text: **REPUBLIC SERVICES, INC. AND SUBSIDIARIES**
  
  **NOTES TO CONSOLIDATED FINANCIAL STATEMENTS**
  **(All tables in millions, except per share data) Ì (Continued)**
  
  Hedging Activities'' (""SFAS 133''), as amended. (For further information, see Note 11, Fuel Hedge.) Of this 
  amount, $1.6 million, net of tax, representing the eÅective portion of the change in fair value was recorded to 
  other comprehensive income for the year ended December 31, 2002. 
  
  At December 31, 2004, the Company had $38.7 million of restricted marketable securities held as 
  Ñnancial guarantees. These securities consist of mutual funds invested in short-term investment grade 
  securities, including mortgage-backed securities and U.S. Government obligations. These securities are 
  available for sale and, as a result, are stated at fair value based on quoted market prices. During the years 
  ended December 31, 2004 and 2003, the Company recorded a $.1 million and ($.1) million unrealized 
  gain/(loss), net of tax, respectively, to other comprehensive income related to the change in fair value of these 
  securities. 