BORGWARNER INC | 2013 | FY | 3


 
 
 
Basis of fair value measurements
 
 
 
Balance at December 31, 2013
 
Quoted prices in active markets for identical items
(Level 1)
 
Significant other observable inputs
(Level 2)
 
Significant unobservable inputs
(Level 3)
 
Valuation technique
(millions of dollars)
 
 
 
 
Assets:
 

 
 

 
 

 
 

 
 
Foreign currency contracts
$
3.4

 
$

 
$
3.4

 
$

 
A
Other non-current assets (insurance settlement agreement note receivable)
$
35.6

 
$

 
$
35.6

 
$

 
C
Liabilities:
 

 
 

 
 

 
 

 
 
Foreign currency contracts
$
7.4

 
$

 
$
7.4

 
$

 
A
Net investment hedge contracts
$
24.3

 
$

 
$
24.3

 
$

 
A

 
 
 
Basis of fair value measurements
 
 
(millions of dollars)
Balance at December 31, 2012
 
Quoted prices in active markets for identical items
(Level 1)
 
Significant other observable inputs
(Level 2)
 
Significant unobservable inputs
(Level 3)
 
Valuation technique
Assets:
 

 
 

 
 

 
 

 
 
Foreign currency contracts
$
5.9

 
$

 
$
5.9

 
$

 
A
Other non-current assets (insurance settlement agreement note receivable)
$
41.0

 
$

 
$
41.0

 
$

 
C
Liabilities:


 
 

 


 
 

 
 
Foreign currency contracts
$
9.8

 
$

 
$
9.8

 
$

 
A
Net investment hedge contracts
$
58.1

 
$

 
$
58.1

 
$

 
A

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