Avon 2011 Annual Report Download - page 90

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Plan Assets
Our U.S. and non-U.S. funded pension and postretirement plans target and weighted-average asset allocations at December 31, 2011 and
2010, by asset category were as follows:
U.S. Pension Plan Non-U.S. Pension Plans U.S. Postretirement Plan
% of Plan Assets % of Plan Assets % of Plan Assets
Target at Year End Target at Year End Target at Year End
Asset Category 2012 2011 2010 2012 2011 2010 2012 2011 2010
Equity securities 55-60% 57% 55% 55-65% 61% 61% 50% 47% –%
Debt securities 35-40 35 37 30-40 32 33 50 53 100
Real Estate – – – – 3 2 – – –
Other 0-10 8 8 0-10 4 4 – – –
Total 100% 100% 100% 100% 100% 100% 100% 100% 100%
The following tables present the fair value hierarchy for pension and postretirement assets measured at fair value on a recurring basis as of
December 31, 2011:
U.S. Pension and Postretirement Plans
Asset Category Level 1 Level 2 Total
Equity Securities:
Domestic equity $ – $193.3 $193.3
International equity – 64.4 64.4
Emerging markets – 42.7 42.7
– 300.4 300.4
Fixed Income Securities:
Corporate bonds – 180.7 180.7
Government securities – 53.3 53.3
– 234.0 234.0
Cash 1.6 – 1.6
Total $ 1.6 $534.4 $536.0
Non-U.S. Pension Plans
Asset Category Level 1 Level 2 Level 3 Total
Equity Securities:
Domestic equity $ 14.7 $104.4 $ – $119.1
International equity – 206.2 – 206.2
14.7 310.6 – 325.3
Fixed Income Securities:
Corporate bonds – 64.3 – 64.3
Government securities – 103.4 – 103.4
Other – 7.9 – 7.9
– 175.6 – 175.6
Other:
Cash 19.6 – – 19.6
Real estate – – 14.6 14.6
Other – – 1.3 1.3
19.6 – 15.9 35.5
Total $ 34.3 $486.2 $15.9 $536.4