Lexmark 2014 Annual Report Download - page 115

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The following table sets forth by level, within the fair value hierarchy, plan assets measured at fair value on a recurring basis as of
December 31, 2014 and 2013:
December 31, 2014 December 31, 2013
Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total
Commingled trust
funds:
Fixed income $ – $ 251.1 $ – $ 251.1 $ – $ 210.1 $ – $ 210.1
International equity
large-cap – 82.3 – 82.3 – 92.9 – 92.9
International equity
small-cap – 17.3 – 17.3 – 20.8 – 20.8
Emerging market
equity – 21.7 – 21.7 – 24.5 – 24.5
Emerging market
debt – 25.7 – 25.7 – 26.6 – 26.6
Global equity – 36.0 – 36.0 – 39.2 – 39.2
U.S. equity – 83.0 – 83.0 – 89.8 – 89.8
Real estate – 5.1 – 5.1 – 4.8 – 4.8
Fixed income:
Government and
agency debt
securities – 33.4 – 33.4 – 33.0 – 33.0
Corporate debt
securities – 144.1 1.2 145.3 – 133.0 1.6 134.6
Asset-backed and
mortgage-backed
securities – 9.7 3.1 12.8 – 11.1 2.5 13.6
U.S. equity securities:
Cash equivalent – 4.4 – 4.4 – 2.3 – 2.3
Subtotal – 713.8 4.3 718.1 – 688.1 4.1 692.2
Cash – – – 2.0 – – – 2.2
Employer and
benefits payable – – – – – – – (2.3)
Total assets at fair
value $ – $ 713.8 $ 4.3 $ 720.1 $ – $ 688.1 $ 4.1 $ 692.1
The following table sets forth a summary of changes in the fair value of Level 3 assets at December 31:
2014 2013
Total
Fixed Income
- Corporate
debt securities
Fixed Income
- Asset-backed
and mortgage-
backed
securities Total
Fixed Income
- Corporate
debt securities
Fixed Income
- Asset-
backed and
mortgage-
backed
securities
Fair value at beginning of
year $ 4.1 $ 1.6 $ 2.5 $ 2.0 $ 2.0 $ –
Actual return on plan assets -
assets held at reporting date 0.1 0.1 – – – –
Actual return on plan assets -
assets sold during period – – – (0.1) – (0.1)
Purchases, sales and
settlements, net 0.1 (0.5) 0.6 2.6 – 2.6
Transfers in/(transfers out),
net – – – (0.4) (0.4) –
Fair value at end of year $ 4.3 $ 1.2 $ 3.1 $ 4.1 $ 1.6 $ 2.5
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