Macy's 2014 Annual Report Download - page 78

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
F-31
The following table sets forth a summary of changes in fair value of the Pension Plan’s level 3 assets for 2014 and
2013:
2014 2013
(millions)
Balance, beginning of year ............................................................................ $ 548 $ 594
Actual gain on plan assets:
Relating to assets still held at the reporting date .................................... 18 1
Relating to assets sold during the period................................................ 22 48
Purchases........................................................................................................ 71 77
Sales............................................................................................................... (59)(172)
Balance, end of year....................................................................................... $ 600 $ 548
The Company does not anticipate making funding contributions to the Pension Plan in 2015.
The following benefit payments are estimated to be paid from the Pension Plan:
(millions)
Fiscal year
2015.................................................................................................................................... $ 301
2016.................................................................................................................................... 286
2017.................................................................................................................................... 280
2018.................................................................................................................................... 272
2019.................................................................................................................................... 270
2020-2024........................................................................................................................... 1,236