The fair value of our financial instruments, using the fair value hierarchy under U.S. GAAP detailed in “Fair Value Measurements,” of Note 2, “Summary of Significant Accounting Policies and Recently Issued Accounting Standards,” are included in the table below.
December 31, 2013 |
Total Fair Value |
Level 1 | Level 2 | Level 3 | ||||||||||||
Cash equivalents |
$ | 491.9 | $ | — | $ | 491.9 | $ | — | ||||||||
Derivative financial instruments net liability: |
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Interest rate swaps |
$ | 1.0 | $ | — | $ | 1.0 | $ | — | ||||||||
Foreign currency forward contracts |
$ | 40.0 | $ | — | $ | 40.0 | $ | — | ||||||||
December 31, 2012 |
Total Fair Value |
Level 1 | Level 2 | Level 3 | ||||||||||||
Cash equivalents |
$ | 210.0 | $ | — | $ | 210.0 | $ | — | ||||||||
Derivative financial instruments net liability: |
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Foreign currency forward contracts |
$ | 25.0 | $ | — | $ | 25.0 | $ | — |