APS 2015 Annual Report Download - page 128
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Table of Contents
COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The fair value of Pinnacle West’s pension plan and other postretirement benefit plan assets at December 31, 2014, by asset
category, are as follows (dollars in thousands):
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Other (b)
Balance at December
31, 2014
Pension Plan:
Assets:
Cash and cash equivalents $ 387
$ —
$ —
$ —
$ 387
Fixed Income Securities:
Corporate —
1,162,096
—
—
1,162,096
U.S. Treasury 291,817
—
—
—
291,817
Other (a) —
113,265
—
—
113,265
Equities:
U.S. Companies 246,387
—
—
—
246,387
International Companies 18,069
—
—
—
18,069
Common and collective trusts:
U.S. Equities —
127,336
—
—
127,336
International Equities —
317,167
—
—
317,167
Real estate —
129,715
—
—
129,715
Partnerships —
138,337
27,929
—
166,266
Short-term investments and other —
26,016
—
16,883
42,899
Total Pension Plan $ 556,660
$ 2,013,932
$ 27,929
$ 16,883
$ 2,615,404
Other Benefits:
Assets:
Cash and cash equivalents $ 318
$ —
$ —
$ —
$ 318
Fixed Income Securities:
Corporate —
187,961
—
—
187,961
U.S. Treasury 130,967
—
—
—
130,967
Other (a) —
35,291
—
—
35,291
Equities:
U.S. Companies 265,106
—
—
—
265,106
International Companies 17,813
—
—
—
17,813
Common and collective trusts:
U.S. Equities —
88,258
—
—
88,258
International Equities —
85,746
—
—
85,746
Real Estate —
11,657
—
—
11,657
Short-term investments and other —
7,408
—
4,100
11,508
Total Other Benefits $ 414,204
$ 416,321
$ —
$ 4,100
$ 834,625
(a) This category consists primarily of debt securities issued by municipalities.
(b) Represents plan receivables and payables.
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