Citibank 2009 Annual Report Download - page 171

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Fair Value Disclosure
Plan assets by detailed asset categories and the fair value hierarchy are as follows:
In millions of dollars U.S. pension and postretirement benefit plans (1)
Fair value measurement at December 31, 2009
Asset categories Level 1 Level 2 Level 3 Total
Equity securities
U.S. equity $ 531 $ — $ 1 $ 532
Non-U.S. equity 310 — 1 311
Mutual funds 199 — — 199
Debt securities
U.S. treasuries 1,263 — — 1,263
U.S. agency — 124 — 124
U.S. corporate bonds — 809 1 810
Non-U.S. government debt — 350 — 350
Non-U.S. corporate bonds — 218 — 218
State and municipal debt — 41 — 41
Hedge funds — 1,398 1,235 2,633
Asset backed securities — 33 — 33
Mortgage backed securities — 33 — 33
Annuity contracts — — 215 215
Private equity — — 2,539 2,539
Other investments (2) (14) 18 148 152
Real estate 9 — — 9
Total investments $2,298 $3,024 $4,140 $ 9,462
Cash and cash equivalents $ 108 $ 478 $ — $ 586
Total assets $2,406 $3,502 $4,140 $10,048
(1) The investments of the U.S. pension and postretirement benefit plans are commingled in a trust. At December 31, 2009, the allocable interests of the U.S. pension and postretirement benefit plans were 98.9% and
1.1%, respectively.
(2) Other investments classified as Level 1 include futures carried at fair value.
In millions of dollars Non-U.S. pension and postretirement benefit plans (1)
Fair value measurement at December 31, 2009
Asset categories Level 1 Level 2 Level 3 Total
Equity securities
U.S. equity $ — $ 19 $ — $ 19
Non-U.S. equity 323 422 — 745
Mutual funds 922 2,035 — 2,957
Debt securities
U.S. Treasuries — 19 — 19
Non-U.S. government debt 1 1,159 — 1,160
Non-U.S. corporate bonds — 292 87 379
State and municipal debt — 13 — 13
Hedge funds — — 13 13
Real estate — — 14 14
Total investments $1,246 $3,959 $114 $5,319
Cash and cash equivalents $ 30 $ 16 $ — $ 46
Total assets $1,276 $ 3,975 $114 $5,365
(1) The assets of the non-U.S. plans include assets of the top five countries, which make up 82% of all non-U.S. plan assets at December 31, 2009.