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

The fair values of the Pension Plan assets as of February 2, 2013, excluding interest and dividend receivables and pending investment purchases and

sales, by asset category are as follows:































Cash and cash equivalents $204

$ —

$204

$ —

Equity securities:

U.S. 832

290

542

—

International 818

—

818

—

Fixed income securities:

U. S. Treasury bonds 136

—

136

—

Other Government bonds 34

—

Agency backed bonds 6

—

Corporate bonds 338

—

338

—

Mortgage-backed securities and forwards 102

—

102

—

Asset-backed securities 24

—

Pooled funds 303

—

303

—

Other types of investments:

Real estate 280

—

280

Hedge funds 154

—

154

Private equity 160

—

160

Total $ 3,391

$ 290

$2,507

$594

Corporate bonds consist primarily of investment grade bonds of U.S. issuers from diverse industries.

The fair value of the real estate, hedge funds and private equity investments represents the reported net asset value of shares or underlying assets of the

investment. Private equity and real estate investments are valued using fair values per the most recent financial reports provided by the investment sponsor,

adjusted as appropriate for any lag between the date of the financial reports and the Company’s reporting date. The real estate investments are diversified

across property types and geographical areas primarily in the United States of America. Private equity investments generally consist of limited partnerships in

the United States of America, Europe and Asia. The hedge fund investments are through a fund of funds approach.

Due to the nature of the underlying assets of the real estate, hedge funds and private equity investments, changes in market conditions and the economic

environment may significantly impact the net asset value of these investments and, consequently, the fair value of the Pension Plan’s investments. These

investments are redeemable at net asset value to the extent provided in the documentation governing the investments. However, these redemption rights may be

restricted in accordance with the governing documents. Redemption of these investments is subject to restrictions including lock-up periods where no

redemptions are allowed, restrictions on redemption frequency and advance notice periods for redemptions. As of February 1, 2014 and February 2, 2013,

certain of these investments are generally subject to lock-up periods, ranging from three to fifteen years, certain of these investments are subject to restrictions

on redemption frequency, ranging from daily to twice per year, and certain of these investments are subject to advance notice requirements, ranging from sixty-

day notification to ninety-day notification. As of February 1, 2014 and February 2, 2013, the Pension Plan had unfunded commitments related to certain of

these investments totaling $150 million and $144 million, respectively.

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