Harley Davidson 2014 Annual Report Download - page 86

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The following tables present the fair values of the plan assets related to the Company’s pension and postretirement
healthcare plans within the fair value hierarchy as defined in Note 7.
The fair values of the Company’s pension plan assets as of December€31, 2014 were as follows (in thousands):€
Balance as of
December 31, 2014
Quoted€Prices€in
Active€Markets€for
Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Assets:
Cash and cash equivalents $38,131 $2,965 $35,166 $—
Equity holdings:
U.S. companies 625,174 620,964 4,210 —
Foreign companies 109,088 109,088 — —
Harley-Davidson common stock 83,942 83,942 — —
Pooled equity funds 323,613 323,613 — —
Limited partnership interests 31,227 140 1 31,086
Total equity holdings 1,173,044 1,137,747 4,211 31,086
Fixed-income holdings:
U.S. Treasuries 51,375 51,375 — —
Federal agencies 45,282 — 45,282 —
Corporate bonds 376,454 — 376,454 —
Pooled fixed income funds 236,024 52,335 183,689 —
Foreign bonds 58,956 — 58,956 —
Municipal bonds 13,380 — 13,380 —
Total fixed-income holdings 781,471 103,710 677,761 —
Total pension plan assets $1,992,646 $1,244,422 $717,138 $31,086
Included in the pension plan assets are 1,273,592 shares of the Company’s common stock with a market value of $83.9
million at December€31, 2014.
The following table presents a reconciliation of the fair value measurements using significant unobservable inputs (Level
3) as of December€31, 2014 (in thousands):€
Limited€Partnership
Interests
Balance, beginning of period $34,234
Actual return on plan assets:
Relating to assets still held at the reporting date (3,178)
Purchases, sales and settlements 30
Balance, end of period $31,086
86