AT&T Wireless 2014 Annual Report Download - page 71

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AT&T INC.
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69
Postretirement Assets and Liabilities at Fair Value as of December 31, 2014 Level 1 Level 2 Level 3 Total
Interest bearing cash $ 278 $1,198 $ — $ 1,476
Equity securities:
Domestic equities 1,606 — — 1,606
International equities 1,405 — — 1,405
Fixed income securities:
Asset-backed securities — 46 — 46
Collateralized mortgage-backed securities — 113 — 113
Collateralized mortgage obligations — 50 1 51
Corporate and other fixed income instruments and funds — 397 — 397
Government and municipal bonds — 614 1 615
Commingled funds — 1,960 1 1,961
Private equity assets — — 218 218
Real assets — — 96 96
Securities lending collateral — 173 — 173
Total plan net assets at fair value $3,289 $4,551 $317 $ 8,157
Other assets (liabilities)1 (311)
Total Plan Net Assets $7,846
1 Other assets (liabilities) include amounts receivable, accounts payable and net adjustment for securities lending payable.
The tables below set forth a summary of changes in the fair value of the Level 3 pension and postretirement assets for the
year ended December 31, 2014:
Fixed Private Real Estate
Income Equity and
Pension Assets Equities Funds Funds Real Assets Total
Balance at beginning of year $ — $ 547 $ 5,724 $ 5,194 $ 11,465
Realized gains (losses) — 41 696 806 1,543
Unrealized gains (losses) — (1) (76) (246) (323)
Transfers in — — — 22 22
Transfers out — (3) (22) — (25)
Purchases 1 55 531 678 1,265
Sales (1) (195) (1,454) (1,609) (3,259)
Balance at end of year $ — $ 444 $5,399 $4,845 $10,688
Fixed Private
Income Equity
Postretirement Assets Funds Funds Real Assets Total
Balance at beginning of year $ 26 $ 309 $ 111 $ 446
Realized gains (losses) — 45 (3) 42
Unrealized gains (losses) 1 (29) 11 (17)
Transfers out (1) — — (1)
Purchases — 6 — 6
Sales (23) (113) (23) (159)
Balance at end of year $ 3 $ 218 $ 96 $ 317