HP 2011 Annual Report Download - page 144
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 16: Retirement and Post-Retirement Benefit Plans (Continued)
Changes in fair value measurements of Level 3 investments during the year ended October 31,
2011, were as follows:
U.S. Defined Post-Retirement
Benefit Plans Non-U.S. Defined Benefit Plans Benefit Plans
Alternative Debt Alternative Alternative
Investments Equity Securities Investments Investments
Insurance
Private US Corporate Private Hedge Real Group Private
Equities Hybrids Total Equities Debt Equities Funds Estate Annuities Cash Other Total Equities Hybrids Total
In millions
Beginning balance at
October 31, 2010 .... $1,034 $ 6 $1,040 $ 64 $ 6 $14 $231 $225 $ 74 $— $ 2 $616 $154 $1 $155
Actual return on plan
assets:
Relating to assets still held
at the reporting date . . 127 — 127 30 — 3 (26) (26) 17 — — (2) 32 — 32
Relating to assets sold
during the period .... 154 1 155 — — — — — — — (1) (1) 18 — 18
Purchases, sales,
settlements (net) .... (29) (1) (30) — 1 3 30 — (18) — (1) 15 23 — 23
Transfers in and/or out of
Level 3 .......... 70 (2) 68 (64) (4) — 65 — 16 (4) 19 28 — — —
Ending balance at
October 31, 2011 .... $1,356 $ 4 $1,360 $ 30 $ 3 $20 $300 $199 $ 89 $(4) $19 $656 $227 $1 $228
The table below sets forth the fair value of our plan assets as of October 31, 2010 by asset
category, using the same three-level hierarchy of fair-value inputs described in Note 9.
U.S. Defined Benefit Plans Non-U.S. Defined Benefit Plans Post-Retirement Benefit Plans
Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total
In millions
Asset Category:
Equity securities
U.S. .................. $1,460 $ 4 $ — $1,464 $1,028 $ 195 $ 64 $ 1,287 $ 68 $— $ — $ 68
Non-U.S. ............... 1,193 — — 1,193 5,265 652 — 5,917 40 — — 40
Debt securities
Corporate ............... — 2,931 — 2,931 2,031 887 6 2,924 — 57 — 57
Government(1) ............ 1,314 992 — 2,306 626 376 — 1,002 14 30 — 44
Alternative Investments
Private Equities(2) .......... 2 — 1,034 1,036 — — 14 14 — — 154 154
Hybrids ................ — — 6 6 3 18 — 21 — — 1 1
Hedge Funds ............. — — — — 102 7 231 340 — — — —
Real Estate Funds ........... — — — — 363 171 225 759 — — — —
Insurance Group Annuity Contracts . — — — — 17 54 74 145 — — — —
Cash and Cash Equivalents(3) .... 7 484 — 491 305 27 — 332 5 5 — 10
Other(4) .................. — — — — 7 10 2 19 — — — —
Total ................... $3,976 $4,411 $1,040 $9,427 $9,747 $2,397 $616 $12,760 $127 $92 $155 $374
(1) Includes debt issued by national, state and local governments and agencies.
(2) Includes limited partnerships and venture capital partnerships.
(3) Includes cash and cash equivalents such as short-term marketable securities.
(4) Includes international insured contracts and unsettled transactions.
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