Hertz 2009 Annual Report Download - page 151
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HERTZ GLOBAL HOLDINGS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
•Inputs that are derived principally from a corroborated by observable market data by
correlation or other means.
If the asset or liability has a specified (contractual) term, the level 2 input must be observable for
substantially the full term of the asset or liability.
•Level 3 Inputs to the valuation methodology are unobservable and significant to the fair value
measurement.
The fair value measurements of our U.S. pension plan assets are based upon significant observable
(Level 2) inputs as follows (in millions of dollars):
Year ended
Asset Category December 31, 2009
Cash and cash equivalents ....................................... $ 4.6
Equity Securities:
U.S. Large Cap .............................................. 80.2
U.S. Mid Cap ................................................ 23.8
U.S. Small Cap .............................................. 18.4
International Large Cap ........................................ 63.4
Fixed Income Securities:
U.S. Treasuries ............................................... 44.6
Corporate Bonds ............................................. 45.4
Mortgage-backed Bonds ........................................ —
Municipal Bonds ............................................. 1.1
Real Estate (REITs) ............................................. 2.7
Total fair value of pension plan assets ............................ $284.2
The fair value measurements of our U.K. pension plan assets are based upon significant observable
(Level 2) inputs as follows (in millions of dollars):
Year ended
Asset Category December 31, 2009
Cash and cash equivalents ....................................... $ 8.4
U.K. Equities .................................................. 48.7
Overseas Equities .............................................. 60.6
U.K. Conventional Gilts .......................................... 5.4
Overseas Bonds ............................................... 4.9
Corporate Bonds ............................................... 3.5
Index-Linked Gilts-Stocks ......................................... 0.8
Total fair value of pension plan assets .............................. $132.3
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