Citibank 2015 Annual Report Download - page 189

171
Level 3 Rollforward
The reconciliations of the beginning and ending balances during the year 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, 2014 (1)
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, 2015
Annuity contracts $ 59 $— $ (4) $(28) $— $ 27
Other investments 161 (1) (9) (4) — 147
Total investments $ 220 $ (1) $(13) $(32) $— $ 174
(1) Beginning balance was adjusted to exclude $2,496 million of investments valued at NAV.
In millions of dollars U.S. pension and postretirement benefit plans
Asset categories
Beginning Level 3
fair value at
Dec. 31, 2013 (1)
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, 2014
Annuity contracts $ 91 $— $(1) $(31) $— $ 59
Other investments 150 (1) (4) 16 — 161
Total investments $ 241 $ (1) $(5) $(15) $— $ 220
(1) Beginning balance was adjusted to exclude $3,284 million of investments valued at NAV.
In millions of dollars Non-U.S. pension and postretirement benefit plans
Asset categories
Beginning Level 3
fair value at
Dec. 31, 2014 (1)
Unrealized
gains
(losses)
Purchases,
sales, and
issuances
Transfers in
and/or out of
Level 3
Ending Level 3
fair value at
Dec. 31, 2015
Equity securities
Non-U.S. equity $ 48 $ (1) $— $— $ 47
Debt securities
Non-U.S. government debt 1 — (1) — —
Non-U.S. corporate bonds 5 (1) 1 — 5
Real estate — — — 1 1
Annuity contracts 32 2 4 3 41
Other investments 165 (2) 2 (2) 163
Total investments $ 251 $ (2) $ 6 $ 2 $ 257
(1) Beginning balance was adjusted to exclude $5 million of investments valued at NAV.
In millions of dollars Non-U.S. pension and postretirement benefit plans
Asset categories
Beginning Level 3
fair value at
Dec. 31, 2013 (1)
Unrealized
gains
(losses)
Purchases,
sales, and
issuances
Transfers in
and/or out of
Level 3
Ending Level 3
fair value at
Dec. 31, 2014
Equity securities
Non-U.S. equity $ 49 $ (3) $ — $ 2 $ 48
Debt securities
Non-U.S. government bonds — — — 1 1
Non-U.S. corporate bonds 5 — 1 (1) 5
Annuity contracts 32 — — — 32
Other investments 202 — (37) — 165
Total investments $ 288 $ (3) $(36) $ 2 $ 251
(1) Beginning balance was adjusted to exclude $11 million of investments valued at NAV.