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

Fair Value Measurements (Tables)

3 Months Ended

Mar. 30, 2019

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of March 30, 2019:



(in millions)	Level 1		Level 2		Total
Assets:
Cash equivalents	$	0.2	$	—	$	0.2
Short-term investments in marketable securities	0.8		—		0.8
Restricted cash	9.1		—		9.1
Derivatives	—		9.1		9.1
Total assets	$	10.1	$	9.1	$	19.2

Liabilities:
Derivatives	$	—	$	1.8	$	1.8
Deferred compensation	3.8		24.6		28.4
Total liabilities at fair value	$	3.8	$	26.4	$	30.2
Liabilities measured at net asset value					10.2
Total liabilities					$	40.4

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



(in millions)	Level 1		Level 2		Total
Assets:
Short-term investments in marketable securities	$	0.8	$	—	$	0.8
Restricted cash	9.0		—		9.0
Derivatives	—		9.1		9.1
Total assets	$	9.8	$	9.1	$	18.9

Liabilities:
Derivatives	$	—	$	3.1	$	3.1
Deferred compensation	3.5		22.9		26.4
Total liabilities at fair value	$	3.5	$	26.0	$	29.5
Liabilities measured at net asset value					10.2
Total liabilities					$	39.7

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