Macy's 2012 Annual Report Download - page 76

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
F-29
The following table sets forth a summary of changes in fair value of the Pension Plan’s level 3 assets for 2012 and 2011:
2012 2011
(millions)
Balance, beginning of year ............................................................................ $ 533 $ 488
Actual gain on plan assets:
Relating to assets still held at the reporting date .................................... 7 9
Relating to assets sold during the period................................................ 23 22
Purchases........................................................................................................ 71 48
Sales............................................................................................................... (40)(34)
Balance, end of year....................................................................................... $ 594 $ 533
During 2012 and 2011, the Company made funding contributions to the Pension Plan totaling $150 million and $375
million, respectively. The Company is currently planning to make a funding contribution to the Pension Plan of approximately
$150 million in 2013.
The following benefit payments are estimated to be paid from the Pension Plan:
(millions)
Fiscal year
2013.................................................................................................................................... $ 255
2014.................................................................................................................................... 248
2015.................................................................................................................................... 245
2016.................................................................................................................................... 242
2017.................................................................................................................................... 238
2018-2022........................................................................................................................... 1,121