Frontier Communications 2014 Annual Report Download - page 102

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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, 2014 and 2013:
($ in thousands) Total Level 1 Level 2 Level 3
Fair Value Measurements at December 31, 2014
Cash and Cash Equivalents. . . . . . . . . . . . . $ 32,152 $ 32,152 $ — $ —
U.S. Government Obligations . . . . . . . . . . . 31,632 — 31,632 —
Corporate and Other Obligations . . . . . . . . 283,234 — 283,234 —
Common Stock. . . . . . . . . . . . . . . . . . . . . . . . . 170,312 170,312 — —
Common/Collective Trusts . . . . . . . . . . . . . . 958,915 — 958,915 —
Interest in Registered Investment
Companies. . . . . . . . . . . . . . . . . . . . . . . . . . . 65,590 65,590 — —
Interest in Limited Partnerships and
Limited Liability Corporations. . . . . . . . . . 103,196 — — 103,196
Insurance Contracts . . . . . . . . . . . . . . . . . . . . 519 — 519 —
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,297 — 2,297 —
Total investments at fair value . . . . . . . . . . $1,647,847 $268,054 $1,276,597 $103,196
Receivable for plan assets of the
Connecticut operations . . . . . . . . . . . . . . . 34,267
Receivable for earnings on plan assets
of the Connecticut operations . . . . . . . . . 366
Interest and Dividend Receivable. . . . . . . . 3,893
Due from Broker for Securities Sold . . . . . 31,703
Receivable Associated with Insurance
Contract . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,715
Due to Broker for Securities Purchased . (53,084)
Total Plan Assets, at Fair Value . . . . . . . . $1,672,707
($ 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
There have been no reclassifications of investments between Levels 1, 2 or 3 assets during the
years ended December 31, 2014 or 2013.
F-41
FRONTIER COMMUNICATIONS CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements