	$	4.8
Deferred compensation	4.2		28.1		32.3
Total liabilities at fair value	$	4.2	$	32.9	$	37.1
Liabilities measured at net asset value					11.6
Total liabilities					$	48.7

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



(in millions)	Level 1		Level 2		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
Deferred compensation	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