Brunswick Corporation Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

9 Months Ended

Oct. 01, 2016

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of October 1, 2016:



(in millions)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	0.6	$	—	$	—	$	0.6
Short-term investments in marketable securities	0.8		—		—		0.8
Restricted cash	12.7		—		—		12.7
Derivatives	—		13.2		—		13.2
Total assets	$	14.1	$	13.2	$	—	$	27.3

Liabilities:
Derivatives	$	—	$	6.1	$	—	$	6.1
Other	3.9		27.6		—		31.5
Total liabilities at fair value	$	3.9	$	33.7	$	—	$	37.6
Liabilities measured at net asset value							15.0
Total liabilities							$	52.6

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2015:



(in millions)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	131.3	$	138.9	$	—	$	270.2
Short-term investments in marketable securities	0.8		10.7		—		11.5
Restricted cash	12.7		—		—		12.7
Derivatives	—		13.5		—		13.5
Total assets	$	144.8	$	163.1	$	—	$	307.9

Liabilities:
Derivatives	$	—	$	5.6	$	—	$	5.6
Other	3.8		34.6		—		38.4
Total liabilities at fair value	$	3.8	$	40.2	$	—	$	44.0
Liabilities measured at net asset value							11.3
Total liabilities							$	55.3

The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of October 3, 2015:



(in millions)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents	$	141.1	$	118.4	$	—	$	259.5
Short-term investments in marketable securities	0.8		31.7		—		32.5
Restricted cash	15.6		—		—		15.6
Derivatives	—		15.2		—		15.2
Total assets	$	157.5	$	165.3	$	—	$	322.8

Liabilities:
Derivatives	$	—	$	6.3	$	—	$	6.3
Other	6.5		33.6		—		40.1
Total liabilities at fair value	$	6.5	$	39.9	$	—	$	46.4
Liabilities measured at net asset value							11.1
Total liabilities							$	57.5