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

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2017

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2017:



(in millions)	Level 1		Level 2		Total
Assets:
Cash equivalents	$	0.4	$	34.0	$	34.4
Short-term investments in marketable securities	0.8		—		0.8
Restricted cash	10.7		—		10.7
Derivatives	—		7.2		7.2
Total assets	$	11.9	$	41.2	$	53.1

Liabilities:
Derivatives	$	—	$	13.1	$	13.1
Deferred compensation	4.0		28.4		32.4
Total liabilities at fair value	$	4.0	$	41.5	$	45.5
Liabilities measured at net asset value					11.2
Total liabilities					$	56.7

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 October 1, 2016:



(in millions)	Level 1		Level 2		Total
Assets:
Cash equivalents	$	0.6	$	—	$	0.6
Short-term investments in marketable securities	0.8		—		0.8
Restricted cash	12.7		—		12.7
Derivatives	—		13.2		13.2
Total assets	$	14.1	$	13.2	$	27.3

Liabilities:
Derivatives	$	—	$	6.1	$	6.1
Deferred compensation	3.9		27.6		31.5
Total liabilities at fair value	$	3.9	$	33.7	$	37.6
Liabilities measured at net asset value					15.0
Total liabilities					$	52.6