General Dynamics 2010 Annual Report Download - page 78
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Please find page 78 of the 2010 General Dynamics annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Thefair valueofour pensionplanassets by investmentcategory and thecorresponding levelwithin thefair valuehierarchy wereasfollows:
General Dynamics Annual Report • 201058
Thefair valueofour otherpost-retirementplan assets by category and thecorresponding levelwithin thefair valuehierarchy wereasfollows:
December31, 2009
Cash$14 $ 14 $ – $–
Equity securities
U.S. companies (a)2,453 2,453 ––
International companies 221221– –
Private equity investments 2 –– 2
Fixed-income securities
Treasury securities 352 352 ––
Corporate bonds(b)873–873–
Asset-backedsecurities 45–45–
Commingled funds
Equity funds1,225 385 840–
Money market funds 256 –256 –
Fixed-incomefunds117 – 117 –
Real estate funds22––22
Commodity funds7–7–
Other investments
Insurancedepositagreements 86 ––86
Total pension plan assets $5,673$3,425 $2,138 $110
Fair
Value
Quoted Prices
in Active
Markets for
Identical Assets
(Level1)
Significant
Other
Observable
Inputs
(Level2)
Significant
Unobservable
Inputs
(Level3)
Fair
Value
Quoted Prices
in Active
Markets for
Identical Assets
(Level1)
Significant
Other
Observable
Inputs
(Level2)
Significant
Unobservable
Inputs
(Level3)
December31,2010
$67$67$– $–
1,389 1,389 ––
178178––
5––5
136 136 ––
1,201–1,201–
127–127–
2,466 173 2,293 –
404–404–
147 – 147 –
26 ––26
8–8–
96 ––96
$6,250 $1,943$4,180 $127
(a)Nosingleequityholding comprises morethan 2percentofthetotal fair value.
(b)Our corporate bond investments havean averagerating ofAA-onDecember31, 2009, and A+onDecember31,2010.
Asset Category
December31, 2009
Cash$28 $28 $– $–
Equity securities 195 195 ––
Fixed-income securities 23 122 –
Commingled funds
Money market funds71 – 71 –
Equityfunds42384–
Fixed-incomefunds11 – 11 –
Other investments
Insurancedepositagreements 8 –– 8
Total otherpost-retirementplan assets $378$262 $108 $8
Fair
Value
Quoted Prices
in Active
Markets for
Identical Assets
(Level1)
Significant
Other
Observable
Inputs
(Level2)
Significant
Unobservable
Inputs
(Level3)
Fair
Value
Quoted Prices
in Active
Markets for
Identical Assets
(Level1)
Significant
Other
Observable
Inputs
(Level2)
Significant
Unobservable
Inputs
(Level3)
$29 $29 $– $–
192 192 ––
53 152 –
65 –65 –
33 23 10–
12–12–
5––5
$389 $245$139 $5
December31,2010
Asset Category
Thechanges in our Level3retirementplan assets during 2009 and 2010werenot material.