DIRECTV 2011 Annual Report Download - page 110

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DIRECTV
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(continued)
The fair value measurements of the plan assets as of December 31, 2010 were There were no shares of our common stock included in plan assets as of
as follows: December 31, 2011 and 2010.
The fair value measurement of plan assets using significant unobservable inputs
Fair Value Measurements as of Balance at December 31, 2010
(Level 3) changed during 2010 and 2011 due to the following:
Quoted Prices
in Active Percentage of
Markets for Significant Significant Plan Assets Partnerships and Joint
Identical Observable Unobservable as of Venture Interests
Assets Inputs Inputs December 31, (Dollars in Millions)
Total (Level 1) (Level 2) (Level 3) 2011
Balance as of January 1, 2010 .................... $21
(Dollars in millions)
Unrealized gains ............................. 4
Asset Category
Purchases and sales ........................... 3
Common collective trusts
Cash .............. $ 1 $ 1 $ — $— —% Balance as of December 31, 2010 .................. 28
Equity securities: Realized losses .............................. (1)
U.S. large-cap ....... 125 — 125 — 29% Unrealized gains ............................. 5
U.S. mid-cap growth . . 34 — 34 — 8% Purchases and sales ........................... (2)
International large-cap Balance at December 31, 2011 .................... $30
value ........... 60 — 60 — 14%
Domestic real estate . . . 20 — 20— 5%
Fixed income ......... 159 — 159 — 37% Cash Flows
Partnership and joint venture —
Contributions
interests ............ 28 — — 28 7%
Insurance contracts at We expect to contribute approximately $15 million to our qualified pension
contract value ........ 2 — 2 — —% plans and make payments of $6 million to our nonqualified pension plan
Total ................ $429 $ 1 $400 $28 100% participants in 2012.
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