Safeway 2011 Annual Report Download - page 70

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SAFEWAY INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
The following table presents assets and liabilities which are measured at fair value on a recurring basis at
December 31, 2011 (in millions):
Fair Value Measurements
Assets: Total
Quoted prices in
active markets
for identical
assets
(Level 1)
Significant
observable
inputs
(Level 2)
Significant
unobservable
inputs
(Level 3)
Cash equivalents $ 546.0 $ 290.0 $ 256.0 $ –
Short-term investments 152.4 22.6 29.8 –
Interest rate swap 14.4 – 4.4 –
Non-current investments 238.7 – 38.7 –
Total $ 641.5 $ 312.6 $ 328.9 $ –
Liabilities:
Contingent consideration 3$ 26.3 $ – $ – $26.3
Total $ 26.3 $ – $ – $26.3
(1) Included in Prepaid Expenses and Other Current Assets on the balance sheet.
(2) Included in Other Assets on the balance sheet.
(3) Included in Other Accrued Liabilities and Accrued Claims and Other Liabilities on the balance sheet.
A reconciliation of the beginning and ending balances for Level 3 liabilities for the year ended December 31, 2011 follows
(in millions):
Contingent
consideration
Balance, beginning of year $ 3.0
Additions 23.2
Unrealized (gains) losses, net 0.1
Balance, end of year $26.3
52