jvidÊÓƵ

Quarterly report pursuant to Section 13 or 15(d)

Assets And Liabilities Measured At Fair Value (Tables)

v3.8.0.1
Assets And Liabilities Measured At Fair Value (Tables)
3 Months Ended
Mar. 31, 2018
Assets and Liabilities Measured at Fair Value Ìý
Assets and Liabilities Measured at Fair Value

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

FairÌýValueÌýMeasurementsÌýat

Ìý

FairÌýValueÌýMeasurementsÌýat

Ìý

Ìý

Ìý

March 31, 2018

Ìý

December 31, 2017

Ìý

Ìý

ÌýÌýÌýÌý

Ìý

Ìý

ÌýÌýÌýÌý

Quoted

ÌýÌýÌýÌý

Ìý

ÌýÌýÌýÌý

Ìý

ÌýÌýÌýÌý

Quoted

ÌýÌýÌýÌý

Ìý

ÌýÌý

Ìý

Ìý

Ìý

Ìý

Ìý

prices

Ìý

Ìý

Ìý

Ìý

Ìý

prices

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

inÌýactive

Ìý

Significant

Ìý

Ìý

Ìý

inÌýactive

Ìý

Significant

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

markets

Ìý

other

Ìý

Ìý

Ìý

markets

Ìý

other

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

forÌýidentical

Ìý

observable

Ìý

Ìý

Ìý

forÌýidentical

Ìý

observable

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

assets

Ìý

inputs

Ìý

Ìý

Ìý

assets

Ìý

inputs

Ìý

Description

Ìý

Total

Ìý

(LevelÌý1)

Ìý

(LevelÌý2)

Ìý

Total

Ìý

(LevelÌý1)

Ìý

(LevelÌý2)

Ìý

Ìý

Ìý

amountsÌýinÌýmillions

Ìý

Cash equivalents

Ìý

$

824

Ìý

824

Ìý

Ìý—

Ìý

804

Ìý

804

Ìý

Ìý—

Ìý

Debt and equity securities

Ìý

$

1,502

Ìý

471

Ìý

1,031

Ìý

1,047

Ìý

467

Ìý

580

Ìý

Financial instrument assets

Ìý

$

416

Ìý

21

Ìý

395

Ìý

369

Ìý

19

Ìý

350

Ìý

Debt

Ìý

$

2,482

Ìý

Ìý—

Ìý

2,482

Ìý

2,115

Ìý

Ìý—

Ìý

2,115

Ìý

Ìý

Realized and Unrealized Gains (Losses) on Financial Instruments

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Ìý

Three months endedÌý

Ìý

Ìý

Ìý

March 31,

Ìý

Ìý

ÌýÌýÌýÌý

2018

ÌýÌýÌýÌý

2017

Ìý

Ìý

Ìý

amountsÌýinÌýmillions

Ìý

Debt and equity securities

Ìý

$

74

Ìý

30

Ìý

Debt measured at fair value (a)

Ìý

Ìý

30

Ìý

(116)

Ìý

Change in fair value of bond hedges (b)

Ìý

Ìý

20

Ìý

78

Ìý

Other derivatives

Ìý

Ìý

29

Ìý

(4)

Ìý

Ìý

Ìý

$

153

Ìý

(12)

Ìý


(a)

Changes in unrealized gains (losses) on debt measured at fair value are due to market factors primarily driven by changes in the fair value of the underlying shares into which the debt is exchangeable.

(b)

Contemporaneously with the issuance of Liberty’s 1.375% Cash Convertible Notes due 2023, Liberty entered into privately negotiated cash convertible note hedges, which are expected to offset potential cash payments Liberty would be required to make in excess of the principal amount of Liberty’s 1.375% Cash Convertible Notes due 2023, upon conversion of the notes. The bond hedges are marked to market based on the trading price of underlying Series A Liberty SiriusXM, Liberty Braves and Liberty Formula One securities and other observable market data as the significant inputs (Level 2). See note 11 for additional discussion of the bond hedges.