ComEd 2013 Annual Report Download - page 218

At December 31, 2012 (a) Level 1 Level 2 Level 3 Total
Pension plan assets
Cash equivalents ................................................................... $ 1$— $— $ 1
Equitysecurities:
Individuallyheld ................................................................ 2,562——2,562
Commingledfunds .............................................................. — 1,111 —1,111
Mutual funds ................................................................... 323 —— 323
Equitysecuritiessubtotal ............................................................ 2,885 1,111 —3,996
Fixedincomesecurities:
Debtsecurities issuedbytheU.S. Treasuryandother U.S. government corporationsand
agencies .................................................................... 1,037— — 1,037
Debtsecurities issuedbystatesoftheUnitedStatesandbypolitical subdivisionsofthe
states....................................................................... —108— 108
Foreigndebtsecurities .......................................................... — 252—252
Corporate debtsecurities ........................................................ — 3,330 —3,330
Federal agency mortgage-backedsecurities......................................... — 117— 117
Non-Federal agency mortgage-backedsecurities .................................... — 28— 28
Commingledfunds .............................................................. — 274 — 274
Mutual funds ................................................................... 4 291—295
Derivativeinstruments(b):
Assets .................................................................... — 9 — 9
Liabilities .................................................................. — (21)— (21)
Fixedincomesecuritiessubtotal ...................................................... 1,0414,388 — 5,429
Private equity ...................................................................... — — 754 754
Hedgefunds....................................................................... — 1,0801,2352,315
Real estate:
Individuallyheld ................................................................ 280—— 280
Commingledfunds .............................................................. — 75 — 75
Real estate funds ............................................................... — — 426426
Real estate subtotal ................................................................. 28075 426781
Pension plan assets subtotal ........................................................... 4,207 6,654 2,41513,276
Other postretirement benefit plan assets
Cash equivalents ................................................................... 44 — — 44
Equitysecurities:
Individuallyheld ................................................................ 198 — — 198
Commingledfunds .............................................................. — 530 —530
Mutual funds ................................................................... 230 —— 230
Equitysecuritiessubtotal ............................................................ 428530 — 958
Fixedincomesecurities:
Debtsecurities issuedbytheU.S. Treasuryandother U.S. government corporationsand
agencies .................................................................... 18— — 18
Debtsecurities issuedbystatesoftheUnitedStatesandbypolitical subdivisionsofthe
states....................................................................... —125— 125
Foreigndebtsecurities .......................................................... — 3—3
Corporate debtsecurities ........................................................ — 50—50
Federal agency mortgage-backedsecurities......................................... — 52—52
Non-Federal agency mortgage-backedsecurities .................................... — 6 — 6
Commingledfunds .............................................................. — 271—271
Mutual funds ................................................................... 295 2—297
Fixedincomesecuritiessubtotal ...................................................... 313 509— 822
Private equity ...................................................................... — — 11
Hedgefunds....................................................................... — 188 12 200
Real estate:
Individuallyheld ................................................................ 7 — — 7
Commingledfunds .............................................................. — 2—2
Real estate funds ............................................................... — 6 95 101
Real estate subtotal ................................................................. 7 8 95 110
Other postretirement benefit plan assets subtotal ......................................... 7921,2351082,135
Total pension and other postretirement benefit plan assets (c) .............................. $ 4,999 $ 7,889 $ 2,523 $15,411
(a)See Note 11—FairValue ofAssetsandLiabilitiesfor a description oflevelswithinthefairvalue hierarchy.
(b) Derivativeinstrumentshave a total notional amount of$2,651million and$2,498 million at December 31,2013 and2012,respectively. The notional principal
amountsfor theseinstrumentsprovide one measure ofthe transaction volume outstandingasofthefiscal yearsendedanddo not represent theamount ofthe
company’s exposure to creditormarket loss.
(c) Excludesnet assetsof$43million and$81million at December 31,2013 and2012,respectively, which are requiredto reconcile to thefairvalue ofnet plan assets.
Theseitems consistprimarilyofreceivablesrelatedto pendingsecuritiessales, interestand dividends receivable,andpayablesrelatedto pendingsecurities
purchases.
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