Electronic Arts 2009 Annual Report Download - page 157

Annual Report
Deferred compensation plan assets are categorized as Level 1 and consist of various mutual funds.
Our Level 1 financial instruments are valued using quoted prices in active markets for identical instruments. Our
Level 2 financial instruments, including derivative instruments, are valued using quoted prices for identical
instruments in less active markets or using other observable market inputs for comparable instruments. As of
March 31, 2009, we did not have any Level 3 financial instruments that were measured and recorded at fair value
on a recurring basis.
Assets Measured at Fair Value on a Nonrecurring Basis
As of March 31, 2009, our financial assets that are measured and recorded at fair value on a nonrecurring basis
were as follows (in millions):
Year Ended
March 31,
2009
Fair Value Measurements Using
Total Losses for
the Year Ended
March 31, 2009
Quoted Prices in
Active Markets
for Identical
Financial
Instruments
Significant
Other
Observable
Inputs
Significant
Unobservable
Inputs
(Level 1) (Level 2) (Level 3)
Assets
Other investments ................ $8 $— $8 $— $10
Total assets at fair value ......... $8 $— $8 $— $10
Other investments included in the table above were measured and recorded on a nonrecurring basis using other
observable market inputs for comparable instruments. During the year ended March 31, 2009, we measured
certain of our other investments at fair value due to various factors, including but not limited to, the extent and
duration during which the fair value had been below cost. See Note 3 for information regarding other
investments.
(3) FINANCIAL INSTRUMENTS
Fair Value of Financial Instruments
Cash, cash equivalents, receivables, accounts payable and accrued and other liabilities are valued at their carrying
amounts as they approximate their fair value due to the short maturity of these financial instruments.
77