HP 2013 Annual Report Download - page 151

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 15: Retirement and Post-Retirement Benefit Plans (Continued)
The table below sets forth the fair value of our plan assets as of October 31, 2012 by asset
category within the fair value hierarchy.
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. ................. $1,150 $ — $ — $ 1,150 $1,621 $ 28 $ — $ 1,649 $— $— $ — $ —
Non-U.S. .............. 866 — — 866 4,049 50 76 4,175 — — — —
Debt securities
Corporate .............. — 3,442 1 3,443 — 2,878 — 2,878 — 17 — 17
Government(1) ........... — 3,037 — 3,037 — 1,653 — 1,653 6 16 — 22
Alternative Investments
Private Equity(2) .......... 3 — 1,300 1,303 2 — 21 23 — — 235 235
Hybrids(3) .............. — — 2 2 — 1,089 — 1,089 — — 1 1
Hedge Funds(4) ........... — — 65 65 — 296 233 529 — — — —
Real Estate Funds .......... — — — — 449 177 194 820 — — — —
Insurance Group Annuity
Contracts .............. — — — — — 60 88 148 — — — —
Common Collective Trusts and
103-12 Investment Entities(5) . . . — 1,546 — 1,546 — — — — — 49 — 49
Registered Investment Companies
(‘‘RICs’’)(6) ............. 119 342 — 461 — — — — 73 — — 73
Cash and Cash Equivalents(7) .... (66) 108 — 42 439 5 — 444 — 2 — 2
Other(8) ................. (245) (134) — (379) 575 36 2 613 (4) — — (4)
Total ................... $1,827 $8,341 $1,368 $11,536 $7,135 $6,272 $614 $14,021 $75 $84 $236 $395
(1) Includes debt issued by national, state and local governments and agencies. Certain U.S. treasury debt securities in the aggregate of
$1.6 billion have been reclassified from level 1 to level 2 based upon further analysis of the investments.
(2) Includes limited partnerships and venture capital partnerships as well as equity / buyout funds, venture capital, real estate and other
similar funds that invest in the United States and internationally where foreign currencies are hedged.
(3) Includes a fund that invests in both private and public equities primarily in the United States and the United Kingdom, as well as
emerging markets across all sectors. The fund also holds fixed income and derivative instruments to hedge interest rate and
inflation risk. In addition, the fund includes units in transferable securities, collective investment schemes, money market funds, cash
and deposits.
(4) Includes those that invest both long and short primarily in common stocks and credit, relative value, event driven equity, distressed
debt and macro strategies. Management of the hedge funds has the ability to shift investments from value to growth strategies, from
small to large capitalization stocks and bonds, and from a net long position to a net short position.
(5) Department of Labor 103-12 IE (Investment Entity) designation is for plan assets held by two or more unrelated employee benefit
plans which includes limited partnerships and venture capital partnerships.
(6) Includes publicly and privately traded RICs.
(7) Includes cash and cash equivalents such as short-term marketable securities.
(8) Includes international insured contracts, derivative instruments and unsettled transactions.
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