Avon 2013 Annual Report Download - page 109

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Plan Assets
Our U.S. and non-U.S. funded pension plans target and weighted-average asset allocations at December 31, 2013 and 2012, by asset
category were as follows:
U.S. Pension Plan Non-U.S. Pension Plans
% of Plan Assets % of Plan Assets
Target at Year End Target at Year End
Asset Category 2014 2013 2012 2014 2013 2012
Equity securities 30-35% 58% 58% 55-65% 63% 60%
Debt securities 65-70 42 42 30-40 35 33
Real Estate – – – – – 2
Other – – – 0-10 2 5
Total 100% 100% 100% 100% 100% 100%
The following tables present the fair value hierarchy for pension assets measured at fair value on a recurring basis as of December 31, 2013:
U.S. Pension Plans
Asset Category Level 1 Level 2 Total
Equity Securities:
Domestic equity $ – $186.7 $186.7
International equity – 75.4 75.4
Emerging markets – 43.4 43.4
– 305.5 305.5
Fixed Income Securities:
Corporate bonds – 154.0 154.0
Government securities – 70.7 70.7
– 224.7 224.7
Cash .9 – .9
Total $ .9 $530.2 $531.1
Non-U.S. Pension Plans
Asset Category Level 1 Level 2 Level 3 Total
Equity Securities:
Domestic equity $ – $ 97.8 $ – $ 97.8
International equity – 354.8 – 354.8
– 452.6 – 452.6
Fixed Income Securities:
Corporate bonds – 100.8 – 100.8
Government securities – 137.1 – 137.1
Other – 11.0 – 11.0
– 248.9 – 248.9
Other:
Cash 11.2 – – 11.2
Real estate – – 1.2 1.2
Other – – 1.1 1.1
11.2 – 2.3 13.5
Total $ 11.2 $701.5 $ 2.3 $715.0
A V O N 2013 F-39