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

Annual report pursuant to Section 13 and 15(d)

Investments (Tables)

Investments (Tables)

12 Months Ended

Dec. 31, 2011

The following is a summary of the Company's available-for-sale securities as of December 31, 2011:

(in millions)	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value (net carrying amount)

Agency Bonds	$	97.7	$	-	$	(0.1	)	$	97.6
Corporate Bonds		51.7		-		-			51.7
Commercial Paper		19.5		-		-			19.5
U.S. Treasury Bills		0.8		-		-			0.8

Total available-for-sale securities	$	169.7	$	-	$	(0.1	)	$	169.6

The following is a summary of the Company's available-for-sale securities as of December 31, 2010:

(in millions)	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair value (net carrying amount)

Corporate Bonds	$	44.5	$	-	$	(0.1	)	$	44.4
Agency Bonds		31.0		-		-			31.0
Commercial Paper		29.5		-		-			29.5
U.S. Treasury Bills		0.8		-		-			0.8

Total available-for-sale securities	$	105.8	$	-	$	(0.1	)	$	105.7

The net carrying value and estimated fair value of debt securities at December 31, 2011, by contractual maturity, are shown below:

(in millions)	Amortized cost		Fair value (net carrying amount)

Available-for-sale debt securities:
Due in one year or less	$	76.7	$	76.7
Due after one year through two years		93.0		92.9

Total available-for-sale debt securities	$	169.7	$	169.6

The net carrying value and estimated fair value of debt securities at December 31, 2010, by contractual maturity, are shown below:

(in millions)	Amortized cost		Fair value (net carrying amount)

Available-for-sale debt securities:
Due in one year or less	$	84.8	$	84.7
Due after one year through two years		21.0		21.0

Total available-for-sale debt securities	$	105.8	$	105.7

- Definition

Tabular disclosure of available-for-sale securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt.

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+ Details