Electronic Arts 2012 Annual Report Download - page 160

Assets and Liabilities Measured at Fair Value on a Recurring Basis
As of March 31, 2012 and 2011, our assets and liabilities that were measured and recorded at fair value on a
recurring basis were as follows (in millions):
Fair Value Measurements at Reporting
Date Using
As of
March 31,
2012
Quoted
Prices in
Active
Markets for
Identical
Financial
Instruments
Significant
Other
Observable
Inputs
Significant
Unobservable
Inputs
(Level 1) (Level 2) (Level 3) Balance Sheet Classification
Assets
Money market funds ................. $ 490 $490 $ — $ — Cash equivalents
Available-for-sale securities:
U.S. Treasury securities ............ 170 170 — — Short-term investments and
cash equivalents
Corporate bonds .................. 150 — 150 — Short-term investments
Marketable equity securities ......... 119 119 — — Marketable equity securities
U.S. agency securities ............. 116 — 116 — Short-term investments
Commercial paper ................ 16 — 16 — Short-term investments and
cash equivalents
Deferred compensation plan assets(a) .... 11 11 — — Other assets
Foreign currency derivatives .......... 2 — 2 — Other current assets
Total assets at fair value ............ $1,074 $790 $284 $ —
Liabilities
Contingent consideration(b) ........... $ 112 $ — $ — $112 Accrued and other current
liabilities and other liabilities
Total liabilities at fair value ......... $ 112 $ — $ — $112
Fair Value Measurements Using
Significant Unobservable Inputs (Level 3)
Contingent
Consideration
Balance as of March 31, 2011 ...................................... $ 51
Additions .................................................... 100
Change in fair value(c) ........................................... 11
Payments (d) ................................................... (25)
Reclassification(e) .............................................. (25)
Balance as of March 31, 2012 ...................................... $112
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