SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Items Measured at Fair Value on Recurring Basis) (Detail)
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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Items Measured at Fair Value on Recurring Basis) (Detail) (Fair Value, Measurements, Recurring, USD $) In Millions, unless otherwise specified
We maintain deferred compensation plans that allow for certain management employees to defer the receipt of compensation (such as salary, incentive compensation and commissions) until a later date based on the terms of the plan. The liability representing benefits accrued for plan participants is valued at the quoted market prices of the participants’ investment elections. The asset consists of mutual funds reflective of the partcipants’ investment selections and is valued at daily quoted market prices.
This element represents the aggregate of the assets and liability reported on the balance sheet at period end measured at fair value on a recurring basis by the entity. This element is intended to be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements.