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

Fair Value Measurements (Tables)

6 Months Ended

Jul. 01, 2017

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



(in millions)	Level 1		Level 2		Total
Assets:
Cash equivalents	$	1.4	$	—	$	1.4
Short-term investments in marketable securities	0.8		—		0.8
Restricted cash	10.7		—		10.7
Derivatives	—		7.7		7.7
Total assets	$	12.9	$	7.7	$	20.6

Liabilities:
Derivatives	$	—	$	5.2	$	5.2
Deferred compensation	4.6		29.9		34.5
Total liabilities at fair value	$	4.6	$	35.1	$	39.7
Liabilities measured at net asset value					11.3
Total liabilities					$	51.0

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 July 2, 2016:



(in millions)	Level 1		Level 2		Total
Assets:
Cash equivalents	$	101.0	$	—	$	101.0
Short-term investments in marketable securities	0.5		—		0.5
Restricted cash	12.7		—		12.7
Derivatives	—		16.1		16.1
Total assets	$	114.2	$	16.1	$	130.3

Liabilities:
Derivatives	$	—	$	7.5	$	7.5
Deferred compensation	3.7		36.8		40.5
Total liabilities at fair value	$	3.7	$	44.3	$	48.0
Liabilities measured at net asset value					12.3
Total liabilities					$	60.3