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60
Fair Value Measurements at Reporting Date Using
Balance at
September 30, 2012
Quoted Prices
in Active
Markets for
Identical Assets
(Level 1)
Significant
Other Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Assets:
Cash and cash equivalents $ 1,188.6 $ 1,188.6 $ — $ —
Short-term investments:
Available-for-sale securities
Agency obligations 80.0 — 80.0 —
Commercial paper 103.9 — 103.9 —
Corporate debt securities 84.3 — 84.3 —
Government treasury securities 459.7 459.7 — —
Certificates of deposit 62.9 — 62.9 —
Total available-for-sale securities 790.8 459.7 331.1 —
Trading securities 57.6 57.6 — —
Total short-term investments 848.4 517.3 331.1 —
Short-term derivatives 9.5 — 9.5 —
Long-term investments:
Available-for-sale securities
Agency obligations 14.0 — 14.0 —
Corporate debt securities 61.3 — 61.3 —
Auction rate securities 18.6 — — 18.6
Certificates of deposit 22.1 — 22.1 —
Total long-term investments 116.0 — 97.4 18.6
Total $ 2,162.5 $ 1,705.9 $ 438.0 $ 18.6
Liabilities:
Short-term derivatives $ 18.9 $ — $ 18.9 $ —
Long-term derivatives 3.0 — 3.0 —
Total $ 21.9 $ — $ 21.9 $ —
Short-term and long-term derivative assets are included in prepaid expenses and other current assets and other assets,
respectively. Short-term and long-term derivative liabilities are included in other accrued liabilities and other long-term
liabilities, respectively.
Available-for-sale Securities
Available-for-sale securities include government treasury securities, corporate and agency bonds, commercial paper, certificates
of deposit placed through an account registry service and auction rate securities (“ARS”). Proceeds from sales of, and realized
gains and losses on sales and maturities of, available-for-sale securities were not material for fiscal years 2013, 2012, and 2011.
Certificates of deposit have maturity dates ranging from approximately 1 month to 9 months and principal amounts, that when
aggregated with interest that will accrue over the investment term, will not exceed Federal Deposit Insurance Corporation
limits. Certificates of deposit with original maturities of 90 days or less, which are included in cash and cash equivalents, were
not material as of September 29, 2013 and September 30, 2012.
Long-term investments (except for ARS) generally mature within 3 years. ARS have contractual maturities ranging from 17 to
30 years and are collateralized by portfolios of student loans, substantially all of which are guaranteed by the United States
Department of Education.
Gross unrealized holding gains and losses on investments were not material as of September 29, 2013 and September 30, 2012.
Trading Securities
Trading securities include equity mutual funds and exchange-traded funds. For these securities, we use quoted prices in active
markets for identical assets to determine fair value, thus these securities are considered Level 1 instruments. Our trading
securities portfolio approximates a portion of the liability under the Management Deferred Compensation Plan (“MDCP”), a
2013 10-K
Starbucks Corporation Form