(Stated in millions)
US Plan Assets
2012
2011
Total
Level
One
Level
Two
Level
Three Total
Level
One
Level
Two
Level
Three
Asset Category:
Cash and Cash Equivalents
$ 56 $ 5 $ 51 $ –
$ 147 $ 39 $ 108 $ –
Equity Securities:
US
(a)
868 502 366
806
471
335
International
(b)
513 406 107
453
369
84
Debt Securities:
Corporate bonds
(c)
495
495
340
340
Government and government-related debt securities
(d)
638 157 481
545
146
399
Government agency collateralized mortgage obligations and
mortgage backed securities
(e)
88
88
96
96
Other collateralized mortgage obligations and mortgage-backed
securities
(f)
11
11
58
58
Alternative Investments:
Private equity
(g)
185
185
160
160
Real estate
(h)
56
56
50
50
Total
$2,910 $1,070 $1,599 $241
$2,655 $1,025 $1,420 $210
(Stated in millions)
International Plan Assets
2012
2011
Total
Level
One
Level
Two
Level
Three Total
Level
One
Level
Two
Level
Three
Asset Catergory:
Cash and Cash Equivalents
$ 168 $ 157 $ 11 $ –
$ 152 $ 152 $ – $ –
Equity Securities:
US
(a)
1,583 1,152 431
1,170 1,018
152
International
(b)
1,258 765 493
937
651
286
Debt Securities:
Corporate bonds
(c)
540
540
399
399
Government and government-related debt securities
(d)
976
976
808
808
Government agency collateralized mortgage obligations and
mortgage backed securities
(e)
196
196
268
268
Other collateralized mortgage obligations and mortgage-backed
securities
(f)
93
93
93
93
Alternative Investments:
Private equity
(g)
128
128
150
150
Real estate
(h)
55
55
62
62
Other
123
123
58
58
Total
$5,120 $2,074 $2,740 $306
$4,097 $1,821 $2,006 $270
(a) US equities include companies that are well diversified by industry sector and equity style (i.e., growth and value strategies). Active and passive
management strategies are employed. Investments are primarily in large capitalization stocks and, to a lesser extent, mid- and small-cap stocks.
(b) International equities are invested in companies that are traded on exchanges outside the US and are well diversified by industry sector,
country and equity style. Active and passive strategies are employed. The vast majority of the investments are made in companies in developed
markets with a small percentage in emerging markets.
(c) Corporate bonds consist primarily of investment grade bonds from diversified industries.
(d) Government and government-related debt securities are comprised primarily of inflation protected US treasuries and, to a lesser extent, other
government-related securities.
(e) Government agency collateralized mortgage obligations and mortgage backed-securities are debt obligations that represent claims to the cash
flows from pools of mortgage loans which are purchased from banks, mortgage companies, and other originators and then assembled into pools
by governmental and quasi-governmental entities.
(f) Other collateralized mortgage obligations and mortgage-backed securities are debt obligations that represent claims to the cash flows from
pools of mortgage loans which are purchased from banks, mortgage companies, and other originators and then assembled into pools by private
entities.
(g) Private equity includes investments in several fund of funds limited partnerships.
(h) Real estate primarily includes investments in real estate limited partnerships, concentrated in commercial real estate.
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