Citibank 2012 Annual Report Download - page 202

180
Level 3 Roll Forward
The reconciliations of the beginning and ending balances during the period for Level 3 assets are as follows:
In millions of dollars U.S. pension and postretirement benefit plans
Asset categories
Beginning Level 3
fair value at
Dec. 31, 2011
Realized
gains
(losses)
Unrealized
gains
(losses)
Purchases,
sales, and
issuances
Transfers in
and/or out of
Level 3
Ending Level 3
fair value at
Dec. 31, 2012
Equity securities
U.S. equity $ 51 $ — $ — $ — $ (51) $ —
Non-U.S. equity 19 — 8 — (27) —
Debt securities
U.S. corporate bonds 5 — 1 — (6) —
Non-U.S. government debt — (1) — 1 — —
Non-U.S. corporate bonds — — — — — —
Hedge funds 870 (28) 149 199 334 1,524
Annuity contracts 155 — 6 (31) — 130
Private equity 2,474 267 98 (484) 64 2,419
Other investments 121 — 14 12 (5) 142
Total investments $3,695 $ 238 $ 276 $(303) $ 309 $ 4,215
Other investment receivables 221 — — — (197) 24
Total assets $3,916 $ 238 $ 276 $(303) $ 112 $4,239
In millions of dollars U.S. pension and postretirement benefit plans
Asset categories
Beginning Level 3
fair value at
Dec. 31, 2010
Realized
gains
(losses)
Unrealized
gains
(losses)
Purchases,
sales, and
issuances
Transfers in
and/or out of
Level 3
Ending Level 3
fair value at
Dec. 31, 2011
Equity securities
U.S. equity $ — $ — $ — $ — $ 51 $ 51
Non-U.S. equity — — (1) — 20 19
Debt securities
U.S. corporate bonds 5 (2) (1) (1) 4 5
Non-U.S. corporate bonds 1 — — (1) — —
Hedge funds 1,014 42 (45) (131) (10) 870
Annuity contracts 187 — 3 (35) — 155
Private equity 2,920 89 94 (497) (132) 2,474
Other investments 4 — (6) — 123 121
Total investments $ 4,131 $ 129 $ 44 $(665) $ 56 $3,695
Other investment receivables — — — 221 — 221
Total assets $ 4,131 $ 129 $ 44 $(444) $ 56 $3,916
In millions of dollars Non-U.S. pension and postretirement benefit plans
Asset categories
Beginning Level 3
fair value at
Dec. 31, 2011
Realized
gains
(losses)
Unrealized
gains
(losses)
Purchases,
sales, and
issuances
Transfers in
and/or out of
Level 3
Ending Level 3
fair value at
Dec. 31, 2012
Equity securities
Non-U.S. equity $ 5 $ — $ — $ 43 $ — $ 48
Mutual funds 32 — — (10) (22) —
Debt securities
Non-U.S. government bonds 5 — — — (1) 4
Non-U.S. corporate bonds 3 (3) — 2 2 4
Hedge funds 12 — — — 4 16
Annuity contracts — — — 1 5 6
Other investments 240 7 14 (23) (19) 219
Total investments $ 297 $ 4 $ 14 $ 13 $ (31) $ 297
Cash and short-term investments — — — — 3 3
Total assets $ 297 $ 4 $ 14 $ 13 $ (28) $ 300