Macy's 2015 Annual Report Download - page 81

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
F-32
The fair values of the Pension Plan assets as of January 30, 2016, excluding interest and dividend receivables and
pending investment purchases and sales, by asset category are as follows:
Fair Value Measurements
Total
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
Significant
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
(millions)
Cash and cash equivalents............................................ $ 15 $ 15 $ — $ —
Money market securities .............................................. 36 — 36 —
Money market pooled funds (a) ................................... 46 — — —
Equity securities:
U.S. stocks............................................................. 280 280 — —
U.S. pooled funds (a) ............................................ 391 — — —
International pooled funds (a) ............................... 575 — — —
Fixed income securities:
U. S. Treasury bonds............................................. 233 — 233 —
Other Government bonds ...................................... 41 — 41 —
Agency backed bonds ........................................... 31 — 31 —
Corporate bonds .................................................... 433 — 433 —
Mortgage-backed securities .................................. 112 — 112 —
Asset-backed securities ......................................... 28 — 28 —
Pooled funds (a) .................................................... 427 — — —
Other types of investments:
Real estate (a)........................................................ 238 — — —
Hedge funds (a)..................................................... 179 — — —
Private equity (a)................................................... 188 — — —
Derivatives in a positive position.......................... 15 — 15 —
Derivatives in a negative position......................... (22) — (22) —
Total.............................................................................. $ 3,246 $ 295 $ 907 $ —
(a) Certain investments that are measured at fair value using the net asset value per share as a practical expedient
have not been classified in the fair value hierarchy. The fair value amounts presented in these tables are intended
to permit reconciliation of the fair value hierarchy to the amounts presented in the fair value of plan assets.