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Investments | 3 Months Ended
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Mar. 30, 2013
Investments [Abstract] |
Investments | Note 11 – Investments Investments in Marketable Securities The Company invests a portion of its cash reserves in marketable debt securities. These investments, which have an original maturity of up to two years, are reported in either Short-term or Long-term investments in marketable securities on the Condensed Consolidated Balance Sheets. Furthermore, the debt securities have readily determinable market values and are being accounted for as available-for-sale investments. These investments are recorded at fair market value with unrealized gains and losses reflected in Accumulated other comprehensive loss, a component of Shareholders’ equity on the Company’s Condensed Consolidated Balance Sheets, on an after-tax basis. The following is a summary of the Company’s available-for-sale securities as of March 30, 2013:
(in millions) | Amortized cost |  | Gross unrealized gains |  | Gross unrealized losses |  | Fair value (net carrying amount)
Agency Bonds | $ | 35.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 35.5 |
Corporate Bonds | 26.9 |  |  | — |  |  | — |  |  | 26.9 |
U.S. Treasury Bills | 0.8 |  |  | — |  |  | — |  |  | 0.8 |
Total available-for-sale securities | $ | 63.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 63.2 |
The following is a summary of the Company’s available-for-sale securities as of December 31, 2012:
(in millions) | Amortized cost |  | Gross unrealized gains |  | Gross unrealized losses |  | Fair value (net carrying amount)
Agency Bonds | $ | 59.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 59.2 |
Corporate Bonds | 66.4 |  |  | — |  |  | — |  |  | 66.4 |
Commercial Paper | 16.0 |  |  | — |  |  | — |  |  | 16.0 |
Certificate of Deposit | 2.0 |  |  | — |  |  | — |  |  | 2.0 |
U.S. Treasury Bills | 0.8 |  |  | — |  |  | — |  |  | 0.8 |
Total available-for-sale securities | $ | 144.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 144.4 |
The net carrying value and estimated fair value of debt securities at March 30, 2013, by contractual maturity, are shown below:
(in millions) | Amortized cost |  | Fair value (net carrying amount)
Available-for-sale debt securities: |  |  |
Due in one year or less | $ | 34.7 |  |  | $ | 34.7 |
Due after one year through two years | 28.5 |  |  | 28.5 |
Total available-for-sale debt securities | $ | 63.2 |  |  | $ | 63.2 |
The net carrying value and estimated fair value of debt securities at December 31, 2012, by contractual maturity, are shown below:
(in millions) | Amortized cost |  | Fair value (net carrying amount)
Available-for-sale debt securities: |  |  |
Due in one year or less | $ | 92.3 |  |  | $ | 92.3 |
Due after one year through two years | 52.1 |  |  | 52.1 |
Total available-for-sale debt securities | $ | 144.4 |  |  | $ | 144.4 |
The Company had $80.6 million in redemptions of available-for-sale securities during the three months ended March 30, 2013. The Company had $52.0 million in sales and $57.5 million in redemptions of available-for-sale securities during the three months ended March 31, 2012. The net adjustment to Unrealized investment losses on available-for-sale securities included in Accumulated other comprehensive loss on the Condensed Consolidated Balance Sheets was $0.0 million at March 30, 2013. The net adjustment to Unrealized investment losses on available-for-sale securities included in Accumulated other comprehensive loss on the Condensed Consolidated Balance Sheets was $(0.1) million at March 31, 2012. At each reporting date, management reviews the debt securities to determine if any loss in the value of a security below its amortized cost should be considered “other-than-temporary.” For the evaluation, management determines whether it intends to sell or if it is more likely than not that it will be required to sell the securities. This determination considers current and forecasted liquidity requirements, regulatory and capital requirements and the strategy for managing the Company’s securities portfolio. For all impaired debt securities for which there was no intent or expected requirement to sell, the evaluation considers all available evidence to assess whether it is likely the amortized cost value will be recovered. The Company also considers the nature of the securities, the credit rating or financial condition of the issuer, the extent and duration of the unrealized loss, market conditions and whether the Company intends to sell or whether it is more likely than not the Company will be required to sell the debt securities. As of March 30, 2013, there were no unrealized losses related to debt securities that required management evaluation. Equity Investments The Company has certain unconsolidated international and domestic affiliates that are accounted for using the equity method. Refer to Note 13 – Financial Services for more details on the Company’s Brunswick Acceptance Company, LLC joint venture. Refer to Note 8 to the consolidated financial statements in the 2012 Form 10-K for further detail relating to the Company's investments.

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- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27405-111563 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6379141&loc=d3e15032-111544 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 115 -Paragraph 3, 19, 20, 21, 22, 137 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Equity Security -URI http://asc.fasb.org/extlink&oid=6511694 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -Glossary Debt Security -URI http://asc.fasb.org/extlink&oid=6509901 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27232-111563 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27161-111563 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563 + Details
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