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TableofContents
Other.Primarilyglobally-diversified,risk-managedcommingledfundsconsistingmainlyofequity,fixedincomeandcommodityexposures.
ChangesinLevel3.ThefollowingtableshowsthechangesinourbenefitplanassetsclassifiedinLevel3:
(inmillions) PrivateEquity RealEstate HedgeFunds FixedIncome Other Total
BalanceatJanuary1,2014 $ 1,366 $ 688 $ 552 $ 59 $ — $ 2,665
Actualreturnonplanassets:
Relatedtoassetsstillheldatthereportingdate (116) (39) 167 (17) (9) (14)
Relatedtoassetssoldduringtheperiod 107 37 38 1 — 183
Purchases,salesandsettlements,net (144) (23) 1,457 81 393 1,764
BalanceatDecember31,2014 1,213 663 2,214 124 384 4,598
Actualreturnonplanassets:
Relatedtoassetsstillheldatthereportingdate (148) (50) 22 (22) (39) (237)
Relatedtoassetssoldduringtheperiod 247 69 33 9 1 359
Purchases,salesandsettlements,net (282) (47) 702 9 92 474
BalanceatDecember31,2015 $ 1,030 $ 635 $ 2,971 $ 120 $ 438 $ 5,194
Other
Wealsosponsordefinedbenefitpensionplansforeligibleemployeesincertainforeigncountries.Theseplansdidnothaveamaterialimpactonour
ConsolidatedFinancialStatementsinanyperiodpresented.
Profit Sharing Program
Ourbroad-basedemployeeprofitsharingprogramprovidesthat,foreachyearinwhichwehaveanannualpre-taxprofit,asdefinedbythetermsofthe
program,wewillpayaspecifiedportionofthatprofittoemployees.Indeterminingtheamountofprofitsharing,theprogramdefinesprofitaspre-taxprofit
adjustedforprofitsharingandcertainotheritems.Foryearspriorto2016,ourprofitsharingprogrampaid10%toemployeesforthefirst$2.5billionofannual
profitand20%ofannualprofitabove$2.5billion.FortheyearsendedDecember31,2015,2014and2013,werecordedexpensesof$1.5billion,$1.1billion
and$506millionundertheprofitsharingprogram,respectively.
DuringtheSeptember2015quarter,weannouncedcertainchangestoemployeecompensation.Beginningwith2016pre-taxprofit(tobepaidoutin2017),the
profitsharingformulawillbeadjustedtopay10%ofannualpre-taxprofit(asdefinedbythetermsoftheprogram)and,ifweexceedourprior-yearresults,the
programwillpay20%oftheyear-over-yearincreaseinpre-taxprofittoeligibleemployees.Theprofitsharingprogramforpilotsremainsunchangedandwill
continuein2016underitsterms.
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