SEALED AIR CORP/DE | 2013 | FY | 3


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:

           

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:

           

Foreign currency forward contracts

   $ 25.0       $ —         $ 25.0       $ —     

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