Kodak 2015 Annual Report Download - page 46

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Major U.S. Plans
December 31, 2014
U.S.
(in millions)
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Measured at
NAV Total
Cash and cash equivalents $ 1 $ — $ — $ 114 $ 115
Equity Securities — — — 632 632
Debt Securities:
Government Bonds — — — 989 989
Investment Grade Bonds — 442 — — 442
Real Estate — — 41 98 139
Global Balanced Asset Allocation Funds — — — 587 587
Other:
Absolute Return — — — 426 426
Private Equity — — 28 752 780
Derivatives with unrealized gains 50 — — — 50
$ 51 $ 442 $ 69 $ 3,598 $4,160
For Kodak’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 investment-grade corporate bonds. Real estate investments
primarily include investments in limited partnerships that invest in office, industrial, retail and apartment properties. Private equity investments are primarily
comprised of limited partnerships and fund-of-fund investments that invest in distressed investments, venture capital, leveraged buyouts and special situations.
Natural resource investments in oil and gas partnerships and timber funds are also included in this category. Absolute return investments are comprised of a
diversified portfolio of hedge funds using equity, debt, commodity, and currency strategies held separate from the derivative-linked hedge funds described later in
this footnote.
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