Kodak 2011 Annual Report Download - page 103

Major U.S. Plans
December 31, 2010
For the Company’s major U.S. defined benefit pension plans, equity investments are invested broadly in U.S. equity, developed international equity, and
emerging markets. Fixed income investments are comprised primarily of long duration U.S. Treasuries and global government bonds, as well as U.S.
and emerging market companies’ debt securities diversified by sector, geography, and through a wide range of market capitalizations. Real estate
investments include investments in office, industrial, retail and apartment properties. Other investments include private equity, hedge funds and natural
resource investments. Private equity investments are primarily comprised of limited partnerships and fund-of-fund investments that invest in distressed
investments, venture capital, leveraged buyout and special situation funds. Natural resource investments in oil and gas partnerships and timber funds are
also included in this category. Absolute return investments are comprised of hedge funds that use equity long-short strategies.
(in millions)
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Cash and cash equivalents
$
-
$
126
$
-
$
126
Equity Securities
436
534
19
989
Debt Securities:
Government Bonds
-
749
-
749
Inflation
-
Linked Bonds
-
667
221
888
Investment Grade Bonds
-
409
-
409
Global High Yield & Emerging Market Debt
-
122
-
122
Other:
Absolute Return
-
287
-
287
Real Estate
-
-
240
240
Private Equity
-
-
1,063
1,063
Derivatives with unrealized gains
7
7
-
14
Derivatives with unrealized losses
-
(26
)
-
(26
)
$
443
$
2,875
$
1,543
$
4,861
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