AbbVie 2012 Annual Report Download - page 91
Download and view the complete annual report
Please find page 91 of the 2012 AbbVie annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
 |
 |
Weighted-Average Assumptions Used in Determining Net Periodic Benefit Cost
2012 2011 2010
Discount rate 5.1% 5.0% 5.4%
Expected long-term rate of return on plan assets 8.5% 8.5% 8.5%
Expected rate of change in compensation 4.2% 4.1% 3.7%
Pension Plan Assets
Basis of fair value measurement
Quoted prices in Significant other Significant
Balance at active markets for observable unobservable
December 31, identical assets inputs inputs
(in millions) 2012 (Level 1) (Level 2) (Level 3)
Equities
U.S. large cap(a) $232 $232 $ — $—
U.S. mid cap(b) 45 31 14 —
International(c) 276 234 42 —
Fixed income securities
U.S. government securities(d) 73 24 49 —
Corporate debt instruments(e) 109 93 16 —
Government Securities International 26 26 ——
Other 2 1 1 —
Absolute return funds(f) 90 22 37 31
Real assets 18 9 7 2
Other(g) 27 27 ——
Fair value of plan assets $898 $699 $166 $33
Basis of fair value measurement
Quoted prices in Significant other Significant
Balance at active markets for observable unobservable
December 31, identical assets inputs inputs
(in millions) 2011 (Level 1) (Level 2) (Level 3)
Equities
U.S. large cap(a) $ 54 $53 $ 1 $—
U.S. mid cap(b) 17 5 12 —
International(c) 27 2 25 —
Fixed income securities
U.S. government securities(d) 35 16 19 —
Corporate debt instruments(e) 14 3 11 —
Other 2 2 ——
Absolute return funds(f) 71 12 32 27
Other(g) 10 2 8 —
Fair value of plan assets $230 $95 $108 $27
(a) A mix of index funds that track the S&P 500 (50 percent in 2012 and 45 percent in 2011) and
separate actively managed equity accounts that are benchmarked to the Russell 1000 (50 percent in
2012 and 55 percent in 2011).
(b) A mix of index funds (75 percent) and separate actively managed equity accounts (25 percent) that
track or are benchmarked to the S&P 400 midcap index.
85