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

Fair Value Measurements (Tables)

6 Months Ended

Jul. 02, 2016

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		Level 3		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
Other	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

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



(in millions)	Level 1		Level 2		Level 3		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
Other	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

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of July 4, 2015:



(in millions)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	126.1	$	68.5	$	—	$	194.6
Short-term investments in marketable securities	0.8		25.0		—		25.8
Restricted cash	15.6		—		—		15.6
Derivatives	—		7.7		—		7.7
Total assets	$	142.5	$	101.2	$	—	$	243.7

Liabilities:
Derivatives	$	—	$	6.9	$	—	$	6.9
Other	6.9		35.4		—		42.3
Total liabilities at fair value	$	6.9	$	42.3	$	—	$	49.2
Liabilities measured at net asset value							11.6
Total liabilities							$	60.8