Frontier Communications 2013 Annual Report Download - page 100

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The following tables represent the Company’s pension plan assets measured at fair value on a recurring
basis as of December 31, 2013 and 2012:
($ in thousands) Total Level 1 Level 2 Level 3
Fair Value Measurements at December 31, 2013
Cash and Cash Equivalents ...................... $ 8,503 $ 8,503 $ — $ —
U.S. Government Obligations .................... 26,070 — 26,070 —
Corporate and Other Obligations . . . .............. 235,723 — 235,723 —
Common Stock . ................................ 120,801 120,801 — —
Commingled Funds.............................. 604,975 — 571,531 33,444
Interest in Registered Investment Companies ..... 80,221 80,221 — —
Interest in Limited Partnerships and Limited
Liability Corporations . . ....................... 129,276 — — 129,276
Insurance Contracts ............................. 629 — 629 —
Other. .......................................... 1,660 — 1,660 —
Total investments at fair value ................... $1,207,858 $209,525 $835,613 $162,720
Interest and Dividend Receivable . . .............. 2,832
Due from Broker for Securities Sold ............. 8,916
Receivable Associated with Insurance Contract . . . 7,044
Due to Broker for Securities Purchased .......... (10,125)
Total Plan Assets, at Fair Value . . . .............. $1,216,525
($ in thousands) Total Level 1 Level 2 Level 3
Fair Value Measurements at December 31, 2012
Cash and Cash Equivalents ...................... $ 42,391 $ — $ 42,391 $ —
U.S. Government Obligations .................... 14,166 — 14,166 —
Corporate and Other Obligations . . . .............. 246,024 — 246,024 —
Common Stock . ................................ 133,631 133,631 — —
Commingled Funds.............................. 612,707 — 572,893 39,814
Interest in Registered Investment Companies ..... 99,161 99,161 — —
Interest in Limited Partnerships and Limited
Liability Corporations . . ....................... 101,678 — — 101,678
Insurance Contracts ............................. 799 — 799 —
Other. .......................................... 96 — 96 —
Total investments at fair value ................... $1,250,653 $232,792 $876,369 $141,492
Interest and Dividend Receivable . . .............. 3,252
Due from Broker for Securities Sold ............. 3,788
Receivable Associated with Insurance Contract . . . 7,610
Due to Broker for Securities Purchased .......... (11,637)
Total Plan Assets, at Fair Value . . . .............. $1,253,666
The Company classified $8.5 million of cash equivalents as Level 1 assets at December 31, 2013 as these
investments were held in cash accounts in 2013. There have been no reclassifications of investments between
Levels 1, 2 or 3 assets during the years ended December 31, 2013 or 2012.
F-38
FRONTIER COMMUNICATIONS CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements