Macy's 2011 Annual Report Download - page 68

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
F-28
The following table sets forth a summary of changes in fair value of the Pension Plan’s level 3 assets for 2011 and 2010:
2011 2010
(millions)
Balance, beginning of year ......................................................................... $ 488 $ 413
Actual gain on plan assets:
Relating to assets still held at the reporting date................................. 9 28
Relating to assets sold during the period............................................. 22 18
Purchases .................................................................................................... 48 69
Sales............................................................................................................ (34)(40)
Balance, end of year ................................................................................... $ 533 $ 488
During 2011 and 2010, the Company made funding contributions to the Pension Plan totaling approximately $375 million
and $825 million, respectively. The Company is currently planning to make a funding contribution to the Pension Plan of
approximately $150 million in 2012.
The following benefit payments are estimated to be paid from the Pension Plan:
(millions)
Fiscal year:
2012.................................................................................................................................... $ 251
2013.................................................................................................................................... 244
2014.................................................................................................................................... 244
2015.................................................................................................................................... 245
2016.................................................................................................................................... 254
2017-2021........................................................................................................................... 1,292