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

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2018

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2018:



(in millions)	Level 1		Level 2		Total
Assets:
Short-term investments in marketable securities	$	0.8	$	—	$	0.8
Restricted cash	9.4		—		9.4
Derivatives	—		6.1		6.1
Total assets	$	10.2	$	6.1	$	16.3

Liabilities:
Derivatives	$	—	$	11.7	$	11.7
Deferred compensation	3.6		27.8		31.4
Total liabilities at fair value	$	3.6	$	39.5	$	43.1
Liabilities measured at net asset value					8.8
Total liabilities					$	51.9

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2017:



(in millions)	Level 1		Level 2		Total
Assets:
Cash equivalents	$	34.4	$	—	$	34.4
Short-term investments in marketable securities	0.8		—		0.8
Restricted cash	9.4		—		9.4
Derivatives	—		6.0		6.0
Total assets	$	44.6	$	6.0	$	50.6

Liabilities:
Derivatives	$	—	$	7.7	$	7.7
Deferred compensation	4.0		28.6		32.6
Total liabilities at fair value	$	4.0	$	36.3	$	40.3
Liabilities measured at net asset value					10.5
Total liabilities					$	50.8

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	$	—	$	4.8	$	4.8
Deferred compensation	4.3		27.2		31.5
Total liabilities at fair value	$	4.3	$	32.0	$	36.3
Liabilities measured at net asset value					10.4
Total liabilities					$	46.7