Safeway 2012 Annual Report Download - page 68

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SAFEWAY INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
56
The following table presents assets and liabilities which are measured at fair value on a recurring basis at
December 29, 2012 (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 $ 96.5 $ 91.0 $ 5.5 $ —
Short-term investments (1) 44.2 14.5 29.7 —
Non-current investments (2) 33.9 — 33.9 —
Total $174.6 $105.5 $ 69.1 $ —
Liabilities:
Contingent consideration (3) $21.8 $—$—$21.8
Total $21.8 $—$—$21.8
(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 29,
2012 follows (in millions):
Contingent
consideration
Balance, beginning of year $ 26.3
Settlements (1.5)
Unrealized gains (3.0)
Balance, end of year $ 21.8