PRECISION CASTPARTS CORP | 2013 | FY | 3

The following table presents the assets and liabilities measured at fair value on a recurring basis as of March 31, 2013:
 
 
Fair Value Measurements Using
 
 
  
Level 1    
 
Level 2    
 
Level 3    
 
Assets/Liabilities
at Fair Value
Assets:
 
 
 
 
 
 
 
Trading securities
$
19.4

 
$
—

 
$
—

 
$
19.4

Available for sale securities
$
110.8

 
$
—

 
$
—

 
$
110.8

Derivative instruments
$
—

 
$
1.5

 
$
—

 
$
1.5

Liabilities:
 
 
 
 
 
 
 
Derivative instruments
$
—

 
$
4.5

 
$
—

 
$
4.5

 
 
 
 
 
 
 
 


The following table presents the assets and liabilities measured at fair value on a recurring basis as of April 1, 2012:
 
 
Fair Value Measurements Using
 
 
  
Level 1    
 
Level 2    
 
Level 3    
 
Assets/Liabilities
at Fair Value
Assets:
 
 
 
 
 
 
 
Trading securities
$
74.5

 
$
—

 
$
—

 
$
74.5

Derivative instruments
$
—

 
$
4.1

 
$
—

 
$
4.1

Liabilities:
 
 
 
 
 
 
 
Derivative instruments
$
—

 
$
1.9

 
$
—

 
$
1.9

 
 
 
 
 
 
 
 

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