Brunswick Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2020

Summary of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table summarizes the Company's financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2020:


(in millions)	Level 1		Level 2		Total
Assets:
Cash equivalents	$	19.3	$	—	$	19.3
Short-term investments in marketable securities	56.7		—		56.7
Restricted cash	10.7		—		10.7
Derivatives	—		2.2		2.2
Total assets	$	86.7	$	2.2	$	88.9

Liabilities:
Derivatives	$	—	$	12.0	$	12.0
Deferred compensation	1.1		18.7		19.8
Total liabilities at fair value	$	1.1	$	30.7	$	31.8
Liabilities measured at net asset value					10.7
Total liabilities					$	42.5

The following table summarizes the Company's financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2019:


(in millions)	Level 1		Level 2		Total
Assets:
Cash equivalents	$	0.3	$	—	$	0.3
Short-term investments in marketable securities	0.8		—		0.8
Restricted cash	11.6		—		11.6
Derivatives	—		4.2		4.2
Total assets	$	12.7	$	4.2	$	16.9

Liabilities:
Derivatives	$	—	$	3.2	$	3.2
Deferred compensation	1.2		18.8		20.0
Total liabilities at fair value	$	1.2	$	22.0	$	23.2
Liabilities measured at net asset value					8.5
Total liabilities					$	31.7

Refer to Note 14 – Financial Instruments for additional information related to the fair value of derivative assets and liabilities by class. In addition to the items shown in the tables above, see Note 17 – Postretirement Benefits for further discussion regarding the fair value measurements associated with the Company's postretirement benefit plans.