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Note 4: Fair Value Measurements
Assets and Liabilities Measured at Fair Value on a Recurring Basis (in millions):
Fair Value Measurements at Reporting Date Using
Balance at
Sep 27, 2015
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 $ 1,530.1 $ 1,530.1 $ — $ —
Short-term investments:
Available-for-sale securities
Corporate debt securities 10.2 — 10.2 —
Foreign government obligations 2.0 — 2.0 —
State and local government obligations 3.3 — 3.3 —
Total available-for-sale securities 15.5 — 15.5 —
Trading securities 65.8 65.8 — —
Total short-term investments 81.3 65.8 15.5 —
Prepaid expenses and other current assets:
Derivative assets 50.8 — 50.8 —
Long-term investments:
Available-for-sale securities
Agency obligations 8.6 — 8.6 —
Corporate debt securities 121.8 — 121.8 —
Auction rate securities 5.9 — — 5.9
Foreign government obligations 18.5 — 18.5 —
U.S. government treasury securities 104.8 104.8 — —
State and local government obligations 9.7 — 9.7 —
Mortgage and other asset-backed securities 43.2 — 43.2 —
Total long-term investments 312.5 104.8 201.8 5.9
Other long-term assets:
Derivative assets 54.7 — 54.7 —
Total assets $ 2,029.4 $ 1,700.7 $ 322.8 $ 5.9
Liabilities:
Accrued liabilities:
Derivative liabilities $ 19.2 $ 3.6 $ 15.6 $ —
Other long-term liabilities:
Derivative liabilities 14.5 — 14.5 —
Total liabilities $ 33.7 $ 3.6 $ 30.1 $ —
Starbucks Corporation 2015 Form 10-K 69