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

Fair Value Measurements (Tables)

3 Months Ended

Apr. 01, 2017

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of April 1, 2017:



(in millions)	Level 1		Level 2		Total
Assets:
Cash equivalents	$	3.7	$	—	$	3.7
Short-term investments in marketable securities	0.7		—		0.7
Restricted cash	11.2		—		11.2
Derivatives	—		7.8		7.8
Total assets	$	15.6	$	7.8	$	23.4

Liabilities:
Derivatives	$	—	$	5.3	$	5.3
Deferred compensation	4.4		30.0		34.4
Total liabilities at fair value	$	4.4	$	35.3	$	39.7
Liabilities measured at net asset value					11.7
Total liabilities					$	51.4

The following table summarizes the Company’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 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		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
Deferred compensation	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